PATERSON, N.J., April 3, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining
Corp. (OTC BB:QMNM.OB -
News) (Frankfurt:QMNB.F
- News), a Kentucky based
operator of energy and mineral related properties, announced today that it has
acquired additional mining equipment through a lease purchase agreement in order
to manage their anticipated production demands. The equipment lease purchase
included a JOY continuous minor, a JOY shuttle car, and an SNS F488 scoop. The
company recently received a large purchase order for up to $8 million of coal
through December 2008 from Logan & Kanawha Co., LLC., a West Virginia company.
Everett Hampton, President of the company's contract mining group, White
Star Mining, LLC., stated, ``We will soon be in the production phase of our
endeavor. Quest has shown a real commitment to the project by adding this
extra equipment. We now have all of the essential tools needed to fulfill
the company's recent coal purchase order.''
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
http://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 and Mining
|
