Leone Asset Management Issues Corporate Update

Aug 07, 2015, 08:00 ET from Leone Asset Management

SAN DIEGO, Aug. 7, 2015 /PRNewswire/ -- Today, Leone Asset Management, Inc., (Pink Sheets: LEON) has issued a corporate update for its Global operations.

Tony Khodadad, President of Leone Asset stated, "At this time, the country of Sierra Leone is beginning to operate with the 'Post Ebola' mentality.  As the Country and the people of Sierra Leone conclude their battle with the worst Ebola outbreak in history, our employees remain strong, upbeat and ever so excited for the future of the Country and our operations.  During this time of business disruption, I feel we have grown much stronger as an organization by fine-tuning our model and our business plan. 

"In regards to our on going businesses in Sierra Leone, we are currently streamlining our quarry operations and plan on beginning small-scale operations during the first quarter regardless of the Ebola situation.  Our staff is dedicated to our action plan and is currently preparing for the commencement of these operations.   At this time we are completing the survey of our 400-acre site in Bo and will be filing the necessary EPA reports over the next week.  We feel by starting these operations now, we will be in front of the curve and will be able to satisfy both government and private demands for the granite both now and once the country is back working at 100%.

"There is a very large demand for granite in Sierra Leone as well as throughout Sub-Sahara Africa due to tremendous infrastructure development.  We are quite pleased with our relationships and the structure of the projects and feel that the development of these assets will yield substantial profits to our bottom line and will increase shareholder value considerably.

"Subsidiary, Global Mobile Technologies is completing two proprietary applications at our development offices in India.  We expect the applications to launch during the fourth quarter in India then we will bring the applications to the U.S. and other International markets during 2016.

"Subsidiary, Go Epic Health is completing the finishing touches on their flagship product 'Recuperade' (a natural and organic high-protein and high-fiber drink).  Recuperade will be available in the U.S. marketplace during the fourth quarter of this year.

"As a public company we understand the importance of communicating our intentions, plans and vision with our shareholders and the general public.  At this time, we are moving forward with our audit and are planning to file our registration statement early in the first quarter of 2016 and become a fully reporting OTCBB company."

About Leone Asset Management Leone Asset Management, Inc., is a U.S. corporation headquartered in San Diego, California.  Leone Asset Management, Inc., is a multi-national, multi-industry conglomerate with subsidiary companies that operate in Health and Wellness in the U.S., Technology Development in India and Infrastructure development, agriculture management and mineral exploration and export in Africa.  For additional information, visit: www.leoneasset.com

Forward-Looking Statements Disclosure:  This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will" and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.


SOURCE Leone Asset Management