KCMH to Incubate Uranium Mining Company; Deal Includes Publicly Traded RUSSELL INDUSTRIES & KCMH Co-Development of Healthcare &
June 20 2008 - 4:42PM
Business Wire
In an effort to avoid any possible�investor misunderstanding
regarding the estimated potential value of mining assets and
development of revenue models stated in the June 9, 2008 press
release, KCMH (OTC:KCMH)�would like to clarify the following:�KCMH
(OTC:KCMH) signed an incubation and consulting agreement with
RUSSELL INDUSTRIES (OTC:RUSL), a publicly traded holding company
with existing assets in the energy sector, and a growth strategy to
develop future revenue models in the medical device, healthcare and
financial industries. KCMH will incubate and co-develop RUSSELL�S
interests in the development and exploration of uranium and
vanadium mining and developing revenue models in the medical
device, healthcare and financial industries. As part of the long
term partnership, KCMH has agreed to develop out RUSSELL�S other
revenue strategies in the healthcare and financial industries in
return for KCMH receiving up to 20% for KCMH initiated RUSSELL
government contracts, and up to 50% for KCMH developed RUSSELL
commercial opportunities. RUSSELL owns 254 unpatented uranium
mining claims in San Juan County Utah. RUSSELL�plans on�quantifying
their uranium mine assets by engaging�third party�resources
to�deliver formal geological reports on its claims delineating
proven and probable reserves. Once finalized, RUSSELL will use the
geological reports to engage comprehensive and objective Valuation
Services from an international accounting firm to issue an
attestation of the geology reports. Upon validation of RUSSELL�s
assets, RUSSELL will engage an international investment-banking
firm to assist the company in offering to sell its uranium and
vanadium mining assets for sale. About KCM: www.thekcmgroup.com.
About Russell Industries: www.ru308.com Disclaimer Forward Looking
Statement The contents of this Press Release may be deemed to
include forward-looking statements within the meaning of United
States securities laws and the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are only predictions and
should not be relied upon for investing decisions. Actual results
might differ materially from those projected in the forward-looking
statements for a variety of reasons, including market conditions,
competition and new regulatory requirements. Forward looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the Company�s actual results, levels of
activity, performance or achievements to be materially different
from any future results, levels of activity, performance or
achievements expressed or implied by the forward-looking
statements. We cannot guarantee future results, levels of activity,
performance or achievements.
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