SAN FRANCISCO, Dec. 6, 2013 /PRNewswire/ -- Paradigm Resource Management Corporation (OCTQB: PRDC) (the "Company" or "Paradigm") announced today that it signed an Amendment to the original Acquisition Agreement, filed on July 24th, 2013, which now enables Paradigm the option to control Toss Plasma Technologies Ltd. ("TPT").
TPT utilizes Radio Frequency (RF) Plasma technology to improve precious metals yields in the extraction process from complex ores. In addition to cost effectively increasing efficiencies and yields; the process is more environmentally friendly then current industry standards.
Ted Ozaki, Paradigm's CEO noted "Since our initial transaction in July 2013, we have experienced an astonishing level of interest from a wide range of mining companies, as such our ability to gain controlling ownership in TPT was an major accomplishment advancing the Company's business model. Paradigm is now positioned to become a pioneer with a game changing technology capable of extracting precious metals from complex mining ores that are commonly found in many different locations world-wide, this improves the Company's ability to attract new potential institutional and individual investors."
"Our Yamagata processing plant in Northern Japan has been very busy running sample assay tests for interested mining companies. We are now negotiating with several interested parties potential joint venture or licensing agreement" said Mr. Ozaki.
With this Amendment, Paradigm may now retain control of TPT's technology. For more information please refer to our 8K filing dated December 5th, 2013.
About Paradigm Resource Management Corporation
Paradigm Resource Management Corporation is a U.S. OTCQB investment company under the ticker symbol of PRDC. The Company aims to become a platform for international investors to invest in the development and operations of companies within the mining industry with special focus on new technology and applied materials. For further information, please go to www.paradigm-resource.com.
About Toss Plasma Technologies Ltd.
TPT developed a breakthrough technology and processing system, using ultra-temperature radio frequency plasma torch, to extract latent precious metals from certain types of complex ores. For further information, please go to www.paradigm-resource.com/projects
Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on Paradigm Resource Management Corporation predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, changes in metal prices, the ability to successfully fund any exploration activities, consumer and business consumption habits, the ability to fund operations and other factors over which Paradigm Resource Management Corporation has little or no control. Such forward-looking statements are made only as of the date of this release, and Paradigm Resource Management Corporation assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in Paradigm Resource Management Corporation Form 10-K for its fiscal year ended December 31, and other documents filed from time to time by Paradigm Resource Management Corporation with the Securities and Exchange Commission.
Tony Heo, Vice President - Business Development, 1 (650) 577-5933
SOURCE Paradigm Resource Management Corporation