El Maniel International Inc Completes First Shipment of Gold via Gold Trading Arm; Second Shipment of Gold to Refinery in Thailand Underway

 

New York – April 12, 2011 - Further to our press release dated March 22, 2011, El Maniel International Inc (OTC:EMLL) announced today that the Company’s trading arm has successfully completed its first shipment of gold valued to be over $1.4 million at current market prices and the second shipment of gold to a refinery in Thailand which doubles the volume is underway. “We are extremely delighted to book revenue from the first shipment as pilot revenue and the first shipment was successfully executed by leveraging on re-sale from local miners as well as supply from our Malian resource base which will continue to increase in subsequent shipments” according to Jamie Khoo, CEO of El Maniel International Inc.

“The second shipment from our gold trading arm will be part of our long-term forward contract to deliver the precious metal to Thailand in addition to our existing supply to Hong Kong becoming a significant milestone for our Company towards achieving top-line growth from recurring revenue stream from this domain” states Jamie Khoo.

El Maniel International Inc is a publicly traded company currently focusing in the gold domain including but not limited to trading, prospecting, developing and expanding the economic potential of world class mining claims located in Ghana, West Africa and the company is committed in creating shareholder's value by ensuring constant development of current and new resources in the region. For further information and updates on El Maniel, stay tuned to www.elmaniel.com  

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.

 

Contact:
El Maniel International, Inc
Investor Relations Contact:
212-726-2179
ir@elmaniel.com

Tags:

Contacts

  • El Maniel International Inc.
    El Maniel International Inc.

Subscribe