Plateau Mineral Development, Inc. (Pinksheets: PMDP) is turning over a new leaf, at least according to the company’s latest news release.
Plateau Mineral Announces New Operations, Business Plan, and Executive Team
FORT WALTON BEACH, FL- (12/14/10) – Plateau Mineral Development, Inc. (Pinksheets:PMDP – News) announced the adoption of a new business plan and complete replacement of current operations.
In the coming days, a new Board and Executive team will be announced, together with the Plateau Mineral’s 2011 Business Plan. All current and unprofitable natural gas operations or opportunities are hereby divested. In their place the company has acquired various precious metal production, shipping, surety, and arbitrage operations. Current consolidated revenues of the combined operations exceed USD$24,000,000, are profitable, and have pro forma 2011 projections based on current executed contracts well in excess of this amount. Formal projections and revenue estimates will be released as part of the Company’s regular disclosure.
The Company’s new operations consist of the following key components:
– Precious metal international shipping and arbitrage
– Risk surety services for trans-shipping and precious metals exchange and arbitrage
– Acquisition and development of precious metal production properties
– Online international marketplace operations for direct purchase, sale, ownership and storage of smaller quantity precious metals
Shareholders are advised that changes announced are the result of a private change of control and the Company will not be changing its name and the transaction does not involve a reverse split to achieve its plan. No new shares have, or will be, issued as part of this transaction.
The Company will file complete disclosures and financial statements in order to immediately bring the Company to ‘current information’ reporting status with the OTC Disclosure service. The Company intends to complete its USA-compliant financial audits and register its securities with the US Securities and Exchange Commission.
The Company will issue a series of disclosure press releases describing each operational category, current revenue, and projections for each.
The Company will soon issue a press release disclosing marketing strategies, web sites, and office and contact information for its various operations worldwide.
Elsewhere, MedClean Technologies, Inc. (OTCBB: MCLN) has jumped on enthusiam over a $700,000 sales contract.
MedClean Technologies Signs $700,000 Contract With Sunbelt Medical Services, Inc. for MedClean 4500 Fixed-Based System, Services, and Consumables
BETHEL, Conn., Dec. 14, 2010 /PRNewswire-FirstCall/ — MedClean Technologies (OTC Bulletin Board:MCLN.ob – News), the leading provider of onsite technology for the treatment and disposal of medical waste and the destruction of confidential documents and related media, today announced it has signed an agreement with Sunbelt Medical Services, Inc., one of its distributors, for the purchase of a MedClean 4500 fixed-based sterilization system.
The agreement includes the purchase of the equipment valued at slightly more than $700,000 plus additional recurring consumable orders for the life of the equipment, estimated to be over 10 years. Sunbelt will expand its operations to include a centralized waste sterilization processing center within the Southeast region.
“Sunbelt represents our third sale occurring within a significantly reduced sales cycle timeline since mid-year to a distributor partner which also provides waste transportation services,” commented David Laky, President and CEO of MedClean Technologies, Inc. “We have identified and executed on a need in this marketplace; regional processing centers that provide quality service at reduced prices versus the traditional large processor who can set market prices at rates that represent a disadvantaged position for the local transporter. Sunbelt is another high-quality strategic partner with a president and CEO who has more than 20 years of experience in the market. Sunbelt will offer processing services to other regional haulers and will also assist MedClean with regional service support as well as ongoing Preventive Maintenance obligations throughout the southeastern region. This relationship represents a very exciting opportunity to MedClean.”
“The Agreement provides the basis for an extremely positive start to the first half of 2011 and also positions MedClean to meet our projected 2011 revenue goals as well,” continued Mr. Laky. “Our backlog increases from $1.9 million, as reported in our 2010 third quarter 10Q, to $2.6 million. Our recurring revenue from the use of consumables represents another $2,500 to $3,500 per month over the life of the equipment and our overall service expenses will actually be reduced through the use of Sunbelt’s regional service technicians when used on local service calls throughout the region. Our strategic plan to build a network of regional processing centers throughout North America continues to be validated through our recent successes. Historically, distributors ramp up over a six- to nine-month period and we expect to continue to see orders placed by the early adopters after that initial ramp-up period as well. We are extremely pleased that we can assist in building value for the local independent waste transporter while at the same time provide alternative prices at superior price points for the waste generators. We will continue to focus on our relationship with the IMWTA as the stepping stone to building these regional processing hubs as we establish a national organization for the transportation and processing of medical waste.”
“The development of a processing center using the MedClean 4500 system enables us to reduce operating costs while better serving our customers within the region,” commented Doug Sayers, President and CEO at Sunbelt Medical Services, Inc. “We are actively working with other regional transporters to provide services that are local to their businesses at fair prices. Adding processing capabilities that reduce overall operating expenses, generating a new revenue stream from processing other regional haulers’ waste, and being able to rely on consistent and timely access to processing capabilities, will not only improve quality of service, but will also increase the overall value of my business.”
About Sunbelt Medical Services, Inc.
Founded in 1989, Sunbelt Medical Services, Inc. is dedicated to servicing the growing medical waste disposal needs of the medical community in Georgia, North and South Carolina. Sunbelt’s approach is to accommodate their client’s waste needs with service plans designed to safely and efficiently remove regulated medical waste at the best possible price. Sunbelt’s excellent service has been the cornerstone for keeping their customers satisfied for more than 20 years.
Douglas Sayers formed Sunbelt Medical and developed the Company into a well-established medical waste transporter capable of addressing the varying waste streams of its customers throughout the Southeastern region of the United States. With over 4,000 customers, and over 80,000 pounds of RMW per month already being transported under his management, Doug is an expert in the Medical Waste business.
Clean Coal Technologies, Inc. (Pinksheets: CCTC) is also making its mark this trading session by posting above-average volume following a Memorandum of Understanding (MOU) agreement, whereby another company is licensing their technology for $1.5M.
Clean Coal Technologies Signs MOU for $1.5M Technology License Agreement
CORAL SPRINGS, Fla.–(BUSINESS WIRE)– Clean Coal Technologies, Inc., CCTI, (PINKSHEETS: CCTC), a clean energy technology company with executive offices in Manhattan, New York, today announced the signing of an MOU for its first Technology License and Royalty Agreement.
The Company today announced the signing of a Memorandum of Understanding (MOU) with the Huamin Senior Fund Holding Group Co., Ltd., for its first technology license and royalty agreement to build an initial clean coal facility with a capacity of 1.5M tons in China. Under the terms of the MOU, contractual discussions will commence within the next 45 days, with a mutually agreed target date for contract signing within a further 30 days. Under the proposed contract, Huamin will provide funding for all infrastructure development, coal assets, administration, and technical resources. Huamin will contract directly with Benham for the engineering design, procurement and construction of the new facility.
Huamin is a government institution which falls under the China National Working Committee on Ageing (“CNWCA”) which is headed by the Vice Premier of the State Council, Mr. Hui Liangyu who is also a member of the Political Bureau of the Communist Party of China (“CPC”) Central Committee. Huamin is responsible for managing the retirement funds of all Chinese government workers. Under its charter, Huamin is authorized to invest its funds in a limited number of government-approved initiatives, one of which is coal enrichment.
CCTI will receive one-time license fees of $1.0M per million tons of production, and an ongoing royalty fee for each ton of clean coal produced. Initial revenues will be $500K at the time of feasibility study submission to the local technical institutes; a further $500K six months thereafter, and the final installment of $500K once initial production commences. As this is a license/royalty agreement as compared to a joint venture agreement, Huamin anticipates an accelerated approval process which should not exceed six months, particularly as the majority of the government requirements have previously been developed and accepted for CCTI’s Inner Mongolia project.
This transaction represents several months of discussions between the associated parties, and will provide significant value to CCTI. The sale of licensing & royalty agreements is the Company’s preferred business model as it alleviates many of the complexities associated with other capital intensive structures and liabilities that are absent in this approach. The Company will post a copy of the referred MOU on its website.
Robin Eves, CCTI Chief Executive Officer and member of the Board of Directors of the Company, says, “Having Huamin as a licensee immediately moves the prominence of our China activities from that of a local regional initiative to one supported and sponsored by the Chinese Central government, and therefore assures the project’s access to funding, coupled to the appropriate project management and oversight resources necessary for its success. It also reflects the strategic importance being placed on coal benefaction in China, and CCTI’s prominent position in the process at a time when coal reserves are increasingly being awarded only on the basis of the availability of complementary technologies to improve their value.”
Separately, the Company advised that since receiving its final approvals in October, 26, 2010 for its Inner Mongolia project, CCTI has been working with its joint venture partner, Sino Mongolian Railroad, to warrant that, as the minority partner, the interests of the company and its investors are protected by ensuring that certain contractual obligations and revenue guarantees are realized.