NEW YORK, May 5, 2011 (GLOBE NEWSWIRE) -- El Maniel International, Inc (Pink Sheets:EMLL) announced today that the Company has entered into advance negotiations to acquire more gold properties in Ghana, Western Africa. "We are currently negotiating terms with the owners of the gold mining claims and after recent site visits, we concluded that the properties have merits such as good accessibility for us to move forward" according to Jamie Khoo, CEO of El Maniel International, Inc "The new gold properties are alluvial and situated in the Central Region along the Offin river and also next to the Birim river in the Eastern Region of Ghana, West Africa".
"We believe that there are substantial gold deposits in these new prospects and we are looking forward to the opportunities of acquiring more gold properties in the West African region to capitalize on the exponential rise in gold prices that also increases the prospective value of our African assets" states Jamie Khoo "We remain on-course in our progress and we are very confident in achieving our top-line targets."
We will continue pursuing our efforts in keeping shareholders informed of our business endeavors and as mentioned in our recent press release on March 7, 2011 El Maniel International, Inc is moving towards the "Current Information Tier" status on the OTC Markets and our Initial Company Information and Disclosure Statement was filed with the OTC Markets for the up-listing on May 2, 2011. For latest updates on El Maniel, stay tuned to our new website via www.elmaniel.com
El Maniel International, Inc is a publicly traded company currently focusing in the gold business domain including but not limited to trading, prospecting, developing and expanding the economic potential of world class mining claims located in Ghana, West Africa and the company is committed in creating shareholder's value by ensuring constant development of current and new resources in the region.
"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