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Russell Industries is Actively Seeking Leasing and Joint Venture Partners to Work Its San Juan County Claims

Posted on: Tuesday, 14 October 2008, 09:00 CDT

Russell Industries, Inc. (Pink Sheets:RUSL), is actively seeking leasing and joint venture partners to work its 255 Unpatented Uranium and Vanadium Mining Claims located in San Juan County, Utah. "For the foreseeable future demand for uranium will grow far faster than the present world production. The successful nuclear power initiatives enjoyed by France and Japan are forcing other countries to evaluate their present dependence on coal and petroleum and their subsequent harmful environmental effects," said Rick Berman, President and CEO, Russell Industries.

According to Ron Hochstein, President and Chief Operating Officer of Denison Mines, "I foresee San Juan County being the center of the uranium industry in the United States long into the future," (taken from interview appearing in San Juan Record April 4, 2007).

The only federally-licensed and operating uranium mill in the United States is White Mesa Mill, owned by Denison Mines and is located less than 30 miles from any of the four claim ranges owned by Russell Industries

Russell Industries, a Nevada Corporation, was incorporated in 1997. The Company is a holding company that will possibly acquire assets in the energy, mining, healthcare and financial industries.

Safe Harbor

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe,""expect,""intend,""anticipate,""estimate,""project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. Investors should be aware that the Company raises equity capital by selling its stock as per SEC Regulation D, Rule 504 Exemption to Accredited Investors. One result to date of this method of financing is a large amount of issued and outstanding free trading common stock in the market.

Source: Business Wire

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