SAN FRANCISCO, April 11, 2012 /PRNewswire/ -- Colombia
Energy Resources, Inc. (OTCBB: CERX), a mining company focused on
producing metallurgical coal from the Republic of Colombia, has engaged Liolios Group to lead
its investor relations and financial communications program.
(Logo:
http://photos.prnewswire.com/prnh/20120208/AQ50047LOGO)
"We've begun our first production of met coal from two producing
coal concessions in Colombia, with
nine other company-owned concessions under various states of
development," said Ron Stovash,
president and CEO of Colombia Energy Resources. "This has brought
us to a pivotal stage in our growth where it is timely for a team
of experienced IR professionals like Liolios Group to help us
address the capital markets and effectively communicate our story.
Liolios Group offers a proven track record of helping emerging
growth companies deliver their message to build quality, long-term
relationships with investors, analysts and institutions."
In collaboration with Colombia Energy Resources management,
Liolios Group will refine and deliver the company's message for
maximum resonation within the financial community. Liolios Group
will also schedule a number of one-on-one conference calls, road
shows and financial conferences, targeting key influencers such as
analysts, institutional investors and members of the financial
press.
Justin Vaicek, head of Liolios
Group's new Natural Resources vertical, will oversee the IR
campaign and help CERX navigate the capital markets. Vaicek is a
seasoned executive with more than 18 years of experience in senior
level management, equity research, portfolio analysis, and investor
relations across multiple industries, including energy and natural
resources.
"Operating under highly capable and experienced management,
Colombia Energy Resources is benefiting from rising global demand
for metallurgical coal used in the production of steel," said
Vaicek. "Demand for coal is expected to increase by 50% over the
next two decades."
"The Republic of Colombia has
also become one of the more attractive emerging markets for foreign
investment, driven primarily by major security and economic reforms
over the last decade," continued Vaicek. "In fact, the Colombian
government has committed $56.5
billion over the next 10 years to making business
opportunities in the country more attractive, including those in
the mining sector. Colombia Energy Resources stands to gain from
these emerging economic drivers, as it begins to develop its
substantial coal resources."
For additional information about Colombia Energy Resources,
contact Liolios Group at 949-574-3860 or email
CERX@liolios.com.
About Liolios Group, Inc.
Liolios Group, Inc. is a strategic financial communications
firm focused on small-cap companies across a broad range of
industry classifications. Liolios Group aims to deliver superior
performance in corporate messaging and positioning, investor
awareness, analyst and financial press coverage, and capital
attraction. Founded in 1999, Liolios Group executives have
extensive experience in finance and investments, and have
represented more than 125 global companies in a wide range of
industries. For more information about Liolios Group, go to
www.liolios.com.
About Colombia Energy Resources, Inc.
Colombia Energy Resources (OTCBB: CERX) is a metallurgical
coal exploration and mining company. CERX is exploring coal
deposits and developing coal mines at company controlled mining
concessions. The company currently controls mining concessions
underlying approximately 25,000 acres of land in the Republic of
Colombia which is the world's
tenth largest producer and sixth largest exporter of coal. The
country also has the largest reserve base in South America with an estimated 7 billion
metric tons (MT) of recoverable reserves and 17 billion MT of
potential reserves.
The company plans to import international mining best practices
to Colombia as it becomes a
leading consolidator in the Colombian metallurgical coal market.
CERX's team of executives, advisors and partners is comprised of
experienced entrepreneurs and business professionals in the U.S.
and Colombia with a breadth of
experience in coal mining as well as substantial industry
relationships.
For more information, visit www.colombiaenergyresources.com.
Forward Looking Statements
This release contains forward-looking statements
regarding CERX's future plans and expected performance based on
assumptions the Company believes to be reasonable. A number
of risks and uncertainties could cause actual results to differ
materially from these statements, including, without limitation,
the success rate of business development efforts, exploration
efforts and the timeliness of development activities, fluctuations
in coal and energy prices, confirmation of estimated resources, and
other risk factors described from time to time in the Company's
reports filed with the SEC. In addition, the Company operates
in an industry sector where securities values are highly volatile
and may be influenced by economic and other factors beyond the
Company's control. Colombia Energy Resources, Inc. undertakes no
obligation to publicly update these forward-looking statements,
whether as a result of new information, future events or
otherwise.
Company Contact:
Daniel Carlson
Executive Vice President
dcarlson@colombiaenergyresources.com
Tel (415)460-1165
Investor Relations:
Liolios Group, Inc.
Justin Vaicek
Tel (949)574-3860
CERX@liolios.com
SOURCE Colombia Energy Resources, Inc.
