ALERT! (MYGD) Money Guild Inc. Announces Joint
Venture
NEW YORK, Nov. 25 /PRNewswire/ -- Money Guild Inc. (the Company), is pleased to
announce that it has signed a Letter of Interest with VEAMCO, CA. of Venezuela to acquire a
50% interest in their 355,000 acre wood cutting lease agreement which is leased by VEAMCO in
neighboring Guyana. The Letter of Interest is the prerequisite to a 50/50 Joint Venture Agreement
that is proposed between Money Guild Inc., and VEAMCO. Additionally, because of the close
proximity to Venezuela, VEAMCO has documented permission to transport the lumber from
Guyana through Venezuela and also has documented cutting rights to immediately harvest the timber
within its lease.
VEAMCO, CA.:
VEAMCO, CA. is a Venezuelan-American Company licensed and registered as an Import-Export
Company in Venezuela. The Company holds timber and gold concessions in both the countries of
Venezuela and Guyana and owns Makapta Woods Limited with offices in Georgetown, Guyana
and Maboca Maderas, CA., a Venezuelan Company with offices in Puerto Ordaz, Venezuela.
Commenting on the joint venture, Mr. Tony D. Lanham, serving as President and CEO of
VEAMCO, CA. states, ''I am elated with our new association with Money Guild Inc. With the
synergies created by the depth of Money Guild Inc. we anticipate that our goals of model
production programs and harvest to target market will be reached far earlier than anticipated with
the public market expertise provided by our new partners.'' Mr. David Phipps, Director and
Secretary of Money Guild Inc. states, ''It is our belief that the hands on project development policy
and ethical eco-management of the farsighted VEAMCO management team will serve our
shareholders well in both the near and long term.''
TIMBER CRUISE:
Money Guild Inc. has authored a ''Timber Cruise'' on an initial 10,000 acres of the 355,000 acres
of the Guyana concession in order to quantify and qualify the types of wood and approximate
densities per acre. Forestry Engineers, independent of both Companies are presently conducting the
timber cruise. The results of this timber cruise should be available within 10 days and will be
released to the public as soon as they are available.
HARDWOOD BUYERS:
Money Guild Inc. bas received expressions of interest from several prospective buyers with respect
to the purchase of product. It is the Company's intent to have a primary buyer with up to five or six
secondary buyers to ensure continuous harvest to market flow.
The principle objective of Money Guild Inc., is to enhance shareholder value through development
and production of their exotic hardwood, mineral, and granite projects to maximum potential while
ensuring sound eco-management and conservative conservation practices.
For investor relations, please contact Denis Diggins at 905-892-1582.
ON BEHALF OF THE BOARD
"David Phipps"
Per. David Phipps
Note: This news release may contain certain ''forward-looking statements'' within the meaning of
the United States Securities Exchange Act of 1934, as amended. All statements, other than
statements of historical fact, included in this release, including, without limitation, statements
regarding potential mineralization and reserves, exploration results, and future plans and objectives
of Money Guild Inc., are forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and actual results and
future results could differ materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from the Company's expectations are disclosed under
the heading ''Risk Factors'' and elsewhere in documents filed from time to time with the United
States Securities and Exchange Commission and other regulatory authorities.
SOURCE: Money Guild Inc.
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