SOURCE: Prom Resources, Inc.

August 14, 2007 08:00 ET

Prom Resources, Inc. Appoints Chief Geologist

MIAMI, FL--(Marketwire - August 14, 2007) - Prom Resources, Inc. (PINKSHEETS: PRMO) ("the Company") is pleased to announce that a new geologist, Mr. RAVONY Manantsoa, has been retained to evaluate its 192 perimeters in the Toliara and Antananarivo provinces of Madagascar. This past January, Prom Resources issued news of securing perimeters when the company determined they yielded up to an excess of one ounce per ton of gold. Licenses for extraction were also acquired at that time for the original perimeters at which point the company also shipped gold bearing material for grading and processing.

Mr. RAVONY Manantsoa has joined the Prom Resources team as the senior geologist to evaluate its 192 perimeters, but mostly to determine the potential of further perimeters the company wishes to acquire.

"We intend to increase our asset base and widen it into other substances and for that we are assembling a dynamic team," said Mr. Dror Moradov, President and CEO of the company.

About Prom Resources, Inc.

Prom Resources, Inc. is currently engaged in the active exploration and extraction of gold ore and corundum material at different mining and exploration perimeters in the Republic of Madagascar. For further information please visit our website at or email us at

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of Prom Resources, Inc. and its subsidiaries (hereafter collectively referred to as "the Company," "we," "our" or "us") to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The words or phrases "would be," "may allow," "intends to," "may likely," "are expected to," "may continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Such statements include those concerning our expected financial performance, our corporate strategy and operational plans. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties, including: (a) not being able to discover any material economically feasible to mine; (b) whether we are able to manage our planned growth efficiently, including whether our management will be able to identify, hire, train, retrain, motivate, and manage required personnel or that management will be able to manage and exploit existing and potential market opportunities successfully; (c) whether we are able to generate sufficient revenues or obtain financing to sustain and grow our operations. Prom Resources, Inc.'s plans, as reflected above, should not be construed by any means whatsoever as a reflection of the Company's future stock price or future financial results.

Contact Information

  • Contact:
    Dror Moradov
    Telephone number: 954-697-2199
    Email: Email Contact