LAS VEGAS, Feb. 7, 2008 (PRIME NEWSWIRE) -- Centra Capital Corporation/Diversified Mineral Group, Inc. (Pink Sheets:CENC) today announces that "The key factors needed to begin the Kentucky Project have been secured. This past weeks' focus has been concentrated on securing management teams, operations management and procuring the necessary equipment. The Company is forging ahead with Operational Set-up."
The Company's Phase I Set-up, beginning March 1, 2008, will have initial production at 30,000 tons per month. Market consumption should allow for a potential of 1,000,000 tons per annum, by end of year 2, being produced and sold.
The Company website, www.diversifiedmineral.com, is being professionally re-designed. The new look and layout of the site will deliver useful and up to date information about the Company and its Projects. Phase II of the website development will deliver an interactive experience and provide live video feeds of the mining process. The Kentucky Project will be the first on-line and each additional Project will be added as operations begin.
About Diversified Mineral Group, Inc.
Diversified Mineral Group is a development stage mining company with coal properties located in Mexico and Kentucky. CENC has procured the rites to mine these properties through joint ventures and royalty agreements with the landowners with an additional option to purchase the properties in existence. Operations will be initiated at a surface mine operation with an initial 30,000 tons of coal production per month within 60 days. CENC also holds options to acquire additional deposits in Russia and the Ukraine.
Diversified Mineral Group is a mining company whose goal is to develop shareholder value through the acquisition of substantial natural resources and engaging strategic partners to develop production and creating cash revenues for further acquisitions.
For more information available to the public, contact the investor relations dept. at 877-473-5224, or visit us at our new website www.diversifiedmineral.com.
Forward-Looking Statements
This news release contains forward-looking statements made by Centra Capital Corporation in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.