VSUS Technologies Inc. Signs Letter of Intent to Acquire 390 HA Metallurgical Coal Concession in Colombia with an Expected 70-100 MM Metric Ton of Reserves

BOGOTA, Colombia, Feb. 2, 2012 /PRNewswire/ --VSUS Technologies Inc. (OTCQB: VSUT), a U.S. coal company with operations in Colombia, today announced the company has entered into a letter of intent to acquire the 390 HA "La Herradura" Coal Mine in Guaduas, Colombia.  The company previously had signed a definitive agreement that acquired the 57 HA La Tabaquera coal mine that is in the final stages of the environmental impact assessment (EIA).  This EIA can be amplified to include the new acquisition.

According to a recent engineering report posted on the company's website, there are close to 17,000,000 metric ton of coal reserves in the company's first acquisition, La Tabaquera.  The company expects this new acquisition to have an estimated 70- 100 MM metric tons of coal reserves given that the mine is almost 7 times larger than the adjacent La Tabaquera whose coal veins extend into La Herradura.  Coal reserves at La Tabaquera are estimated to be 70% metallurgical and 30% thermal coal.  The company plans to begin deep geological surveys to produce a N.I. 43-101 technical report for both properties and expects La Tabaquera to be in production in 2012.

Newcastle metallurgical coal prices for high quality coking coal settled at US$ 235 per ton for Jan.1 quarterly contracts. 

The global demand for coal has been increasing, especially in India and China, and is expected to continue to do so for the next five years according to the International Energy Agency Medium-Term Coal Market Report 2011, which stated that average coal demand is likely to grow by 600,000 tons per day over the next five years.  The IEA press release can be accessed by visiting http://www.iea.org/press/pressdetail.asp?PRESS_REL_ID=430 

Colombia is currently the world's fifth largest coal exporter and has the largest coal reserves in South America.  The World Bank ranks Colombia as the most business friendly country in Latin America.  It is also important to note they had the best performing stock market in the world in 2010.  According to the United Nations, Foreign Direct Investment (FDI) jumped 113% from 2010-2011 in Colombia, where coal is a large underdeveloped opportunity, mostly untouched for 40 years. 

Global Business Reports did an extensive report on Mining in Colombia which was published in the Engineering & Mining Journal (E&MJ).  VSUS Technologies' president, Mr. John Campo, was interviewed for this report.  The report is available at http://www.gbreports.com/admin/reports/EMJ-Colombia.pdf  

"Coal exports in Colombia are expected to reach 150 MM metric tons by 2015 from 85 MM mt in 2011, they're expected to increase by 14% this year alone and we intend to be part of this growth," stated John Campo, President of VSUS Technologies. 

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 terminals in Barranquilla, Santa Marta, or Cartagena for export. Initially we will use existing service providers 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 is a growing company that is acquiring coal concessions in Colombia in order to satisfy the world market demand for coal.  Once a concession is acquired, the company will begin all the necessary environmental and geological studies to get them into production as efficiently as possible.  The Company plans to have three revenue producing business units in Colombia:  coal mining, coking oven facilities, and docks and river transportation along the Magdalena River. 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: 

VSUS Technologies Inc.
Mr. John Campo
President
(1)-410-236-8200 USA
(57) 318-657-0918 Colombia
[email protected]

VSUS Colombia
Cra. 16 # 79-31 Suite 703A
Bogota, Colombia
www.vsustechnologies.com

SOURCE VSUS Technologies, Inc.