SILVERDALE, Wash., March 19, 2013 /PRNewswire/ -- CGrowth Capital, Inc. (Pink Sheets: CGRA) is pleased to update shareholders on recent events and provide guidance for the next stage in operations.
CGrowth Capital CEO Bill Wright was recently a guest on The George Jarkesy show along with Jason Otteson of Noble Mining. The topic of discussion being the Cyprus banking crisis, the relationship between CGrowth Capital and Noble Mining, and the need for investors to diversify into physical metals and producers of gold and silver. The interview can be heard at http://www.georgejarkesy.com. The company will post the interview to its website when available.
The company is pleased to provide shareholders with additional updates concerning recent events and provide guidance for the next stage of the company's operations.
"This has been an extremely busy and exciting quarter for us – and the month is not over yet," stated Bill Wright, CEO of CGrowth Capital, Inc. "At the first of the year we set our goals and objectives. The Company hit the ground running. Our progress should please shareholders now and in the future as we aim to continue building confidence by delivering on our promises."
Mr. Wright continued, "Since the first of the year we have reached several major milestones. We are not a company that is just about hopes and dreams - we are a company focused on results." Some of the Company's accomplishments include:
- The reduction in our outstanding share count and placing several shareholders on lockup and leak out agreements;
- The strengthening of our relationship with Jason Otteson and Noble Mining, along with the completion of our joint assessment of our assets in Eastern Washington (http://www.noblemining.com);
- Completed purchases of over $500,000 in key equipment for the processing of material, which strengthens our balance sheet and gets us closer to our goal of revenue production;
- Executed a letter of intent on an exciting gold and diamond project in Cameroon, West Africa (http://www.kiridaresources.com/projects/Africa-Gold-Diamonds.html);
- Re-affirmed our relationship with Cedar Canyon Mining Corp. for the processing of material beginning this spring (http://www.cedarcanyonmining.com); and
- Executed a very favorable purchase and sale agreement for the land and assets that we have been targeting for the past 9 months, securing our mill site, tailing ponds, and setting the ground work for our operations.
Mr. Wright concluded, "Our major objective is to provide long term growth and value, and we are up to the task. Our next benchmark regarding our goals and objectives for the coming months include: cranking up operations and securing long term financing for future growth. Don't be surprised if we throw a few additional "nuggets" in there as well."
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining. The processing of metal ore mining is a multi-billion dollar market opportunity which is capitalized through processing, sales, contracting and licensing of assets. CGrowth Capital's services and solutions are designed to assist land owners with monetizing undervalued assets by bringing commodities such as gold and silver to market. CGrowth Capital will focus on acquiring or "claiming" land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining operations.
CGrowth Capital, Inc.
About Noble Mining, Inc.:
Noble Mining is a catalyst to the mining industry and helps navigate and explore promising investment opportunities in the precious metals industry. Precious metals are essential tools for wealth preservation. These tools, once held in low regard have once again taken on a prominent role in planning for diversification. However, just like any tool, without the right understanding and training the opportunity could be dangerous. There are companies selling gold. There are mining companies with traded stocks. There are prospecting companies offering maps and equipment. One thing is missing: A TRUSTED EXPERT. Noble Mining's Jason Otteson is your trusted expert.
About The George Jarkesy Show:
You can find out more about The George Jarkesy Show by visiting http://www.georgejarkesy.com. On the site you can Listen Live from 4-5 PM EST Monday through Friday, listen to past shows, download shows on Apple iTunes, learn about upcoming events and guests, and help the individual investor stay up to date on the need to know news.
About Jarkesy & Company
George Jarkesy is a money manager and professional investor, respected financial and corporate advisor, and radio host of the nationally syndicated 'The George Jarkesy Show'. He is a frequent market commentator and guest on FOX Business News, FOX & Friends, and CNBC. George started his career in the financial services industry with a New York Stock Exchange member. George also serves on the Finance Committee of the Republican National Committee and is an active member of the National Investment Banking Association, The Jarkesy Foundation, and Chairman of The National Eagles and Angels Association.
Associate Director of Operations
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Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
SOURCE CGrowth Capital, Inc.