NEW YORK, NY--(Marketwired - Sep 27, 2016) - Sunergy, Inc. ("Sunergy" or "the Company") (OTC PINK: SNEY) is pleased to announce that a new strategic partnership agreement has been secured with a UK Group that will insure that our diamond buyers will have a steady and increased supply of diamonds for the balance of 2016 and thru the 2017 mining season and beyond. The properties involved also are known for gold to be contained in the diamond bearing gravels.
The agreement calls for the UK partners to lease our mining equipment and in addition Sunergy will earn a substantial portion of the project's profits. This Agreement also gives Sunergy's diamond buyer(s) the option to purchase 100 % of the diamonds produced at fair prices.
Garrett Hale, President and CEO of Sunergy, Inc.: "This approach marks a new plan whereby Sunergy is no longer spending money on mining exploration or operations; rather continuing to generate cash flow from this new agreement in terms of monthly equipment lease payments plus our negotiated share of the profits from the sale of all products produced by the operations. Sunergy has experienced the continued sale of parcels for profit, reducing our outstanding debts for over a year now, and I look forward to continuing this model on a greater scale."
Our investment in Global Builders Group, Inc. for 2,000,000 shares should become profitable for us in 2016-2017 when GBG's pipeline of projects in the Middle East and Sub Saharan Africa begin finalizing. GBG has also made commitments to support the mineral exploitation operations of Sunergy.
A recent Radio interview with The Chief Negotiator for the Company was released by Uptick Newswire. Com. This interview in its entirety can be heard on http://upticknewswire.com/steve-parent-talks-about-going-cash-flow-positive-for-sunergy-inc/. Uptick was not compensated in any way for this interview and is thanked by Sunergy for their efforts.
Please go to www.sunergygold.com for more information.
About Sunergy: Sunergy Inc. was founded in 2003 and is headquartered in Scottsdale, Arizona. For the first 11 years Sunergy was an exploration stage development mining company and controlled large mining concessions in Ghana, Sierra Leone and more recently in Liberia. In mid-2013, due to the fact that exploration funding was virtually non-existent for small mining companies, we changed our focus and operating model from solely engaging in exploration activities, to pursuing cash flow from placing our existing equipment: 3 dredges, vehicles and our wash plant to work in licensed mining activities capable of generating cash flow (exploitation activities). These licensed activities have involved relationships with local artisanal miners where we use our equipment, trained personnel and financial support and earn an interest in their operations. Sunergy has now made the transition from a mining exploration company to a mineral exploitation company. The difference is profound. From this point on, Sunergy will partner with Companies where mineralization has already been identified and located. We will lease our equipment to be used in the operations and we will earn a piece of the operations and have exclusive access to purchase the products generated by the operations.
With the efforts of our local on ground management team we are now undertaking partnerships with local mining groups in the districts most known for diamond recovery. In addition, we are still considering a new EXPL license suitable for early bulk sample testing where diamonds and gold are already known to exist in economic quantities. These regions continue to produce the parcels which Sunergy has provided for sale to date. As of this date, we have sold and are awaiting final payment on the sale of parcel #5 of diamonds from our diamond trading partner. Since we began selling diamond parcels in late 2014, we have generated revenue of $114,021 in three parcels. As the next dry season rapidly approaches, we will be fully prepared to maximize operations by washing substantial amounts of diamond bearing gravels. Our budget for operations over the next 12 months will be approximately $250,000 US.
Regarding Forward-Looking Statements
This current press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization or cash flow.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals or diamond prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.