AVRG's Current Asset Base is Approaching Two Hundred Million Dollars ($200,000,000).SADDLE BROOK, N.J. -- Advanced Resources Group, Ltd. (AVRG) announced today, that the company has entered into a processing agreement with Western Precious Metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (WPM wpm abbr. words per minute wpm words per minute Noun 1. wpm - the rate at which words are produced (as in speaking or typing) words per minute ), of Silver City, New Mexico Silver City is a town in Grant County, New Mexico, in the United States. As of the 2000 census, the town population was 10,545. It is the county seat of Grant CountyGR6. The city is the home of Western New Mexico University. , to process one hundred thousand (100,000) tons of its certified gold stockpile. The agreement was executed by the parties on November 13, 2007. Under the terms & conditions of the agreement, WPM expects to commence production on or before: June 1st, 2008, at the rate of ten (10) troy ounces of 999.5 purity gold bullion Gold bullion Investment-grade, pure gold, which may be smelted into gold coins or gold bars. per day, with a guaranteed yield of two (2) troy ounces per ton. The contract requires an increase in production rate to one hundred (100) troy ounces of gold bullion per day within eighteen (18) months. Further company projections indicate the expansion of production of gold bullion through the implementation of additional agreements and facilities reaching as high as two hundred (200) ounces per day, during the same period. In addition to the above production schedule, under the terms of the agreement wpm grants AVRG the right of first refusal Right of First Refusal In general, the right of a person or company to purchase something before the offering is made available to others. Notes: For example, a football team may have the right of first refusal on a player's contract. for additional processing of one hundred thousand (100,000)-ton increments, of the remaining eight hundred thousand (800,000) tons of certified slag concentrates at the same two (2) troy ounces per ton. The agreement fixes the cost of processing to AVRG at two hundred eighty six dollars US ($286.00US) per delivered troy ounce of gold bullion, adjusted annually according to posted average costs of production nationally. President / CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Richard Dunning stated that, in essence, AVRG now has the potential to produce in excess of two million (2,000,000) troy ounces of gold bullion over the next 10 years, and has a projected asset value of over two billion dollars US ($2,000,000,000US) at current gold prices! Mr. Dunning further stated, "With gold currently trading well around eight hundred dollars US ($800.00US) per troy ounce, AVRG's current asset base is approaching two hundred million dollars US ($200,000,000US)!" For further information browse our website at: www.arglimited.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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