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Plateau Mineral Development, Inc. Announces Commencement of Electrical Work; Yet Another Step Towards Productivity

  • Press Release
  • Source: Plateau Mineral Development, Inc.
  • On 8:30 am EST, Wednesday December 3, 2008

WINSTON-SALEM, NC--(MARKET WIRE)--Dec 3, 2008 -- Plateau Mineral Development, Inc. (Other OTC:PMDP.PK - News), along with its partner, Plateau Mineral Development LLC, announced today that electrical work is scheduled for the second week in December. Connections will be installed linking to a 400 amp, three phase 480 volt electrical service that will provide power to the compressor, the chiller plant and, when needed, to a second compressor.

Related Quotes

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PMDP.PK0.000.00
Chart for AMERICAN FOOD HOLDIN
{"s" : "pmdp.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""}

The electrical work is expected to take two days since all of the vital units are already in place. Conduit and wire connection to the compressor and chiller plant is all that is needed for the system to be fully functional.

A separate electrical service already serves the security lighting and will serve the telephone, telemetry and quality control monitors, computer meters and the control station. The telemetry will permit SPECTRA and PMD to monitor the various quality parameters of the gas as well as the production quantity of the gas. The monitors are located within the meter station just before the gas goes through the tap.

About Plateau Mineral Development, Inc.

Plateau Mineral Development, Inc. specializes in the exploration and development of gas and oil fields. Currently it is concentrating its efforts in Morgan County, Tennessee. Its partner, Plateau Mineral Development LLC, has been in existence for over five years with successful new wells and rework wells selling both gas and oil. Its current priority is to complete its compressor station to sell its gas production more consistently at top market prices through its own tap (the Morgan #4) for direct sales at top market prices. The project is scheduled for initial production in November 2008.

Safe Harbor Statement:

This information includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives and goals of the Company management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. Matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include but are not limited to risks and uncertainties associated with the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Forward-looking statements are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

Contact:

     Contact:
Dominic Martinez
866-508-2092
dominic@mandminvestorrelations.com
 

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