BOSTON, July 10, 2009 (GLOBE NEWSWIRE) -- Gold Coast Mining Corp. (Pink Sheets:GDSM) announced today the following corporate updates.
MINING VENTURES
The Company is currently pursuing the expansion of its mining interest and current joint venture. With the name and symbol change complete, as well as the divesture of its previous operations, the Company feels the timing is right to move its mining interests forward.
Jason Cooper, managing Director of Presage Partners LLC and Interim CEO of Gold Coast Mining Corp., commented, "We are very excited about the mining opportunities before us and hope to have further updates on them shortly. Finally, as Gold Coast Mining, we are able to take big strides forward towards our mining focus and rebuilding shareholder value."
HOT WEB PROPERTIES, INC. ("HWP")
HWP, which is 49% owned by the Company, announced the following updates.
-- HWP entered into another sales and marketing partnership.
VET FOUNDATION COLLABORATES WITH WEB-BASED MARKETING COMPANY
Nonprofit Aims to Help Wounded Veterans with Vehicle and In-Kind Donations
The Veteran Employment Transition (VET) Foundation, a 501 (c) 3 nonprofit providing career advancement and transition assistance to returning veterans, today announced an agreement with Hot Web Properties of Palm Harbor to facilitate the sales and marketing of vehicle and in-kind donations. Designated proceeds from the sale of the donations will directly support combat wounded "War on Terror" veterans who attend the nonprofit's 2009 COMPASS Transition Programs.
"A struggling economy has led our organization to explore in-kind donations as a means to generate revenue to support our program," said VET Foundation Founder and Executive Director Chris Hadsall. "Supporters may not have the ability to provide monetary gifts, but many have expressed an interest in donating fine art, automobiles and property to help wounded warriors. We are pleased that Hot Web Properties is willing to assist the VET Foundation with this exciting initiative."
About the VET Foundation
The Veteran Employment Transition (VET) Foundation is an IRS approved nonprofit corporation originally founded in 2006. Its COMPASS Transition Program provides 360 degree military-to-civilian transition support for "War on Terror" veterans. This week long, an all-expenses-paid workshop is offered to qualifying service disabled (30% or higher rated by the VA) warriors from all branches of the armed forces. The program provides veterans with comprehensive employment resources to assist them during the transition process. The key components of the program include the creation of a 12-month personal development plan, partnering with a dedicated sponsor, education (resume building, job resources, benefits, mock interviews) and networking with hiring decision makers from military-friendly companies.
For more information on the VET Foundation, visit www.vetfoundation.org
-- HWP has completed the final steps of closing its merger with
a publicly traded company. The symbol will be released upon
completion of the filing requirements with the NASD and
FINRA, which is expected to be effective the first week of
August. As previously announced, the Company will receive
29,400,000 shares of the publicly traded company, Max Media,
Inc. Max Media will obtain financing of $500,000 in a
private placement of 1,000,000 shares of its common stock.
-- The record date for a dividend regarding the shares will be
announced shortly.
-- HWP continues to host a radio show every Saturday from
9-10am in Tampa. The show is broadcast live on the Internet.
The link can be accessed at www.hotautoweb.com or
www.maximummotoring.com. HWP takes phone calls toll free at
866-977-4820 during the show and emails at
theguys@maximummotoring.com.
About Gold Coast Mining Corp.
Gold Coast Mining Corp. is pursuing mining acquisitions and joint ventures. The Company currently has a joint venture with Western Sierra Mining Corp. for its Ore Cache Mine.
The Company currently has 444,887,086 shares issued and outstanding.