Russell Industries Acquires American Uranium Mining Company
Posted on: Tuesday, 19 June 2007, 09:00 CDT
Russell Industries, Inc. (Pink Sheets:RSDS) announces that it has acquired American Uranium Mining Company, formerly Ithaca Industries, Inc (Pink Sheets:ITHI). The Company owns 68 Uranium Mining Claims located in the Briger Jack section, San Juan County, Utah. "This acquisition is synergistic with Russell Industries' focus on the Uranium market and will increase our holding company's assets to 322 Uranium mining claims which will now encompass 6,440 acres in San Juan County," said Rick Berman, who will be elected President and CEO. Ithaca, a publicly traded company, will continue to have its stock quoted on the pink sheet market. Russell Industries will announce the new symbol and date trading will begin in a future press release.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 322 Uranium Mining Claims as of June 19, 2007.
Safe Harbor
Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
Source: Business Wire
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