VSUS Technologies, Inc. Announces the Engineering Report for Their Colombia Coal Mine is Available on Their Corporate Website With an Estimate of Reserves Report Showing 17 Million Metric Tons of Metallurgical and Thermal Coal With a US $ 70 Million "in situ" Gross Valuation
Company President was featured on Nationally Syndicated Business Talk Radio Show with Stu Taylor, whose notable guests include Newt Gingrich, Steve Forbes, and Jack Welch among others.
BOGOTA, Colombia, Dec. 9, 2011 /PRNewswire/ -- VSUS Technologies, Inc. (OTCQB: VSUT), a U.S. coal company with operations in Colombia, today announced the final results of a recently completed Estimate of Reserves Engineering Report for its La Tabaquera coal mining concession in Guaduas, Colombia is posted on their corporate website www.vsustechnologies.com.
According to the engineering report there are close to 17,000,000 metric tons of coal reserves on this property. The width of the property was measured at 238 meters by a length of 2150 meters, taking into consideration 20 layers with variable widths between 20 cm to 7 meters.
The gross appraised value for the coal reserves in the ground "in situ" is $ 70,000,000, assuming 70% recovery; the net valuation exceeds $ 49,000,000.
The Company President, John Campo, was featured on the nationally syndicated radio program "Stu Taylor on Business" which aired yesterday December 8, 2011, at 11:30a.m. (EDT) on Money Matters Radio and Saturday, December 3, 2011 on Business Talk Radio. The program can be heard by clicking Saturday, December 3, 2011 Hour 1 (scroll to minute 31) from http://www.businesstalkradio.net/weekend_host/Archives/st.shtml.
Transportation, Logistics and Other Information
VSUS Technologies plans to build or acquire wholly owned river loading facilities on the Magdalena River close to our mines. The coal will be trucked to these river ports, and then barged via the Magdalena River to the Ports of Barranquilla, Santa Marta, or Cartagena for export. The Company plans to build or acquire a river barge transportation company and an export coal terminal in Barranquilla, Colombia. Initially we will use existing facilities while our transportation projects are being developed. The Colombian and Chinese Governments are jointly improving railroads that will facilitate local coal producers' ability to export. After the rail projects and the "Road to the Sun" project are completed, VSUS Technologies will have one of the only coal mines in the World with river, rail, and road access to coal export terminals on both the Atlantic and Pacific Oceans.
About VSUS Technologies, Inc.
VSUS Technologies has signed a definitive agreement to acquire La Tabaquera coal mine in Guaduas, Colombia. Our Company plans to have three revenue producing business units in Colombia: coking and coal mining, docks and river transportation along the Magdalena River, and a coal export terminal on the northern coast of Colombia. The Company is also exploring allegiances with U.S. universities to study capturing Coal Bed Methane (CBM) in Colombia. For more information on our company visit our new website at www.vsustechnologies.com
Forward Looking Statements
Forward Looking Statements: This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," "intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. VSUS Technologies Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
CONTACT: Mr. John Campo
President
1-410-236-8200 USA
(57)318-657-0918
VSUS Colombia
Cra. 16 # 79-31 Suite 703A
Bogota, Colombia
(57)(1) 805-1675
www.vsustechnologies.com
SOURCE VSUS Technologies, Inc.
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