Bogota', Dec. 19, 2012 (GLOBE NEWSWIRE) -- VSUS Technologies Inc. (OTCQB: VSUT) ("VSUS" or the "Company") announced today that on December 13, 2012 they registered a PTO (Programa de Trabajo y Obras), or Works Programme with the Agencia Nacional de Mineria of Colombia for its wholly owned coal Concession Contract # ILE-09551. The registered document number is 2012-14-11180. The National Mining Agency normally approves the PTO within 30 - 60 days.
VSUS Technologies President, John Campo, commented, "Registering the PTO is a major milestone for our company since it makes our mining permit effective and allows us to begin production once it's approved along with the Environmental Plan." The Works Programme is a 208 page document that includes, among other things, geology, topography, reserve estimates, exploration activities, and a detailed mining design along with 9 geological maps and two timelines. This programme will be available to registered users on the company's new website being developed.
The programme identifies 5 coal seams; 3 are 80 cm thick with an estimated total of 4.5 Million tonnes of coal, and two are 160 cm thick with an estimated total of 10 Million tonnes of mostly metallurgical coal.
An Environmental Management Plan (PMA) is also required to begin production. VSUS Technologies is developing it's Environmental Impact Assessment (EIA) and expects to file it soon. A letter from the company's engineering firm, Incoplan S.A., was filed with the CAR (Corporación Autónoma Regional) in Guaduas, Cundinamarca on December 11, 2012 outlining the contents of the Environmental Impact Assessment for Concession Contract ILE-09551. Once the Environmental Management Plan (PMA) and the Works Program (PTO) are approved we will begin our mining operations in Guaduas, Colombia.
About VSUS Technologies Inc.
VSUS Technologies 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 14- 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. For more information on the Company visit their website at www.vsustechnologies.com
T ransportation, Logistics and Other Information
With proper financing VSUS Technologies plans to build or acquire wholly owned river loading facilities on the Magdalena River close to their mines. The coal will be trucked to these river ports, and then barged via the Magdalena River or by rail to terminals in Barranquilla, Santa Marta, or Buenaventura for export. Initially they will use existing logistics providers while their transportation projects are being developed. After the rail projects and the "Road to the Sun" project are completed, VSUS Technologies will have one of a few metallurgical coal mines in the World with river, rail, and road access to coal export terminals on both the Atlantic and Pacific Oceans.
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. VSUS Technologies, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
VSUS Technologies Inc.