LAS VEGAS, Nov. 17, 2011 /PRNewswire/ -- FRANKLIN MINING,
INC. (Pink Sheets: FMNJ.pk - News) is pleased to announce that the
Company's CEO William Petty has
signed a Strategic Alliance Agreement with Coastal Point Energy
LLC's President, Thomas Hudson for
the purpose of jointly developing wind projects and bringing
alternative energy to Latin
America, beginning with Bolivia and Paraguay, and ultimately being able to offer
services to the whole of South
America.
The agreement details a mutual recognition of the value of wind
generated energy to the South American market, and the economic
viability that alternative electrification can provide. Petty and
Hudson have agreed to work together on a project by project basis
as the projects are presented and anticipate that this Alliance is
going to be advantageously beneficial to both parties.
Mr. Thomas Hudson is the current
President of Coastal Point Energy LLC which is a swiftly emerging
renewable energy company founded to design, construct, and operate
wind farms. Prior to joining Coastal Point Energy as President, Mr.
Hudson was the Managing Partner of the Washington, DC office of Brownstein Hyatt and Farber (Denver). Mr. Hudson practiced in the
areas of federal and state legislative law, emphasizing energy,
environmental, technology, telecommunications and administrative
law. Prior to joining the firm, he was the Chief of Staff of
US Senator John Breaux for 2 years
and formerly Special Assistant to U.S. Senator Bennett Johnston. Previously, Mr. Hudson
was elected to the Louisiana State Senate where he served for 12
years and was elected President Pro Tempore and Chairman of the
Commerce Committee. He received his BA and JD degrees from
LSU.
William Petty, President of
Franklin Mining, has spent over 25 years establishing business
relationships in Latin America and
has developed a solid corporate track record in the Country.
Recently the Company announced an agreement by which the Escala
mine is to be the first mining operation in South America to incorporate revolutionary
wind generated power to provide the required energy to run a mining
operation.
The conversion to alternative energy resources is swiftly
becoming a top priority to many operations worldwide.
Companies and operations are beginning to increasingly seek
environmentally friendly ways of reducing their operating cost and
environmental footprint. "This partnership will be very Lucrative
for the Company. With the Closest Power Grid being 26
miles from the property, we feel that there are numerous
objectives that the installation of wind generated power at the
Escala Mine would meet. Likewise, we know that it will come as a
beneficial solution to others on the continent as well." stated Mr.
William Petty, CEO and President of
Franklin Mining, Inc.
About Franklin Mining, Inc. – Franklin Mining, Inc. is a
publically traded international exploration and mining company,
headquartered in Las Vegas,
Nevada, with offices in Santa
Cruz, Bolivia. The Company adheres to the highest
standards of quality and efficiency by optimizing the Company's
resources through a system which places the preservation of the
environment among the Company's top objectives. Franklin
Mining, Inc. endeavors to find value in fields in which the
projects can be explored and exploited while contributing to the
socio-economic and cultural development of its society. The Company
has developed model mining operations through safe, cost effective
and innovative technologies. Franklin Mining, Inc. has purposed to
uphold a great social commitment and respect for the environment
while creating a robust value for its shareholders, employees, and
the region within which it operates. Additional information can be
found at the Company's corporate website:
www.FranklinMining.com.
Safe Harbor Act: This release may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report.
For more information visit our website at
www.FranklinMining.com or contact
Investor Relations: Gibraltan Financial (407)830-9777
SOURCE Franklin Mining, Inc.
