NEW YORK, May 29, 2013 /PRNewswire/ -- Dolat Ventures
Inc. (OTCQB: DOLV) announced today that the Company has
engaged a marketing and market development advisory services with
experience in the engineering, technology and marketing fields to
act as chief executive officer/chief technology officer.
The 52-year-old affiliate of Advanced Merriment, Matthew Merriam has held key roles at AOL,
About.com, Thomson Financial Services and several startups. Mr.
Merriam is educated as a physical scientist and has a unique
understanding of graphics and visual communications which puts him
at the forefront of digital technology.
DOLV has been looking for a new CEO since the Company is seeking
to enter the Coltan, Timber and Online Marketing sectors. "This has
been a great decision for me to make. DOLV has many great business
attributes which I can assist in creating revenue growth and
increasing shareholder value," Merriam said.
Merriam, developed a unique niche between product management and
corporate M&A by evaluating acquisitions and integrating them
into AOL. He later performed the same function as VP of
Corporate Development at About.com. His key accomplishment includes
product management of the network technology development and
acquisitions strategies for AOL Games which was sold to Electronic
Arts for over $400MM. At Thomson Financial Services, Merriam's
group created the world's first free real time quotes site
ThomsonRTQ.com in close collaboration with the SEC. ThomsonRTQ was
functional within 90 days and grossed over $15MM in its first year.
The same quotes engine and user interface is still used to deliver
quotes on YAHOO! Finance and many other sites. In 2000, he founded
Rivalworks.com and in less than six months his team had launched an
operational online games site and sold About.com before its first
anniversary. In recent years he's been active developing mobile
apps including leading a team at GoAmerica to develop the first
wireless web portal for the BlackBerry and helping launch various
applications with partners such as Sony, Sierra Wireless, Intermec,
and others. "From his CV,
it looks a good fit. His biggest challenge will be to assert DOLV
amongst the tough competition and build revenues that create
profits," said Dovid Hauck,
President of DOLV.
Dovid Hauck, President of Dolat
Ventures stated, "We hope that our future with Mr Merriam will
assist with the potential of DOLV's coltan, timber, technology and
diamond projects. The Company continues to focus on expanding its
diamond resources at the Baimbawai Pool on the Sewa River, which
has shown exciting potential to date and I look forward to updating
shareholders as we progress."
DOLV issued 1,000,000 shares upon signing the 12-month
agreement. Each month DOLV will pay $5,000, half of which is payable in stock and
half in shares. Mr. Merriam is entitled to a success fee upon any
m&a or financing which he arranges. The agreement can be
terminated by DOLV upon notice.
About Dolat Ventures Inc. (OTCQB: DOLV) www.dove-diamonds.com
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. Dolat's Millenium Mining is
located in the Sewa River, located in the heart of Sierra Leone, West
Africa 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.
The company intends to wholesale its rough and uncut diamonds
globally. DOLV's Timber Subsidiary - announced Feb. 1, 2013,
http://www.otcmarkets.com/stock/DOLV/news - Dolat Ventures is
expected to enter into a timber operation located in the Kono
district of Sierra Leone. The
Company is currently investigating a 45k acre project which is
expected to produce up to $150,000 to
$200,000 a month once in operation. The license has already
been issued and DOLV is currently in negotiations to begin
operations upon complete due diligence. DOLV's soon to be formed
Coltan Subsidiary - Definition: Columbite-tantalite,
(Fe,Mn)(Nb,Ta)2O6, or coltan, is a metallic ore found in
Australia, Canada, Brazil, and central Africa. After refinement, coltan yields
metallic tantalum (Ta), a heat-resistant powder capable of holding
high electrical charge. Tantalum is used in the manufacture of
numerous electronics including cell phones, pagers, and computers.
DOLV is currently putting together a one ton sample for a potential
buyer and is seeking to put together the coltan production mining
operation starting at 1 container per month. DOLV's soon to be
launched Diamond Exchange and Technology Subsidiary – DOLV is
seeking to launch a state of the art platform for creating and
distributing a sales / auctioning / trading platform for the
Diamond & GEM industry. DOLV is to provide a simple and easy to
use platform for both Wholesale & Retail traders and eventually
retail customers.
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
SOURCE Dolat Ventures Inc.