SALT LAKE CITY, June 26, 2003 (PRIMEZONE) -- Desert Mining, Inc. (OTCBB:DMNG) today announced that Mr. Peter K. Nelson has been appointed to the Board of Directors and as President, Secretary and Treasurer of the Company. Ms. Justine Noerring resigned her position on the Board of Directors and as sole officer. Mr. Nelson brings many years of entrepreneurial and management experience to the Company. Since 1966, Mr. Nelson has operated a variety of businesses including general contractor, trucking and asphalt maintenance companies. He was Honorably discharged from the U.S. Air Force in 1966. From 1985 to 1992, Mr. Nelson worked for the Federal Aviation Administration installing ILS systems at major airports. Currently, Mr. Nelson is a consultant in the petroleum industry.
As a result of the change in control of the Board of Directors, the Company has decided to re-enter the natural gas/energy business and explore potential acquisition opportunities in the natural gas field. Mr. Nelson commented, "We are excited about our focus on natural gas and energy production. We believe there are many opportunities and are eager to begin searching for suitable acquisition candidates in this area."
The Company has also relocated operations and business location to 420 East 57th Street, Suite 150, Loveland, CO 80538. The Company's telephone number is (970) 213-2705.
The Company also announced today that it will effect a ten for one forward split of its issued and outstanding common stock for shareholders of record as of July 15, 2003. The Company believes the forward split will provide its shareholders with greater liquidity and market maker support.
This press release may contain forward-looking statements. The words "estimate", "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
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