S2C Global In Negotiations to Acquire Iron Ore Property and Corporate Update
SCOTTSDALE, Ariz., Oct. 29, 2013 /PRNewswire/ -- S2C Global Systems, Inc. and its wholly owned subsidiary S2C Global Resources (PINKSHEETS: STWG) ("the "Company") are pleased to announce an update to shareholders.
Over the previous 8 months, S2C Global has been working diligently to complete the transition into mining exploration and production. While we are aware there may be frustration at the pace of this progression, it is our mission that shareholders will soon be rewarded for their patience. The Company has made significant strides towards improving the financial and operational health of the organization and is optimistic that S2C Global will make a significant acquisition before the end of the year. We are currently in negotiations to acquire 100% ownership in an iron ore property located in the Mexican state of Michoacán. While details of these negotiations cannot be released at this time, the property is a historical producer and is well situated near the Port of Lazaro Cardenas, the largest seaport in Mexico located on the Pacific coastline.
In addition to these corporate developments, management is currently weighing various financing offers to fund operations of the proposed acquisition. Generally and going forward, it is the priority of management to secure adequate financing that facilitates the efforts of the Company to become a mid-tier mineral producer over the next 5 years.
We encourage all new and existing shareholders to contact the Company through our website or to phone our shareholder communications line. The Company will also be implementing some improvements to its communications infrastructure during the month of November. S2C Global is currently in the midst of an exciting change, and we look forward to developing a strong, growing business that shareholders are proud to own.
President & CEO
For further information regarding S2C Global (STWG) visit our website at www.s2cglobalresources.com or contact us at (480) 305-2047
About the Company:
S2C Global Resources (STWG) is in the business of extracting both base and precious metals from known resource deposits primarily in the ore rich regions of Mexico. STWG is able to provide the technical expertise, knowledge of the local business environment and funding required for bringing existing undercapitalized small-scale mining operations into full production utilizing economies of scale to provide maximum return to our shareholders.
Safe Harbor Statement This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including but not limited to statements containing the words "will," "believes," "plans," "anticipates," "expects," "look forward," "estimates" and similar expressions) should be considered to be forward-looking statements and the safe harbor provisions of said Act do not apply to an issuer that issues penny stock. Actual results may differ materially from those indicated by such forward- looking statements as a result of various important factors including, among others, competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. We do not assume any obligation to update any forward-looking statements.
Investor Relations / Daniel Roth
SOURCE S2C Global Systems, Inc.