NEW YORK, November 5, 2012 /PRNewswire/ --
Shelron Group, Inc. (OTCBB: SRNG)(the "Company), is pleased to announce that the Company is in advanced negotiations to purchase a gold-related company with revenues.
This announcement comes at a time when Shelron Group has already secured an agreement to acquire 4,450 acres for gold exploration in Chile.
The Company is in the due diligence stage and is checking all legal aspects related to the deal. If this agreement goes through, it will add revenues and skilled manpower to Shelron Group's expanding gold-exploration activities. "Having an experience and collaborative team could potentially expedite the development and exploration of our estimated resources of gold in Chile", notes Eliron Yaron, President of Shelron Group.
About Shelron Group
Shelron Group, Inc. (SRNG) is a New York based mineral exploration and development company focused on acquisition, exploration, evaluation, and development of mineral resource properties in Africa and South America. The Company incorporated in Delaware and is headquartered in New York.
Additional information is available at http://www.Shelron-Group.com.
Safe Harbor Statement
There can be no assurance that an agreement with any party will be executed on acceptable terms or at all. Additionally, even assuming acceptable terms are reached, there can be no assurance that the required conditions of such transactions would be met.
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives and other forward looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. A number of factors could cause our actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in our filings with the Securities and Exchange Commission (available at http://www.sec.gov). Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein. We assume no obligation to update any forward-looking statements.
SOURCE Shelron Group, Inc.