Advanced Resources Group Ltd. Progress Report
Tuesday July 31 11:16 am ET--GARFIELD, N.J.--(BUSINESS WIRE)--AVRG announced today the commencement of its precious and strategic
metals assay program to further establish its existing metals value, in addition to its certified gold asset base of $152,950,000 based on current
gold price.
Further evaluation of the potential for long term precious metals and strategic metals (tungsten, rhenium, rhodium, copper, etc.) production as
well as the development of precious and strategic metals derivative programs has compelled management of AVRG to increase its level and
scope of metals production beyond just gold.
While our decision for further evaluation and appraisal of precious and strategic metals production will delay our initial small scale production
schedule, it will result in large production capacity over the short and long term as well as add the production of a broader scope of products
for market. The combined effect of this program will result in greater revenues for AVRG and a higher degree of insulation from price variation
in the market place, due to AVRG's increased production capabilities.
We anticipate that an updated production schedule, together with pro-forma cash flow projections will be available in the coming weeks.
The Company's efforts in reassessing its currently owned reserves and metals availability are being met and exceeding expectations. We need
to re-evaluate our production capacities across the entire spectrum of precious and strategic metal products. With these efforts, Management
expects total valuations to be considerably in excess of $152,950,000.
AVRG is currently in the process of evaluating the construction of additional Company owned and operated processing facilities utilizing the
AVRG environmentally sensitive technology in other areas of the country and the world. This will safeguard the Company's cash flow should
production in any one area be interrupted by conditions beyond its control.
In addition, AVRG is in discussions involving the potential sublicensing of components of its environmentally sensitive extraction technology to
companies in non-competitive markets. This will result in additional cash flow to the Company and the acquisition of potential equity interest in
other producers of precious and strategic metals.
Additional details concerning the above mentioned plans will be released by Management as the arrangements are finalized.
Management, together with its accounting firm, Moore Stephens, P.C., estimates that the required SEC compliance filings should be current
and completed by mid-August 2007.
Safe Harbor Statement
The information herein has been prepared by or for management of Advanced Resources Group Ltd. Except for the historical information
presented. The above statements are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995 or regulations there under. These forward-looking statements are subject to risks and uncertainties, and actual results may differ
materially. These risks include the economic health of the global economy, competitive pricing pressures, completion of possible acquisitions,
success at integrating and operating any acquired operations or strategic partners and the availability of necessary financing. These statements
speak only as of above date, and Advanced Resources Group Ltd disclaims any intent or obligation to update them.
Advanced Resources Group Ltd. is a public company traded under the symbol AVRG.
CONTACT: Advanced Resources Group Ltd.
Richard Dunning, CEO,
Tuesday July 31 11:16 am ET--GARFIELD, N.J.--(BUSINESS WIRE)--AVRG announced today the commencement of its precious and strategic
metals assay program to further establish its existing metals value, in addition to its certified gold asset base of $152,950,000 based on current
gold price.
Further evaluation of the potential for long term precious metals and strategic metals (tungsten, rhenium, rhodium, copper, etc.) production as
well as the development of precious and strategic metals derivative programs has compelled management of AVRG to increase its level and
scope of metals production beyond just gold.
While our decision for further evaluation and appraisal of precious and strategic metals production will delay our initial small scale production
schedule, it will result in large production capacity over the short and long term as well as add the production of a broader scope of products
for market. The combined effect of this program will result in greater revenues for AVRG and a higher degree of insulation from price variation
in the market place, due to AVRG's increased production capabilities.
We anticipate that an updated production schedule, together with pro-forma cash flow projections will be available in the coming weeks.
The Company's efforts in reassessing its currently owned reserves and metals availability are being met and exceeding expectations. We need
to re-evaluate our production capacities across the entire spectrum of precious and strategic metal products. With these efforts, Management
expects total valuations to be considerably in excess of $152,950,000.
AVRG is currently in the process of evaluating the construction of additional Company owned and operated processing facilities utilizing the
AVRG environmentally sensitive technology in other areas of the country and the world. This will safeguard the Company's cash flow should
production in any one area be interrupted by conditions beyond its control.
In addition, AVRG is in discussions involving the potential sublicensing of components of its environmentally sensitive extraction technology to
companies in non-competitive markets. This will result in additional cash flow to the Company and the acquisition of potential equity interest in
other producers of precious and strategic metals.
Additional details concerning the above mentioned plans will be released by Management as the arrangements are finalized.
Management, together with its accounting firm, Moore Stephens, P.C., estimates that the required SEC compliance filings should be current
and completed by mid-August 2007.
Safe Harbor Statement
The information herein has been prepared by or for management of Advanced Resources Group Ltd. Except for the historical information
presented. The above statements are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995 or regulations there under. These forward-looking statements are subject to risks and uncertainties, and actual results may differ
materially. These risks include the economic health of the global economy, competitive pricing pressures, completion of possible acquisitions,
success at integrating and operating any acquired operations or strategic partners and the availability of necessary financing. These statements
speak only as of above date, and Advanced Resources Group Ltd disclaims any intent or obligation to update them.
Advanced Resources Group Ltd. is a public company traded under the symbol AVRG.
CONTACT: Advanced Resources Group Ltd.
Richard Dunning, CEO,
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