LOS ANGELES, Aug. 7, 2014 /PRNewswire/ -- Today, Leone Asset
Management, Inc., (Pink Sheets: LEON) has issued a corporate update
for its operations in Sierra
Leone.
"Currently, the Country of Sierra
Leone, as well as its neighboring countries Guinea and Liberia are battling the worst Ebola outbreak
in history. Due to this outbreak, the President of
Sierra Leone has closed all
schools and has made non-essential Government employees and
agencies postpone operations until further notice. The World Health
Organization has been quoted saying that "the outbreak is out of
control and can take up to six months to get it under
control." The United States
government as also warned U.S. travelers to eliminate all
non-essential travel to the region.
At this time, Leone Asset has suspended all travel to the region
by its employees and consultants, and has temporarily shut down all
operations until the life-threatening situation is
eliminated. It is important to say that the disease has not
affected our assets in any way, only our current and future
operations related to the operation of our assets has been
temporarily affected. Management of all subsidiaries will
take this time to re-evaluate all current business models and
operations to fine-tune all plans for future expansion and
growth.
Fortunately, at this time I can say that no Leone Asset or
subsidiary company employee has been directly infected, and all
employees are taking all precautions to stay clear of the
disease. We will be directly following the leadership of the
local Government and the World Health Organizations guidelines on
returning to the region and to re-starting any operations.
The country of Sierra Leone has
roughly 6 million citizens, and all of our thoughts and payers go
out to the people for a quick resolution to the crisis and a quick
return to strong economic growth," stated Leone Asset President,
Tony Khodadad.
About Leone Asset Management
Leone Asset Management,
Inc., is a U.S. corporation headquartered in Los Angeles, California. Sierra Leone subsidiary, Leone Asset
Management, Ltd., operates as a government contractor as well as
owning and operating a group of diversified subsidiaries that
operate in mining, agriculture, real estate and development, and
consult to a global client base including individuals,
corporations, partnerships, institutions and governments. For
additional information, visit: www.leoneasset.com
Forward-Looking Statements Disclosure: This press
release may contain "forward-looking statements" within the meaning
of the federal securities laws. In this context, forward looking
statements may address the Company's expected future business and
financial performance, and often contain words such as
"anticipates," "believes," "estimates," "expects," "intends,"
"plans," "seeks," "will" and other terms with similar meaning.
These forward-looking statements by their nature address matters
that are, to different degrees, uncertain. Although the Company
believes that the assumptions upon which its forward-looking
statements are based are reasonable, it can provide no assurances
that these assumptions will prove to be correct. All
forward-looking statements in this press release are expressly
qualified by such cautionary statements, risk, and uncertainties,
and by reference to the underlying assumptions.
SOURCE Leone Asset Management, Inc.
