Sunergy Update: Sunergy Prepares for Diamond Parcel Shipment
Press Release Source: Sunergy Inc. On Thursday November 06, 2014
New York, NY / ACCESSWIRE / November 6, 2014 / Sunergy, Inc. ("Sunergy" or "the Company") (OTC Pink: SNEY) (SNEY), is pleased to announce the hiring of a diamond expert as official consultant to Sunergy. He is a seasoned veteran in the diamond industry with a wealth of experience and will act as the chief conduit that liaises between Sunergy and the diamond dealers. With more than 25 years of experience in the rough and polished diamond import and export business, and being an esteemed former manager of one of the 'Site Holders' for De Beers, we are extremely optimistic that our new addition to Sunergy will secure our ability to execute on diamond sales and delivery.
Sunergy CEO and President Garrett Hale finalized decisions yesterday for the appropriate transport and sale of current and future diamond parcels to the United States. Hale states, "this is an exciting and critical moment for Sunergy and it is paramount that we obtain the highest level of security and credibility for our parcels. The diamond business is relationship-intensive and rooted in trust. We believe that with the addition of our new consultant and his prominent dealer relations, Sunergy will be working with some of the best and most trusted in the world market. In addition, different markets demand different stone types, which will be vetted prior to parcel organization and transport."
Subsequent meetings will take place in New York over the next few weeks with one of the largest diamond dealers to determine which diamonds of our current scheduled parcel will be exported. Our consultant will work closely with Hale and the global diamond dealer, identifying the most desirable stones determined by (but not limited to) size, color, clarity and shape, to meet our buyer's needs.
Our Liberian crews report that the weather is continuing to improve and rains diminish enough to move the dredges into the river by mid to end of November, while continuing to work the Lofa area pit from the Winter effort.
Our Sierra Leonean crews are awaiting final approval of licensing to be issued. Local management has located the appropriate location and proper licensing to begin our dredging operation. We previously stated a substantial quantity of gold was discovered prior to the September rains, and our efforts are designed to develop this area as soon as licenses are issued. We are pleased that Sunergy will have two operations under way in known producing areas earlier than any other start time in Sunergy's history.
Ebola is a continued concern amongst all our workers, but safe practices and working at the site has prevented exposure to date. We are very proud of our team and want to praise them for their continued diligence. We feel that keeping them working at the site offers them an opportunity to work in an unaffected area and avoid having to seek work in other areas which may prove to be unsafe.
More information on our various non-mining projects will be forthcoming; Management is moving forward in full force to advance working relationships in Nigeria, Liberia and other West Africa locations.
Sunergy Inc. (OTC Pink: SNEY) (SNEY), a Nevada corporation, is a junior mining company headquartered in Scottsdale, Arizona. The Company has made a transition from an exploration only company to a company currently focused on production and cash flow. We now have four dredges operating, two in Sierra Leone and two in Liberia. We have also acquired a wash plant and loader capable of handling between 50 to 350 tons per hour of diamond and gold bearing gravels. In addition to our core mining activities, the Company has developed considerable relationships over the past 4 years which has enabled the procurement of non-mining partnerships and agency agreements with major international businesses representing Airport Security, Affordable Housing projects and Solar energy projects in the six West Africa Countries of Ghana, Sierra Leone, Liberia, Nigeria, The Gambia and Senegal. For more information, please visit www.sunergygold.com
Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, development or exploration of the Nyinahin and Pampana Mining Concessions or cash flow from Liberian mining operations.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.