FOR IMMEDIATE RELEASE
Pressnews.biz (Press Release) Dec 18, 2014
-- LOS ANGELES, CA - Today, Leone Asset Management, Inc., (Pink Sheets: LEON ) has issued a corporate update for its operations in Sierra Leone.
Tony Khodadad, President of Leone Asset stated, "As the Country and the people of Sierra Leone continue their battle with the worst Ebola outbreak in history, our employees remain strong, upbeat and ever so excited for the future of the Country and our operations. During this time of business disruption, I feel we have grown much stronger as an organization by fine-tuning our model and our business plan.
As a public company we understand the importance of communicating our intentions, plans and vision with our shareholders and the general public. At this time, we are moving forward with our audit and are planning to file our registration statement early in the first quarter of 2015 and become a fully reporting OTCBB company.
In regards to our ongoing businesses, we are currently streamlining our quarry operations and plan on beginning small-scale operations during the first quarter regardless of the Ebola situation. Our staff is dedicated to our action plan and is currently preparing for the commencement of these operations. We feel by starting these operations now, we will be in front of the curve and will be able to satisfy both government and private demands for the granite both now and once the Ebola is clear and the country is back working at 100%.
There is a very large demand for granite in Sierra Leone as well as throughout West Africa due to tremendous infrastructure development. We are quite pleased with our relationships and the structure of the projects and feel that the development of these assets will yield substantial profits to our bottom line and will increase shareholder value considerably."
About Leone Asset Management Leone Asset Management, Inc., is a U.S. corporation headquartered in Los Angeles, California. Sierra Leone subsidiary, Leone Asset Management, Ltd., operates as a government contractor as well as owning and operating a group of diversified subsidiaries that operate in mining, agriculture, real estate and development, and consult to a global client base including individuals, corporations, partnerships, institutions and governments. For additional information, visit: www.leoneasset.com
Forward-Looking Statements Disclosure: This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will" and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.
SOURCE Leone Asset Management, Inc.