PATERSON, N.J.--(BUSINESS WIRE)--Quest Minerals & Mining Corp. (OTCBB:
QMMC; Frankfurt: QMNA.F), a
Kentucky based operator of energy and mineral related properties, today
announced that its previously announced 1-for-10 reverse split of its common
stock will be delayed. The reason for this delay is that the NASD has not yet
completed its review of the proposed action and has not yet assigned a new stock
symbol. Quest intends to complete the reverse stock split as soon as the NASD
has completed its review. Quest will announce when the reverse stock split will
be completed and the new stock symbol as soon as the information becomes
available.
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and
mineral related properties in the southeastern part of the United States.
Quest focuses its efforts on properties that produce quality compliance blend
coal. For more information on Quest Minerals & Mining Corp., please visit our
website at
www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Although Quest believes the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurances that its expectations will be achieved.
Factors that could cause actual results to differ from expectations include,
but are not limited to, lack of revenue producing operations, lack of working
capital, debt obligations, judgments and lien claims against Quest and certain
of its assets, difficulties in refinancing short term debt, difficulties
identifying and acquiring complementary businesses, fluctuations in coal, oil
& gas, and other energy prices, general economic conditions in markets in
which Quest does business, extensive environmental and workplace regulation by
federal and state agencies, other general risks related to its common stock,
and other uncertainties and business issues that are detailed in its filings
with the Securities and Exchange Commission.
Contact:
Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr., 973-684-0035
Source: Quest Minerals & Mining Corp.
|
