CEO Letter to Texas Wyoming Drilling, Inc. Shareholders
LAS VEGAS, Sept. 1, 2011 /PRNewswire/ — Texas Wyoming Drilling, Inc. (OTC:TWDL) is publishing the following CEO Letter to Shareholders and potential shareholders:
What have we done well for our shareholders? What can we do better? What are our hopes for the future? The management of our company is committed to delivering a successful gold mining company. I wish to share updates on some of the most frequently asked questions.
Is TWDL going to the next level on the OTC Markets.com? We plan to go to the next level. We have currently engaged three CPAs to complete our audit: Anne Petty, CPA; TWDL former Accountant has turned over all records to: Ben Larsen, CPA; and Kirk Gibb, PCAOB, CPA. Mr. Larsen has acted as Chief Financial Officer for public corporations. He is presently preparing the TWDL audit and a report in Compliance with SEC guidelines. Mr. Gibb has been hired to certify the audit. We can’t be sure how long this process will take, but we look forward to being fully reporting and more transparent.
What happened with the geologist that TWDL originally announced the company had hired? TWDL previously contracted with Fred Johnson, P.G., who resigned because of previous commitments with another mining company. That company wanted him to devote his efforts solely to them, so he regretfully resigned. As a result, the company subsequently hired R.J. Johnson, P.G. as the Consulting Geologist. He is also a Water Resources and Environmental Specialist. Mr. R.J. Johnson employs a strict code of ethics and he will conduct all of the analytical studies on our Yellow Jacket and Blue Jacket properties. This effort is being undertaken to help us reach the goals set in our business plan to mine precious metals. His work will take place in several stages. Upon approval from Mr. Johnson, results will be released to our shareholders.
What is the status of the precious metal mining? We have retained R.J. Johnson, P.G. to assist us with the identification of our options related to our gold and other precious metal reserves, related to the mining, extraction, processing and generation of revenues. Once Mr. Johnson’s initial reports are prepared, we will be able to identify the specific needs for funding to move from mining exploration to production.
Why is TWDL having a Canadian NI 43-101 completed? The reason we are asking the geologist to do a NI 43-101 is because this is one of the few gold standards for valuating a mineral property other than the Australian Stock Exchange JORC Code and the SAMREC South African Code. Although it is specific to Canadian standards, it is regarded as an ideal method to assure disclosure scientific and technical information regarding precious metals on this or any other property.
What has happened with the water project? TWDL is announcing that the Vita-BreezzÃ‚® Vitamin Water Project is very much intact and moving forward. TWDL has signed a Confidentiality Agreement with a major beverage bottler. It has also had numerous discussions with the owner of a bottling plant in Southern Utah regarding the lease or purchase of that facility. Initial formulas for the Vitamin Water are completed and steps are under way to test retail in Nevada. We are presently seeking additional financing to assist with the completion of the flavoring packaging, labeling, bar coding, and nutritional information testing and verification. Further updates and corporate contracts will be released at the proper time.
Has TWDL filed for bankruptcy? Absolutely not, but a Texas Corporation with the same name did file for bankruptcy. TWDL is a Delaware Corporation.
What areas are generating TWDL’s sales today? While we continue to further develop our flavored water and precious metal operations, we are actively mining, processing and selling calcium carbonate and decorative rock.
In spite of unanticipated delays, TWDL is moving ahead with the expectation that the reports from the geologist will be positive. Management anticipates that the Company will reach some major milestones during the fourth quarter of 2011.
Sincerely, Alfredo Navarro, Sr., CEO
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Texas Wyoming Drilling, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
Media and Investor Relations Contact:
Phone: (415) 342-1779
SOURCE Texas Wyoming Drilling, Inc.