NEW YORK, March 7, 2011 (GLOBE NEWSWIRE) -- El Maniel International Inc (Pink Sheets:EMLL) announced today that the Company is working towards providing full range of disclosures required for the company to be elevated to the "Current Information Tier" on the OTC Markets Group. "El Maniel will continue to provide full disclosure to its current shareholders, as well as to future investors and stakeholders, as we look forward to steady progress in increasing the company's value" according to Jamie Khoo "We will submit all required documents such as financials, disclosure documents and attorney letter in an effort to bring El Maniel's operations and financial information current to up-list on the Current Information Tier"
The OTC Markets Group maintains a strict information reporting system for non-reporting companies and rates them in accordance to transparency elements from "Caveat Emptor" to "Current Information" tiers with the Current Information tier being the highest rating with requirements including but not limited to Initial Disclosure Statements, Current financials and attorney's opinion letter. "Having current information will build a bridge between El Maniel and its shareholders where our objective is to ensure that shareholders are fully aware of how their investment dollars are being spent." states Jamie Khoo "As the Company continues to grow, shareholders will be able to comfortably follow as shareholder's value increases,"
In the recent months, El Maniel rigorously worked towards enhancing the company's transparency which was reflected in the recent press releases and also regular website updates where the authenticity of the company's efforts was clearly evident and demonstrated by the information released including but not limited to the exhibited cadastral map, gold buyer's license, digging license and visuals. "Such efforts will not be regarded as a challenge but rather an effort to ensure that comprehensive and material company information of current activities are made available as our overall initiative towards improving overall transparency, accessibility and market integrity."
El Maniel International Inc is a publicly traded company currently focused on prospecting, developing and expanding the economic potential of world class mining claims located in Ghana , West Africa and the company is committed to shareholder's value creation by ensuring constant development of current and new resources in the region. For further information and updates on El Maniel, stay tuned to
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.
CONTACT: El Maniel International, Inc Investor Relations Contact: 212-726-2179 IR@elmaniel.com