Construction Materials Consultants, Releases Initial Valuation Documents on Monsoon Gypsum Asset.PARLIER, Calif.--(BUSINESS WIRE)--Sept. 28, 1999-- Monsoon International Manufacturing & Distribution Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:MIMF MIMF Musical Instrument Makers Forum MIMF Midland Irish Music Festival ) announced Tuesday that initial valuation figures have been released for the Blue Ridge Blue Ridge, eastern range of the Appalachian Mts., extending south from S Pa. to N Ga.; highest mountains in the E United States. Mt. Mitchell, 6,684 ft (2,037 m) high, is the tallest peak. Beginning with a narrow ridge in the north, c. claim block on their gypsum gypsum (jĭp`səm), mineral composed of calcium sulfate (calcium, sulfur, and oxygen) with two molecules of water, CaSO4·2H2O. It is the most common sulfate mineral, occurring in many places in a variety of forms. asset north of Las Vegas, Nev. The ongoing appraisal work is contracted with Construction Material Consultants of Scottsdale, Ariz. CMC (Common Messaging Calls) A programming interface specified by the XAPIA as the standard messaging API for X.400 and other messaging systems. CMC is intended to provide a common API for applications that want to become mail enabled. 1. has worked with many major international industrial minerals organizations and their work is considered some of the finest in the industry. CMC will continue to update the valuation of Monsoon's holdings as the acquisition and exploration program expands; and as current and additional field and laboratory data becomes available. CMC has initially appraised the Gross Fair Market Value (processed) of the drill proven reserves for the Blue Ridge claim block at $22,094,193. The drill indicated in-situ geological resource valuation, along with forthcoming full chemists for the higher grades which are not calculated into this appraisal, may increase the claim block valuation several fold. As this data becomes available Monsoon will immediately update. The initial appraisal work represents a fraction of Monsoon's current land position in the area, an additional major acquisitions are slated over the next several months which will increase Monsoon's gypsum resource inventories many fold. The Blue Ridge claim block is being extensively drilled and sampled with over 1400 LOI LOI Letter of Indemnity (international trade and carriage business) LOI Letter Of Intent LOI Loss On Ignition LOI Letter of Inquiry LOI Lack Of Information LOI Lack of Interest LOI Letter of Invitation LOI List Of Items tests completed to date to determine the initial quantitative and qualitative values of the deposit. Additional chemistries are being completed which will considerably enhance the current Blue Ridge claim block appraisal. The advanced analytical work will be completed over the next few weeks by ACTLABS of Tucson, Ariz. The ASTM ASTM abbr. American Society for Testing and Materials full chemistries will further define the applications and values for the higher grade gypsum inventories. At this writing, the certified accounting process is well on its way to being completed to allow Monsoon International to become a fully reporting company, and we have engaged our legal council to proceed with the form 10 filing, with an ultimate goal of becoming a NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on listed company. More news as it develops. Statements in this news release may contain forward-looking information within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the 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. created by those sections. All statements, other than statements of historical fact, included in this release, including without limitation, statements regarding statements that involve risks and uncertainties. There can be no assurance that statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Monsoon International Manufacturing & Distribution assumes no obligations to update information contained in this release. |
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