Minerco Resources, Inc. Announces Secondary Related Line of Business
HOUSTON, May 9, 2012 /PRNewswire/ — Minerco Resources, Inc. (OTCQB: MINE), a progressive developer, producer and provider of clean, renewable energy solutions in Latin America, releases corporate update that it will add an additional line of business to its existing business model.
Minerco intends to expand its business model into the traditional energy markets within the United States in addition to clean, renewable energy solutions in Latin America. The company intends to leverage the expertise of its executive management. Traditional energy investments, such as oil and gas, would provide the company the opportunity to earn revenue in the short term through the purchase of minority interests in currently producing and development oil and gas properties. The properties we are currently evaluating have an estimated 30% annual return with initial capital expenditures between $50 and $100 thousand.
“We are very excited to announce the expansion of our business model into traditional energy investments such as oil and gas. This would allow us an opportunity to invest in existing production and development oil and gas properties which would allow us to earn revenue in the short term.” said V. Scott Vanis, Minerco’s President and CEO.
Please contact: Minerco Resources, Inc. firstname.lastname@example.org 281-994-4187
Safe Harbor Statement
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, to statements regarding the ability to invest in traditional oil and gas investments, anticipated revenue and rate of return to be derived from the project, the total capital expenditure of the project and our ability to secure an equity partner. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.
SOURCE Minerco Resources, Inc.