LAS VEGAS, Nov. 17, 2011 /PRNewswire/ -- FRANKLIN MINING, INC. (Pink Sheets: FMNJ.pk - News) is pleased to announce that the Company's CEO William Petty has signed a Strategic Alliance Agreement with Coastal Point Energy LLC's President, Thomas Hudson for the purpose of jointly developing wind projects and bringing alternative energy to Latin America, beginning with Bolivia and Paraguay, and ultimately being able to offer services to the whole of South America.
The agreement details a mutual recognition of the value of wind generated energy to the South American market, and the economic viability that alternative electrification can provide. Petty and Hudson have agreed to work together on a project by project basis as the projects are presented and anticipate that this Alliance is going to be advantageously beneficial to both parties.
Mr. Thomas Hudson is the current President of Coastal Point Energy LLC which is a swiftly emerging renewable energy company founded to design, construct, and operate wind farms. Prior to joining Coastal Point Energy as President, Mr. Hudson was the Managing Partner of the Washington, DC office of Brownstein Hyatt and Farber (Denver). Mr. Hudson practiced in the areas of federal and state legislative law, emphasizing energy, environmental, technology, telecommunications and administrative law. Prior to joining the firm, he was the Chief of Staff of US Senator John Breaux for 2 years and formerly Special Assistant to U.S. Senator Bennett Johnston. Previously, Mr. Hudson was elected to the Louisiana State Senate where he served for 12 years and was elected President Pro Tempore and Chairman of the Commerce Committee. He received his BA and JD degrees from LSU.
William Petty, President of Franklin Mining, has spent over 25 years establishing business relationships in Latin America and has developed a solid corporate track record in the Country. Recently the Company announced an agreement by which the Escala mine is to be the first mining operation in South America to incorporate revolutionary wind generated power to provide the required energy to run a mining operation.
The conversion to alternative energy resources is swiftly becoming a top priority to many operations worldwide. Companies and operations are beginning to increasingly seek environmentally friendly ways of reducing their operating cost and environmental footprint. "This partnership will be very Lucrative for the Company. With the Closest Power Grid being 26 miles from the property, we feel that there are numerous objectives that the installation of wind generated power at the Escala Mine would meet. Likewise, we know that it will come as a beneficial solution to others on the continent as well." stated Mr. William Petty, CEO and President of Franklin Mining, Inc.
About Franklin Mining, Inc. – Franklin Mining, Inc. is a publically traded international exploration and mining company, headquartered in Las Vegas, Nevada, with offices in Santa Cruz, Bolivia. The Company adheres to the highest standards of quality and efficiency by optimizing the Company's resources through a system which places the preservation of the environment among the Company's top objectives. Franklin Mining, Inc. endeavors to find value in fields in which the projects can be explored and exploited while contributing to the socio-economic and cultural development of its society. The Company has developed model mining operations through safe, cost effective and innovative technologies. Franklin Mining, Inc. has purposed to uphold a great social commitment and respect for the environment while creating a robust value for its shareholders, employees, and the region within which it operates. Additional information can be found at the Company's corporate website: www.FranklinMining.com.
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SOURCE Franklin Mining, Inc.