To: Mr Metals who wrote (34269 ) 9/1/1999 4:37:00 PM From: Currency Respond to of 34592
New Direction for J.A.B. International; Diamonds, Gold and Now Silica!! Business Editors ORLANDO, Fla.--(BUSINESS WIRE)--Sept. 1, 1999--J.A.B. International, Inc. (OTC BB:JABI) has worldwide mining operations in the Central African Republic (CAR), Honduras, and Northern California. JAB's Chairman and CEO Jefferson Adams Bootes, announced today a new direction for their Northern California properties. JAB will start Silica production on their Gardners Point Property. The property has an estimated 32 million tons of silica sand that is used in microchip manufacturing. The Silica reserves have a gross value of over $1.4 Billion. JAB expects to begin operation with a production of 5,000 tons per month. JAB further expects an increase of this rate to 15,000 tons per month by the second Quarter of the year 2000. JAB is still preparing to start diamond operations in the Central African Republic (CAR) by the end of 1999. This information will be included in a broker fax from Corporate Public Relations, Inc. 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. --30--pp/mi* CONTACT: Corporate Public Relations, Inc., Orlando William P.A. Howells, 800/631-0123 Or go to jabinternational.com KEYWORD: FLORIDA CALIFORNIA INTERNATIONAL AFRICA/MIDDLE EAST LATIN AMERICA INDUSTRY KEYWORD: MINING/METALS BANKING ENTERTAINMENT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com