Plateau Mineral Development, Inc. Discusses Permitting Process for Tire Converter
13 Juillet 2010 - 3:00PM
Plateau Mineral Development, Inc. (Pink Sheets:PMDP) announced
today that the environmental permitting process has been defined
for the Tire Converter.
The Converter will recover carbon black, oil, gas and petroleum
solvents from tires. The market for carbon black includes the
manufacturing of other products, making it an even more important
commodity than the company had originally thought. Carbon black
sells for approximately $0.46 per pound.
A prototype unit was put to the test, showing that the converter
yields more than 90% of usable product after it converts the
materials put into it. The fully operational converter is the size
of a truck bed. However, the goal is to fabricate and test a
portable unit that can be taken to remote sites for conversion and
environmental cleanup jobs.
Plateau Mineral Development, Inc. notes that the cost is well
within budget and consultants are ready to begin work as the
fabrication progresses. This will prepare EnSol to begin testing
and production operations immediately after fabrication is
completed.
About Plateau Mineral Development,
Inc.: Plateau Mineral Development has been in
existence for over five years.
Safe Harbor Statement: This information
includes certain "forward-looking statements." The forward-looking
statements reflect the beliefs, expectations, objectives and goals
of the Company management with respect to future events and
financial performance. They are based on assumptions and estimates,
which are believed reasonable at the time such statements are made.
However, actual results could differ materially from anticipated
results. Important factors that may impact actual results include
but are not limited to commodity prices, political developments,
legal decisions, market and economic conditions, industry
competition, the weather, changes in financial markets and changing
legislation and regulations. Matters discussed in this press
release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. When used
in this press release, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect" and similar expressions
identify such forward-looking statements. Actual results,
performance or achievements could differ materially from those
contemplated, expressed or implied by the forward-looking
statements contained herein. These forward-looking statements are
based largely on the expectations of the Company and are subject to
a number of risks and uncertainties. These include but are not
limited to risks and uncertainties associated with the impact of
economic, competitive and other factors affecting the Company and
its operations, markets, product, and distributor performance, the
impact on the national and local economies resulting from terrorist
actions, and U.S. actions subsequently; and other factors detailed
in reports filed by the Company. Forward-looking statements are
intended to qualify for the safe harbor provisions of Section 21E
of the Securities and Exchange Act of 1934, as amended.
CONTACT: Plateau Mineral Development, Inc.
Investor Relations
410-242-0763
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