October 07, 2009 12:00 ET

Prom Resources, Inc. (PRMO) to Resume Gold Sales

MIAMI, FL--(Marketwire - October 7, 2009) - Prom Resources, Inc. (PINKSHEETS: PRMO) - Prom Resources will resume gold sales after sitting on the sideline in the first 3 quarters of 2009.

"Reaching a record high, gold is still very attractive and expected to further rise. After consulting with the Company's Board of Directors, we came to the conclusion that it is time again to sell as per our considerations and market situation," said Dror Moradov, President, PRMO.

About Prom Resources, Inc.

Prom Resources, Inc. is currently engaged in the active exploration and extraction of gold ore, corundum and beryl material at eight different mining and exploration perimeters in Madagascar. The Company has agreements in place with certain third party companies to sell its extracted material.

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 to be materially different from 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." Statements include those concerning our expected financial performance, our corporate strategy and operational plans could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. 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: 206-202-6367