Borneo Resource Investments Ltd. Launches New Corporate Website
Poster: SySAdmin
Posted on January 5, 2012 at 8:42:01 AM
Borneo Resource Investments Ltd. Launches New Corporate Website
Chairman and CEO Nils Ollquist Interviewed by Stockguru.com
BOTHELL, Wash., Jan. 5, 2012 /PRNewswire/ -- Borneo Resource Investments Ltd. (OTCPK: BRNE), announced today that it has launched its new corporate website. Information regarding the company's projects, corporate strategy and management can be found at: http://www.borneore.com.
A comprehensive investor relations section is going to be implemented over the coming weeks, which will allow the Company's stakeholders to stay updated and interact directly with management.
The Company also wishes to notify stakeholders and those interested in learning more about Borneo Resource Investments Ltd., that its Chairman and CEO, Nils Ollquist was recently interviewed by Stockguru.com. The interview can be accessed at: http://stockguru.com/2012/01/04/borneo/
Mr. Ollquist commented, "We made a lot of progress in the fourth quarter of last year. Our portfolio is growing quickly, and we feel strongly that we are building what will prove to be a very valuable package of thermal coal concessions in Indonesia, a strategically advantageous jurisdiction."
He added, "As stated in a release late last year, we are already in discussions with India-based end-users of thermal coal on possible joint ventures to bring one of our concessions into production, or sell part or all of the concession. We are also moving forward on our coal trading operation, which we anticipate could deliver substantial cash flow to the Company as soon as the first quarter."
The company is preparing a comprehensive review of its progress to date, which it will issue as a press release and also as a letter to shareholders updating plans for the first quarter of 2012.
About Borneo Resource Investments Ltd. (BRNE).
Borneo Resource Investments Ltd., and through its wholly-owned subsidiary Interich International Limited, obtains mining concessions to explore and develop coal reserves primarily in the East Kalimantan region of the Republic of Indonesia.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, we are using forward looking statements when we discuss the indications that estimate the value and amount of our coal reserves. These forward-looking statements are based on the current expectations of the management of Borneo Resource Investments Ltd. only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in the price of coal, a change in the estimate of coal on our concessions, an inability to extract the coal reserves and changes in Indonesian law. Except as otherwise required by law, Borneo Resource Investments Ltd. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contacts:
Cinapsys, Inc.
Mark Moline
760-208-1894
SOURCE Borneo Resource Investments Ltd.
Borneo Resource Investments Ltd.
Web Site: http://www.borneore.com
Chairman and CEO Nils Ollquist Interviewed by Stockguru.com
BOTHELL, Wash., Jan. 5, 2012 /PRNewswire/ -- Borneo Resource Investments Ltd. (OTCPK: BRNE), announced today that it has launched its new corporate website. Information regarding the company's projects, corporate strategy and management can be found at: http://www.borneore.com.
A comprehensive investor relations section is going to be implemented over the coming weeks, which will allow the Company's stakeholders to stay updated and interact directly with management.
The Company also wishes to notify stakeholders and those interested in learning more about Borneo Resource Investments Ltd., that its Chairman and CEO, Nils Ollquist was recently interviewed by Stockguru.com. The interview can be accessed at: http://stockguru.com/2012/01/04/borneo/
Mr. Ollquist commented, "We made a lot of progress in the fourth quarter of last year. Our portfolio is growing quickly, and we feel strongly that we are building what will prove to be a very valuable package of thermal coal concessions in Indonesia, a strategically advantageous jurisdiction."
He added, "As stated in a release late last year, we are already in discussions with India-based end-users of thermal coal on possible joint ventures to bring one of our concessions into production, or sell part or all of the concession. We are also moving forward on our coal trading operation, which we anticipate could deliver substantial cash flow to the Company as soon as the first quarter."
The company is preparing a comprehensive review of its progress to date, which it will issue as a press release and also as a letter to shareholders updating plans for the first quarter of 2012.
About Borneo Resource Investments Ltd. (BRNE).
Borneo Resource Investments Ltd., and through its wholly-owned subsidiary Interich International Limited, obtains mining concessions to explore and develop coal reserves primarily in the East Kalimantan region of the Republic of Indonesia.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, we are using forward looking statements when we discuss the indications that estimate the value and amount of our coal reserves. These forward-looking statements are based on the current expectations of the management of Borneo Resource Investments Ltd. only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in the price of coal, a change in the estimate of coal on our concessions, an inability to extract the coal reserves and changes in Indonesian law. Except as otherwise required by law, Borneo Resource Investments Ltd. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contacts:
Cinapsys, Inc.
Mark Moline
760-208-1894
SOURCE Borneo Resource Investments Ltd.
Borneo Resource Investments Ltd.
Web Site: http://www.borneore.com