Wineco Productions Inc. Announces Quarterly Shareholder Update
2006年8月11日 - 3:35AM
PRニュース・ワイアー (英語)
SUNRISE, Fla., Aug. 10 /PRNewswire-FirstCall/ -- Wineco Productions
Inc. (OTC:WNCP) has received numerous enquires from its
shareholders regarding the progress of the company. The following
have been achieved during this period. * Wineco completed a 14 to 1
forward split which will create more liquidity and increase
shareholder value. * Wineco filed Forms 9 and 15c-211 with the NASD
* Gold nuggets at the Winnemucca mine reported that the accrued
stream wash exceeded expectation approximately 25%. * The average
nugget exceeded 1/2 oz per piece. Collection from 5-55 gallon drums
of mine tailings exceeded 2 1/2 lbs of placer gold at 68% purity.
The micron samples from the tailing accrual are averaging
approximately 3 oz's gold per ton, and 2.5 oz platinum per ton.
Management believes full production should increase overall
production by at least 4 times the present test runs. * Wineco
anticipates beginning its platinum and gold production operations
at a second Nevada mine by the end of the year. Tests results
indicated less than 2 oz of gold per ton and 5 oz of platinum per
ton. * Wineco will finalize its first oil production contract in
late August. The Arco test well on the adjacent property resulted
in 140 barrels of oil per day and 1,400,000 cu. ft. of gas per day.
* The company cancelled its dealings with ERC computer salvage
firm. Winco has recalled the stock issued to ERC. ERC fail to meet
production requirements that were stipulated in our agreement. *
Wineco is in the process of building a large scale test lab and is
seeking joint venture agreements with both precious metals mining
operations and will re-open up to 50 old oil wells as quickly as
wells are acquired. * Wineco has entered into a consulting
agreement with Mr. Paul Jones. Paul will also supervise, oversee
and direct all Wineco mining operations. He has approximately 20
years experience in mining reclamation and chemical processing.
About Wineco Productions Inc., Wineco is in the process of
acquiring mining properties that show recoverable "Nobel Metals."
The various properties are for the most part, mines that have been
worked in earlier times. Working these mines have left tons of
"Tailings" that contain valuable material. The company will process
the material that had already been mined and that material is
referred to as "Tailings." These tailings yielding better
extraction of Noble Metals through advanced equipment.
http://www.winecoproductions.com/ Wineco is in final negotiations
to acquired the mine tailing from World Wide Consulting. The
tailings consist of approximately 1 million tons and are very
prolific in platinates. World Wide Consulting is the first of 5
companies that Wineco is in negotiations with. All companies have
shown excellent results in their tailings. Wineco has proven its
test in chemical extraction of platinum in addition to its
previously proven micron gold extraction process. This media
release may contain forward-looking statements regarding but not
limited to management, market potential, distributor success,
market size, international sales, including statements regarding
the intent, belief or current expectations of Wineco Productions
Inc. and uncertainties that could materially affect actual results.
Investors should refer to documents that the Company intends to
file with the SEC for a description of certain factors that could
change actual results. Investors should refer to factors that could
cause actual results to vary from current expectations and the
forward looking statements contained in this media release.
Contact: Wineco Productions Inc. James Logan President 954 575-7296
or 954 316-1326 DATASOURCE: Wineco Productions Inc. CONTACT: James
Logan, President of Wineco Productions Inc., +1-954-575-7296, or
+1-954-316-1326 Web site: http://www.winecoproductions.com/
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