SOURCE: Prom Resources, Inc.

August 22, 2007 08:00 ET

Prom Resources, Inc. New Location in Antananarivo

MIAMI, FL--(Marketwire - August 22, 2007) - Prom Resources, Inc. (PINKSHEETS: PRMO) ("the Company") is pleased to announce its office located in the Capital Antananarivo at Lot logement 06 bâtiment 6 cité Ambanidia Antananarivo 101, Madagascar.

Due to the company's increase in operations this new location allows management to have efficient access to mine site locations and will facilitate resourceful and rapid transfer of mine site shipments overseas.

Madagascar is considered to be the world's major source of sapphire and it is estimated that more than 50% of the world's supply is mined there. In addition to this it had a steady gold production industry at the beginning of the 20th century during the French colonial era but remained mostly unexploited by big scale mechanical mining. It resembles the richness of South Africa 200 years ago before the major mines were opened. BRGM, the French government mining arm, published some of its findings which were used as the basis of the new research being done today.

"Our company has been operating in Madagascar for 10 years now and continues to be amazed by the continuing potential and possibilities of this true Treasure Island," said Dror Moradov, President of Prom Resources, Inc. Mr. Moradov continues by saying, "Having an office located in the Capital Antananarivo gives us both prominence and the ability to effectively manage our shipping of resources overseas for further processing."

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 www.promresources.com or email us at info@promresources.com.

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
    President
    Telephone number: 954-697-2199
    Email: Email Contact