VSUS Technologies Inc. Signs Definitive Agreement to Acquire Compania Minera
San Jose Ltda. in Colombia.
The Company also announces payment in full of final convertible note to Asher
BOGOTA, Colombia, Jan. 16, 2013
BOGOTA, Colombia, Jan. 16, 2013 /PRNewswire/ --VSUS Technologies Inc. (OTCQB:
VSUT) ("VSUS" or the "Company") announced today it has entered into a
definitive agreement to acquire Compania Minera San Jose Ltda. in Colombia
from Erasmo Almanza.
Compania Minera San Jose Ltda. is a twelve year old company set up to explore
and exploit coal in central Colombia. VSUS Technologies is acquiring "San
Jose Mining" to use as an operating subsidiary for their coal operations in
Colombia. The Company acquired Concession Contract # ILE-09551 from Erasmo
Almanza in February, 2011. According to Article 22 from Law 685 of 2001, upon
approval by the National Mining Agency, Mr. Almanza can cede title of the
Concession Contract to the company's wholly owned subsidiary. The Company
does not anticipate any issue with the transfer of title.
The Company intends to elect Erasmo Almanza as a Director. Mr. Almanza holds
title to, or has solicited for, over 4000 HA of metallurgical coal concessions
in central Colombia. Mr. Almanza brings over 40 years of experience in the
coal, oil and gas industries in Colombia and the United States. A petroleum
engineer by trade, he is currently General Manager of Compania Minera San Jose
since 2000. Prior to that Mr. Almanza held several management positions
within the oil and coal industry including Ingepetrol, BAROID International
Co. and Core Laboratories International in Houston, Texas. He earned a
Bachelors Degree in Petroleum Engineering from the Universidad America in
Bogota, Colombia. Mr. Almanza has been exploring for coal in central Colombia
for over 15 years.
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The Company also announces it has paid in full its last remaining convertible
note with Asher Enterprises. The retirement of this debt not only
significantly reduces company liabilities but also the expense associated with
carrying that debt and the ability of that debt to be converted and dilute the
Recently VSUS Technologies, Inc. announced a name change to New Colombia
Resources, Inc. The Company anticipates the name and symbol change with FINRA
to take effect January 22, 2013.
About New Colombia Resources, Inc. f/k/a VSUS Technologies, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of
high-quality metallurgical coal properties in the Republic of Colombia. They
own 100% of La Tabaquera mine in Colombia with an estimated 15- 17 MM tonnes
of reserves, 70% metallurgical and 30% thermal coal. Once the necessary
financing is obtained, the Company plans to have three revenue producing
business units in Colombia: coal mining, coking oven facilities, docks, river,
and rail transportation to export terminals in Colombia. The Company is also
exploring allegiances with U.S. universities to study capturing Coal Bed
Methane (CBM) in Colombia. For more information on the Company visit their
website at www.vsustechnologies.com. The company's new website under
construction is www.newcolombiaresources.com.
Transportation, Logistics and Other Information
With proper financing New Colombia Resources plans to build or acquire wholly
owned river or rail loading facilities on the Magdalena River close to their
mines. The coal will be trucked to these distribution centers, and then barged
via the Magdalena River or by rail to terminals in Barranquilla, Santa Marta,
or Buenaventura for export. Initially they will use existing logistics
providers while their transportation projects are being developed. After the
rail projects and the "Road to the Sun" project are completed, New Colombia
Resources will have one of a few metallurgical coal mines in the World with
river, rail, and road access to coal export terminals on both the Atlantic and
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. A statement containing works such
as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect,"
"project," "plan," or similar phrases may be deemed "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Some or all of the events or results anticipated by these
forward-looking statements may not occur. Factors that could cause or
contribute to such differences include financing, the future U.S. and global
economies, the impact of competition, and the Company's reliance on existing
regulations. New Colombia Resources, Inc. does not undertake any duty nor does
it intend to update the results of these forward-looking statements.
New Colombia Resources, Inc.
Mr. John Campo
(57) 318-657-0918 Colombia
New Colombia Resources
Cra. 16 # 79-31 Suite 703a
SOURCE VSUS Technologies Inc.
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