Wineco Productions, Inc. Provides Update on Nevada Pilot Plant and Announces Plans to Purchase Shares in the Market
08 Novembre 2005 - 3:01PM
PR Newswire (US)
SUNRISE, Fla., Nov. 8 /PRNewswire-FirstCall/ -- Wineco Productions,
Inc. (Pink Sheets: WNCP) provides investors with an update on their
Nevada Pilot Plant and announces that the company will purchase
shares in the market. Wineco's pilot plant in Nevada has produced
five ore body samples from separate locations yielding results
ranging from 12 oz. of gold per ton at one location to 50 oz. of
gold per ton from an off shore location. The company currently has
contracts in negotiations for extraction plants at all five
locations. Full operations at the DEMI site in Nevada, which is
owned by Wineco, are now scheduled for spring upon the approval of
state issued licenses. Environmental clean up at several mine sites
are now being contracted by Wineco to assist mine owners in their
contaminated waste tailings. Wineco directors have agreed that the
company will purchase several million shares of company stock over
the up-coming period. The company feels the stock price is a
tremendous value and will take advantage of the low price. Share
that are purchased will go into the company's' asset base along
with the extracted Noble Metals as they are processed.
Forward-looking statements are based on current expectations and
assumptions that are subject to certain risks and uncertainties
that could cause actual results to differ materially from WNCP's
historical experience and its projections. Such forward-looking
statements are inherently uncertain, and actual results may differ
from those expressed or implied in the forward- looking statements.
Consequently, readers are cautioned not to place undue reliance on
any forward-looking statements, which speak only as of the date
they are made. Contact: Wineco Productions Inc. Bill Saikal
561-963-9887 DATASOURCE: Wineco Productions, Inc. CONTACT: Bill
Saikal of Wineco Productions, Inc., +1-561-963-9887
Copyright