SOURCE: Prom Resources, Inc.

November 12, 2008 10:21 ET

Prom Resources (PRMO) 3rd Sale Update

MIAMI, FL--(Marketwire - November 12, 2008) - Prom Resources, Inc. (PINKSHEETS: PRMO) ("the Company") is pleased to announce that they have sold 50kg of gold mining concentrate for $816,000 USD.

"We believe current prices are artificially manipulated downward. Market forces might end this in Q1 of 2009," said Dror Moradov, President of the Company.

About Prom Resources, Inc.

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

  • Investor Relations contact:
    Dror Moradov
    President
    Telephone number: 954-697-2199