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She traded as high as 30 cents in 2007, looks like the turnaround has begn!
Prom Resources (PRMO) Logs First Gold Sale
MIAMI, FL ("the Company") announces its first gold sale. The first shipment of 50kg was smelted and sold for the amount of USD $1,250,000.
"This past year was tainted with a number of delays and setbacks for which the Company and its shareholders had to bear the brunt. So, I am very pleased that we could turn things around just before the end of the fiscal year and end it on a positive note. Since the main obstacles were overcome, this new fiscal year is expected to be rosier. We anticipate strong sales and business developments," said, President of the Company, Dror Moradov.
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.
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