From the Wires
Emerging Coal Mining Company Name and Symbol Change Becomes Official
Note to Editors: The Following Is a Research Report Press Release Being Issued by FN Media Group, LLC
By: Marketwired .
Jan. 24, 2013 09:25 AM
CORAL SPRINGS, FL -- (Marketwire) -- 01/24/13 -- FN Media Group, LLC and its online brand, FinancialNewsMedia.com, is a leading provider of Financial Public Relations and Corporate News Dissemination Services for underserved companies in the microcap and small cap markets. FinancialNewsMedia.com continues coverage for VSUS Technologies, Inc. (OTCQB: VSUT) now known as New Colombia Resources, Inc. (OTCQB: NEWC).
The official name change for VSUS Technologies, Inc. has taken place along with its trading symbol. The company name is now New Colombia Resources, Inc. trading under the ticker symbol -- (OTCQB: NEWC). For details see: http://www.otcmarkets.com/stock/NEWC/company-info.
"Since we are now in a position to reach production as soon as possible, I felt a name change was necessary. Colombia is an emerging country with many available resources that we have the ability to acquire. Being from Colombia gives us certain advantages. These next few weeks should be very exciting for our growing company and its shareholders," stated John Campo, President of New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties in the Republic of Colombia. They own 100% of La Tabaquera mine in Colombia with an estimated 15-17 MM tonnes of reserves, 70% metallurgical and 30% thermal coal. Once the necessary financing is obtained, the Company plans to have three revenue producing business units in Colombia: coal mining, coking oven facilities, docks, river, and rail transportation to export terminals in Colombia. The Company is also exploring allegiances with U.S. universities to study capturing Coal Bed Methane (CBM) in Colombia.
Coal Production Outlook:
Despite the fact that 2012 resulted in a challenging year for the coal industry, some industry analysts believe 2013 is in a much better position to be a more productive year. Analysts believe the rising natural gas prices, expected increase in Chinese coal demand and better coal inventory management could be sufficient reasons for a better 2013.
U.S. electricity generators consume a significant amount of coal, hence as natural gas prices will rise, coal consumption by the U.S. power generator will also go up giving support to coal prices. According to EIA projections, natural gas prices will rebound in 2013, which could lead to coal consumption for electricity generation will increase. Also, the U.S. coal supply is improving as it was down 6.3% in 2012 and expected to drop further by 3.6% in 2013, which will reduce the U.S. coal stock and support coal prices. Moreover, coal prices will recover as demand for coal increases in global markets. China, which is among the leading coal consumers in the world, is expected to increase coal demand in 2013, according to RBC Capital.
Globally, many analysts predict coal will actually overtake oil to become the world's single-largest power source over the next five years, thanks to strong growth in demand from world markets including China and India. The critical point for individual investors is to find the stable and secure players in the coal sector -- companies like New Colombia Resources, Inc. (OTCQB: NEWC).
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DISCLAIMER: FN Media Group LLC (FNMG) is third party publishing service provider, owns and operates FinancialNewsMedia.com (FNM) which disseminates electronic information through multiple online media channels. FNMG's intended purposes are to deliver market updates and news alerts issued from private and publicly trading companies as well as providing coverage and increased awareness for companies that issue press to the public via online newswires. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. Information in this release is derived from a variety of sources that may or may not include the referenced company's publicly disseminated information. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. While this information is believed to be reliable, such reliability cannot be guaranteed. FNMG disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. This release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.
To comply with Section 17(b) of the Securities Act of 1933, FNMG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release. For disseminating this release, FNMG was not compensated for this release but expects future compensation for future news coverage of New Colombia Resources, Inc. (OTCQB: NEWC) at which time FNMG will make full disclosure of any received compensation. FNMG HOLDS NO SHARES OF New Colombia Resources, Inc. (OTCQB: NEWC).
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