Jefferson A Bootes, President, interviewed by Investors Magazine
tvontheweb.com
Friday April 23, 11:03 EST
From: John Andersen [aikox2@yahoo.com]
To: JAB Shareholder
Subject: Shareholder News April 23, 1999 11:03 Eastern Time
ORLANDO, FLA. (April 23) BUSINESS WIRE -April 23, 1999--J.A.B. International, Inc. (OTC BB: BCMDD) announced Friday that it expects to begin mining operations at its properties in the Central African Republic (CAR) within 60 days.
Heavy equipment is being acquired for extracting dirt and gravel. Initial extraction will be done by machine and by manual labor with expected monthly gross revenues of up to $250,000.
Meanwhile, financing and logistics are underway for construction of a full-scale processing plant for the company's N'Zako River mining project site, which is expected to be completed in 120 days. This plant can mechanically process up to 75 cubic meters of material per hour. Based on initial testing having located 0.23 carats of diamonds and 0.2 grams of gold per cubic meter of ground tested at this site, this plant, once fully operational, is capable of yielding up to 5,000 carats of diamonds and 4,000 grams of gold per month. With an average gross sales price of approximately $220 per carat of diamonds, the company anticipates to generate approximately $1.1 million in revenues per month from this site. Additional process plants will be constructed in the future on other prime locations of the company's 3,500 square kilometer mining concern in the CAR, one of the top 10 diamond production areas in the world.
The Central African Republic is a former French colony noted for its stable democratic government and its continuing close ties to France.
"Our unique ability to operate successfully in one of the richest diamond and gold locations on the planet is a tremendous advantage," said Jefferson A. Bootes, chairman and president of J.A.B. International Inc. "This virgin territory that has a unique geography and land configuration we feel will yield high levels of gold and diamonds."
The discussion in this statement regarding the Company and its business and operations includes "forward-looking statements". Such statements consist of any statement other than a recitation of historical fact, and can be identified by the use of forward-looking terminology such as "may", "expect", "anticipate", "estimate", or "continue", or the negative thereof or other variations thereon or comparable terminology. Forward-looking statements are necessarily speculative, and there are certain risks and uncertainties that could cause actual events or results to differ materially from those referred to in such forward-looking statements. The Company does not have a policy of updating or revising forward-looking statements; thus, it should not be assumed that silence by management of the Company over time means that actual events are bearing out as estimated in such forward-looking statements.
Contact: J.A.B. International, Inc., Orlando
Jefferson A. Bootes, President
JBootes@GRBnet.com
Phone : 407/829-4433
jabinternational.com |
