On Wednesday August 12, 2009, 7:38 am EDT
SCOTTSDALE, AZ--(Marketwire - 08/12/09) - Sunergy, Inc. (the
"Company") (OTC.BB:SNEY
-
News) is pleased to announce the appointment of Mr. Karl A.
Baum as Manager of West African Business Development to further
advance the Company's Nyanhin Project within the Republic of
Ghana and other business and mining interests in the region.
Mr. Baum brings with him a background in Business Management
from Arizona State University and International Management
Studies from Thunderbird School of Global Management. He has
over 5 years of experience within West Africa serving as the
General Manager for (2) small-scale exploration and gold mining
operations within The Republic of Ghana with 7,000 ton/day
capacity. As International Procurements and Logistics Manager he
has overseen the shipment of over USD 15 Million worth of
capital equipment from the United States and imported into
Ghana. He has led the permitting activities for the operating
mines in Ghana and enjoys a good working relationship with the
local and national authorities. Prior to his positions within
Ghana, Mr. Baum served as Permitting Coordinator on several gold
mining projects in Colorado working with the EPA and Division of
Minerals and Geology to ensure regulatory compliance.
Mr. Baum has also provided assistance in developing several
large scale contracts for mining services within The Republic of
Liberia and Sierra Leone; giving him a working knowledge of the
customs and concerns of performing within the West African
business climate. This hands on experience within the region has
assisted him in providing turn-key supply chain management
solutions which are vital to successful operations in this part
of the world.
Karl commented, "I am excited to join the Sunergy family
because we share the same vision and goals for developing a
large diversified Company throughout West Africa. This economic
downturn has uncovered several opportunities that are available
now for those ready to do business in Ghana and West Africa. I
will return to Ghana shortly and start implementing our business
plan for near term gold production and cash flow and keep my
eyes open for opportunities."
Company Chairman P.K. Rana Medhi said, "We now have an area
manager with local knowledge and substantial connections in
Ghana. With our debt settled, we are now in position to begin
work in earnest on our 150 sq. km. Nyinahin mining concession
and Karl is the perfect manager to take us through permitting to
production."
President Joseph Guerrero commented, "Our aggressive approach
to developing our projects and evaluating expansion projects can
now proceed rapidly. With Karl's assistance and leadership, we
are committed to building a diverse revenue base taking
advantage of the business opportunities that Ghana offers."
About Sunergy: The Company is an aggressive junior mining
exploration and development Company that is production oriented
at the earliest possible profitable opportunity. We control 100%
of the 150 SQ. Km. Nyinahin mining concession with a full
prospecting license. The concession is surrounded by several
operating mines and is adjacent to Newmont Mining's property.
This concession has the Ofin river flowing through our eastern
portion and there are numerous artisan pits ready for testing
and evaluation for near term production. The Ofin river is known
for good alluvial gold production. Artisans usually recover
about 30% of the available gold through primitive hand methods,
leaving 60-70% to be recovered by modern mechanical operations.
Further information is available on the Company's website
www.sunergygold.com
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as
that term is defined in Section 27A of the United States
Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Statements in this press release which are
not purely historical are forward-looking statements and include
any statements regarding beliefs, plans, expectations or
intentions regarding the future, including but not limited to,
any mineralization, development or exploration of the Nyinahin
Mining Concession in Ghana, West Africa.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated
with mineral exploration and difficulties associated with
obtaining financing on acceptable terms. We are not in control
of metals prices and these could vary to make development
uneconomic. These forward-looking statements are made as of the
date of this news release, and we assume no obligation to update
the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although we believe that the
beliefs, plans, expectations and intentions contained in this
press release are reasonable, there can be no assurance that
such beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set
forth herein and should also refer to the risk factors
disclosure outlined in our most recent annual report for our
last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
