BEND, Ore., Sept. 28, 2010 (GLOBE NEWSWIRE) -- U.S. Natural Nutrients and Minerals, Inc. (OTCBB:USMN) announced today that in cooperation with its mining contractor, JNH Mining, Inc., USNM is moving recently purchased equipment to its mining site in order to increase its mining capacity to 100,000 tons per month. This move is in anticipation of major Excelerite user orders for late 2010 and 2011 and beyond.
Making this announcement, Dennis Cullison, President of USMN, stated, "The equipment purchased by USMN consists of a large portable screener designed to process 200 tons per hour, a case wheel loader with a 3 yard bucket, 2 semi tractors, heavy duty trailer with hydraulic beavertail, 6,000 lb 4x4 forklift, Cat 11,000 lb forklift, a conveyor stacker, 5,000 lb weight scale and generators having a value of approximately $200,000. The equipment will be leased back from USMN by the mining contractor and go into operation immediately." He further said, "The move to acquire this equipment not only adds to the asset side of our balance sheet, but is another source of revenue. The lease back arrangement will financially benefit USMN as well as JNH Mining, Inc."
U.S. Natural Nutrients and Minerals, Inc. ("USMN") is engaged in the sales and distribution of certain products derived from the company's mining activities relating to natural mineral deposits commonly known as a Calcium Montmorillonite. USMN products consist of agricultural soil rejuvenation, bio-remediation, aquaculture and composting accelerator products sold under the brand name EXCELERITE®. USMN is headquartered in Bend, Oregon and has executive offices in Las Vegas, Nevada. The company maintains a web site at: www.usnnm.com.
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 U.S. Natural Nutrients and Minerals, Inc., and members of 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 actual results may differ materially from those contemplated by such forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.