SOURCE: Plateau Mineral Development, Inc.

February 04, 2011 12:41 ET

Plateau Minerals Issues Operational Update

NEW YORK, NY--(Marketwire - February 4, 2011) -  Plateau Mineral Development, Inc. ("Plateau Metals") (PINKSHEETS: PMDP) is pleased to provide an operational update on the progress accomplished in the implementation of its recently announced enhanced business plan and new strategic direction.

On December 14th, 2010, the Company Plateau announced all unprofitable natural gas operations or opportunities were divested and in their place the Company has acquired various precious metal production, shipping, surety, and arbitrage operations.

The Company now reports the following progress:

  1. Private change of control of the Company completed resulting in complete change of Officers and Directors
  2. Adoption of new business operations consisting of the following key components:
    1. Precious metal international shipping and arbitrage
    2. Risk surety services for trans-shipping and precious metals exchange and arbitrage
    3. Acquisition and development of precious metal production properties
    4. Online international marketplace operations for direct purchase, sale, ownership and storage of smaller quantity precious metals
  3. New website outlining new operations at www.plateaumetals.com
  4. To accommodate its operations and services across multiple international time zones, the Company has opened temporary offices in New York and London, UK 
    1. 80 Broad Street 5th Floor New York City 10004 United States 917-463-3364
    2. 81 Oxford St London W1D 2EU United Kingdom 44 (0)203 371 7122
  5. Signed a three year Gold Trans-shipment and Transaction Handling agreement valued at $25,000,000 per annum; shipments of which have already commenced
  6. Completing revised Disclosure document and Financial Statements that reflect the new structure in order to bring the Company to 'current information' reporting status with the OTC Disclosure service. The current delay resulting from incomplete prior records and new operation additions, the project is nearing completion
  7. Commenced due diligence on a number of complementary business opportunities, including on-line precious metal trading and precious metal recycling and recovery, both of which would expand the Company's operations and services, thereby increasing revenue potential and shareholder value.
  8. Filing of the Company's complete financials was originally anticipated for 30 Jan 2011. Complete financials will be posted on or before 15 February as new operational additions are completed.
  9. Preliminary financials will be posted to the company's web site before official filing of final documents with the OTC Disclosure Service.

The increased demand for all precious metals, particularly gold, 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 in 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.

The Company will continue to provide regular updates regarding progress on the implementation of its new business model.

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