SOURCE: Plateau Mineral Development, Inc.

January 10, 2011 10:03 ET

Plateau Anticipates Continuing Growth: World Gold Council Reports 43% Increase in 2010 US Gold Demand

NEW YORK, NY--(Marketwire - January 10, 2011) - Plateau Mineral Development, Inc. ("Plateau Metals") (PINKSHEETS: PMDP) announced it continues to see increased demand for its Precious Metal (PM) business units, particularly its shipping & storage and surety operations.

The increased demand is supported by the recent World Gold Council (WGC) complete Third Quarter Gold Market Outlook that reports increased 2010 worldwide demand across all sectors. Demand is seen coming from the jewelry sector, as well as from institutions, including central banks, and a jump in industrial demand "on the back of renewed growth in the electronics industry, due to the majority of semi-conductors being wired by gold."

This growing demand is expected to continue to grow through 2011 and beyond which has already placed the Company's broad range of Precious Metal services high demand and additional agreements and business unit activations are anticipated. The Company believes the G7 governments, with the USA as the leader, will continue to debase their currencies thereby further pushing gold and silver back into the forefront as inflationary safe-havens and value-storage.

Regarding Outstanding Shares:

We have received numerous investor comments and queries regarding the number of issued and outstanding shares of common stock. Absolutely no new shares of common stock have, or will be, issued in order to complete change of control transaction. The current issued and outstanding shares as of 10 January 2011 are approx. 4.7 billion, the same number as pre-transaction. 

Investors will receive complete disclosures and financial statements expected to be filed on or before 30 January 2011. The Company is currently updating its information with PinkSheets and investors should expect complete and accurate data by the end of this week.

About Plateau
Plateau Metals provides precious metal shipping, access to production, transaction underwriting, and related services. Plateau operates across the world through its agents and offers service to multiple jurisdictions. Plateau offers complete solutions to buyers and sellers of precious metals that include storage, shipping, and transaction underwriting and arbitrage.

Plateau also acquires, develops, integrates and operates strategically aligned precious metal assets in worldwide markets where expansion is planned through additional investments to support organic growth; thereby providing significant revenue, and equity growth.

The company's operations and services are distributed across multiple international time zones with executives and agents located in client-appropriate locales. The company's website is www.plateaumetals.com.

Safe Harbor Statement:
This information includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives and goals of the Company management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. Matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include but are not limited to risks and uncertainties associated with the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Forward-looking statements are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

Contact Information

  • CONTACT:
    Plateau Metals
    Investor Relations
    New York: 1.917.463.3364
    London: +(44) (0)20 337 17122
    Fax: +(44) (0)208 338 0655
    info@plateaumetals.com