FERNDALE, Wash., Jan. 3, 2013 /PRNewswire/ -- MineralRite Corporation (OTCQB: RITE) is pleased to introduce two new members of its management team; James Bame has been appointed Chief Operating Officer and Raymond Almasi will serve as Director of Sales.
Mr. Bame brings a diverse background with expertise in numerous fields. With a degree in Industrial Engineering from the University of Washington and a Law degree from Loyola of Los Angeles, he has worked with various universities on the commercialization of technology from their patent portfolios and research projects in the mining sector. Additionally, Mr. Bame has experience dealing with international organizations and governments in the mining and energy sector. Many of his patent and consulting clients have come from the mining and precious metals field.
Mr. Almasi has more than 15 years of executive level management experience, including 8 years of mineral industry sales and purchasing of natural iron ore, chrome ore, copper ore, and antimony ore in the international market. As President and CEO of three self developed international trading companies and purchasing advisor to several Chinese mineral trading companies while living the last five years in Shanghai, Raymond has strong credentials to direct MineralRite's international sales and marketing.
"We are extremely pleased to add James and Raymond to our management team. They bring a great deal of experience in their fields to MineralRite and will work together to make positive contributions as we grow the Company," said Guy Peckham, President of MineralRite.
ABOUT MINERALRITE CORPORATION
MineralRite Corporation is engaged in the processing, certification and sales of precious metals including gold, silver, and the platinum group metals. Using various proprietary and ecologically friendly processes and technologies, the Company extracts precious metals from mining operations ore, reclaimed mine tailings and high value concentrate material.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: MineralRite Corporation encourages those interested in our Company to rely only on information included in our filings with the United States Securities and Exchange Commission which can be found at www.sec.gov. Statements released by MineralRite Corporation that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
7044 Portal Way, Unit K-110
Ferndale, Washington 98248
SOURCE MineralRite Corporation