NEW YORK, Sept. 23, 2011 (GLOBE NEWSWIRE) -- El Maniel International, Inc. (Pink Sheets:EMLL) announced today that the Company plans to intensify its gold trading division by expanding its resource base to the neighboring countries of Ghana, West Africa.
"We are very excited with the opportunities ahead of our gold trading arm as we had achieved significant milestones of successful shipments of $8 million worth of gold ore to our designated refineries in Hong Kong and Thailand during the initial 6 months of operations," according to Jamie Khoo, CEO of El Maniel International, Inc.
"The continuous increase in world demand for gold coupled with its exponential increase in gold prices warrants our belief that this business will continue to be very lucrative and robust for the next couple of years, and specifically the next 6 months will be very interesting for us as we expect to at least double the total shipment values from the initial 6 months," added Jamie Khoo. "We are confident that we can ramp up our operations to generate higher revenues so as to significantly increase our bottom line as we are already expanding our network of resource base to neighboring countries including but not limited to Mali, Sierra Leone as well as Burkina Faso."
About El Maniel International, Inc.:
El Maniel International Inc is a publicly traded company currently focusing in the gold business domain including but not limited to trading, prospecting, developing and expanding the economic potential of its world class mining claims and the company is committed in creating shareholder's value by ensuring constant development of current and new resources in its global gold business domain. For further information and updates, visit www.elmaniel.com
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risk and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.
CONTACT: Investor Relations El Maniel International, Inc (212) 726-2179 email@example.com