Sunergy and Its Partners Complete Cash Sale of Diamonds in 2014
Press Release Source: Sunergy Inc. On Wednesday December 31, 2014
NEW YORK, NY--(Marketwired - Dec 31, 2014) - Sunergy, Inc. ("Sunergy" or "the Company") (OTC PINK: SNEY) along with our diamond partners, has delivered the initial diamond shipment to our buyer this week, successfully delivering diamonds which will generate reportable profit to our Company in 2014. Sunergy has gained local partnering arrangements in both Sierra Leone and Liberia which has now and will continue to allow Sunergy's licensed partners to have gold and diamonds for sale.
Sunergy's diamond partner has secured the appropriate documents required by the Kimberly Process Certification System/United Nations Resolution for export and has arranged for the delivery of an initial parcel of diamonds to the foreign buyer, as negotiated in recent meetings in New York. As industry protocol and safety of our partners' men and equipment and the relations involved, it is appropriate that we do not disclose the full details of the exact transaction because of confidentiality agreements and for overall security purposes. Suffice to say, this initial parcel, being the first, is geared to perfecting the process with reasonable risk rather than an attempt to maximize cash flow. Other follow up parcels will be forthcoming monthly or quarterly as the process proves itself. More detailed information will appear in our upcoming filings with the SEC.
CEO and President Garrett Hale stated that "It is my goal as CEO and President of Sunergy to deliver a cash flow positive Company to our Shareholders with the promise of generating regular quarterly revenue. I came aboard with one mission, and that was to protect our investors to my best ability and do so by providing a clear picture of our ongoing operations. Our Business Plan for Sunergy is designed to focus Company resources on the discovery and sale of precious minerals and non-mining initiatives. This initial transaction has been selected to be of adequate size to assure reasonable observations and values and more importantly with the fiduciary responsibility in mind of minimal risk taken during the company's first delivery. We plan to be involved as a partner in regular parcel sales during 2015 and beyond."
Sierra Leone: We continue to communicate and cooperate with the National Minerals Agency (NMA) and provide relevant documents with the expectation of an expeditious clarification of our current standing and fully satisfying any required formalities, if any. We also have made certain that the NMA and in country Management Team are in regular communication with each other. We have delivered Sunergy Sierra Leone Ltd corporate documents including but not limited to the, 'CERTIFICATE OF INCORPORATION ' dated June 27, 2013, ' CERTIFICATE OF BUSINESS REGISTRATION ' dated June 27, 2013, as provided from the Sierra Leone Business Registrar, and relevant mining documents and correspondences from our long time senior geologist, in Sierra Leone.
Liberia: Operations continue, and have commenced in full speed under our local management as the dry season in Liberia has arrived. Our Mining Operations Manager is moving forward with the expectation of continued success.
Our building partner, Global Builders Group, Inc. ("GBG"): Sunergy, Inc. has made a direct investment in GBG and is one of the founding shareholders. Under this arrangement, Sunergy receives a block of common shares and an override on sales in Africa for a specified term. The amount and duration of the term are dependent on the extent of Sunergy's investment but currently is expected to be for the next five years. GBG is preparing a showcase manufacturing facility in Atlanta, GA for the purpose of providing its propriety Structural Insulated Panels (SIP's) to its Joint Venture for 10,000 homes in Nigeria. More info on GBG can be found at www.globalbuildersgroupinc.com
About Sunergy: 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 have acquired a wash plant and loader in Liberia, capable of handling between 50 to 350 tons per hour of diamond and gold bearing gravels, which is planned to be shipped to Sierra Leone, contingent upon obtaining an appropriate license from NMA in Sierra Leone for its operation. In addition to our core mining activities, the Company has developed considerable relationships over the past four 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 or cash flow from Sierra Leone and 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.