Dolat Ventures Inc. Announces: Sierra Leone Fastest Growing Sub-Saharan African Country According to IMF
10 Maio 2012 - 5:22PM
Marketwired
Dolat Ventures Inc. (OTCBB: DOLV) announced today that the fastest
growing economy will be Sierra Leone, projected to grow by 35.9%
according to the yearly IMF World Economic Outlook Report published
in April 2012.
"According to the Gemological Institute of America, demand for
colored diamonds has been unprecedented and The Rough Diamond Index
has outperformed The Gold Index over the past 63 years, and the
forecast for the next 5-8 years is even stronger Rough Diamond
Growth," said Dovid Hauck, President of Dolat Ventures.
Sierra Leone is a country at a crossroads. The country
celebrates its 50th year, Sierra Leoneans are appropriately proud
of their success with post-war reunification and reconstruction.
Children are learning, infrastructure is expanding, and healthcare
is improving. Sierra Leoneans hadn't seen a functioning locomotive
engine in 30 years until African Minerals (AMI) Ltd. rebuilt the
rail network in November 2011, almost a decade after civil war
ended.
Exports from African Minerals' Tonkolili and London Mining Plc
(LOND)'s Marampa mines are set to boost Sierra Leone's economy by
51 percent this year, the fastest projected pace of any nation in
the world, according to the International Monetary Fund.
Dolat's Millenium Mining is located in the Sewa River, located
in the heart of Sierra Leone, formed by the junction of the Bagbe
and Bafi rivers; it flows 150 mi (240 km) to join the Waanje River
and form the Kittam, which empties into the Atlantic Ocean. The
country's most important commercial river, it has historically
produced the bulk of Sierra Leone's diamond exports.
For more information please visit: www.dove-diamonds.com
About Dolat Ventures Inc. (OTCBB: DOLV) Dolat Ventures Inc.
through its wholly owned subsidiary Dove Diamonds & Mining
intends to sell, market, cut and distribute its diamonds and gems
around the world. The company intends to purchase rough and uncut
diamonds and gems from international suppliers globally.
Forward-Looking Statements This press release may contain
certain forward-looking statements within the meaning of Section
27A of the Securities and Exchange Act of 1933, as amended, and
Section 21E of the Securities and Exchange Act of 1934, as amended,
and such Forward Looking Statements are intended to be covered by
the safe harbors created thereby. Investors are cautioned that all
forward-looking statements involve risks and uncertainties. All
statements other than statements of historical fact in this
announcement are forward-looking statements, including but not
limited to the viability of the company's business plans, the
effect of acquisitions on our profitability, the effectiveness,
profitability, and the marketability of the Company's products; the
Company's ability to protect its proprietary information; general
economic and business conditions; the volatility of the company's
operating results and financial condition; and other risks detailed
in the Company's filings with the Securities and Exchange
Commission.
These forward-looking statements involve known and unknown risks
and uncertainties and are based on current expectations,
assumptions, estimates and projections about the company and the
industry. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or to changes in its expectations, except as may
be required by law. Although the company believes that the
expectations expressed in these forward-looking statements are
reasonable, management cannot assure the public that their
expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results.
Dovid Hauck President TEL 212-502-6657 FAX 212-501-2077
EMAIL info@dove-diamonds.com
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