3Press Release
SOURCE: AZCO Mining, Inc.
AZCO Mining Retains McFarland Dewey & Co., LLC as Financial Advisor
GLENDALE, Ariz.--(BUSINESS WIRE)--Aug. 14, 2002--AZCO Mining, Inc. (AMEX:AZC - News), an industrial minerals, mining and metals company, today announced that it has retained McFarland Dewey & Co., LLC to act as its financial advisor and placement agent to assist in raising capital. ADVERTISEMENT
McFarland Dewey Engagement
The Company has engaged the New York investment banking firm of McFarland Dewey & Co., LLC to act as its financial advisor and placement agent in regards to raising capital. Funds are being sought for capital improvements to the Company's Black Canyon Mica Project, to retire existing debt and for working capital.
Lawrence Olson, Chairman and CEO of AZCO Mining, Inc. stated, "We are extremely pleased to be working with a firm like McFarland Dewey. Current market conditions do not make it feasible for smaller companies such as AZCO to adequately secure financing on their own. The retention of McFarland Dewey enables us to focus on expanding our business, while at the same time secure the funding necessary to compete and grow in today's marketplace."
To be added to AZCO Mining's investor e-mail and fax lists, please contact Mark Daugherty of Investor Relations International at mdaugherty@irintl.com.
About McFarland Dewey & Co., LLC
Since the firm's formation in 1989, McFarland Dewey & Co., LLC has served public and private companies, multinational corporations, management groups and government entities by providing totally independent advice on mergers, acquisitions, divestitures, recapitalizations and private financings. McFarland Dewey & Co., LLC also assists in raising capital for its clients as well as helping find venture or development capital for a limited number of clients. For more information on McFarland Dewey & Co., LLC, please visit the firm's website, www.mcfarlanddewey.com.
About AZCO Mining, Inc.
AZCO Mining is a U.S. mining company engaged in mining exploration and development with a general business strategy to acquire and develop mineral properties amenable to low-cost production. The Company is focused on producing Muscovite Mica from its 100 percent-owned Black Canyon Mica project in Arizona. Construction has been completed on the mica project, and limited production is underway. Marketing efforts are concentrated on the sale of mica-filled plastic pellets, developed by AZCO, to be used in the production of reinforced plastics. Feldspathic sand, produced as a by-product of mica production, is being marketed for use in stucco production, golf courses and construction sand products. Over 20 cosmetic manufacturers are testing AZCO's mica; three cosmetics companies have approved AZCO mica for use in their products; and the Company has fulfilled initial orders.
The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" 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 Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created thereby. While the Company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein. Further, the Company assumes no obligation to update or otherwise publicly revise the forward-looking information disclosed herein to reflect circumstances existing after the date hereof.
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Contact:
AZCO Mining, Inc.
Lawrence Olson, 623/935-0774
www.azco.com
or
Investor Relations International
Mark Daugherty, 818/981-5302
mdaugherty@irintl.com
www.irintl.com
or
Media One
Jamie Michaels, 407/682-4900, ext. 102
www.mediaonecorporation.com |
