SAN DIEGO, Aug. 27, 2012 /PRNewswire/ -- Sloud, Inc., (Pink Sheets: SLOU) announced today that the company's subsidiary, Tosh Group, Ltd., has acquired additional mining concessions in the Kenema region of Sierra Leone, located in the central southern portion of the country. The size of the property is 10 acres and the company will be mining for alluvial diamonds and gold. The company expects to commence mining operation in 60-90 days. The concession consists of 10, one-acre licenses.
Tony Khodadad, CEO of Sloud, Inc., states, "Our goal has been to build a portfolio of properties that lay within the mineral rich regions of Sierra Leone. The Kenema district is well known for its diamonds and gold and we believe that our engineers can have this property fully operational during the 4th quarter."
About Sloud, Inc. Headquartered in San Diego, CA, Sloud, Inc. is an international holding company with additional offices in Freetown, Sierra Leone. Sloud, Inc. seeks to build value through the development and support of its subsidiaries and license agreements with product and service providers that coincide with their overall business model. Currently, Sloud, Inc. is focusing on holdings in Mining Exploration, Gold and Diamond Export, and various Financial Services.
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, risks, and uncertainties, and by reference to the underlying assumptions.
SOURCE Sloud, Inc.