LOS ANGELES, Dec. 11, 2014 /PRNewswire/ -- Today, Leone
Asset Management, Inc., (Pink Sheets: LEON) has issued a corporate
update for its operations in Sierra
Leone.
Tony Khodadad, President of Leone
Asset stated, "As the Country and the people of Sierra Leone continue their battle with the
worst Ebola outbreak in history, our employees remain strong,
upbeat and ever so excited for the future of the Country and our
operations. During this time of business disruption, I feel
we have grown much stronger as an organization by fine-tuning our
model and our business plan.
As a public company we understand the importance of
communicating our intentions, plans and vision with our
shareholders and the general public. At this time, we are
moving forward with our audit and are planning to file our
registration statement early in the first quarter of 2015 and
become a fully reporting OTCBB company.
In regards to our on going businesses, we are currently
streamlining our quarry operations and plan on beginning
small-scale operations during the first quarter regardless of the
Ebola situation. Our staff is dedicated to our action plan
and is currently preparing for the commencement of these
operations. We feel by starting these operations now, we will
be in front of the curve and will be able to satisfy both
government and private demands for the granite both now and once
the Ebola is clear and the country is back working at 100%.
There is a very large demand for granite in Sierra Leone as well as throughout
West Africa due to tremendous
infrastructure development. We are quite pleased with our
relationships and the structure of the projects and feel that the
development of these assets will yield substantial profits to our
bottom line and will increase shareholder value considerably."
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.
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visit:http://www.prnewswire.com/news-releases/leone-asset-management-issues-corporate-update-300008329.html
SOURCE Leone Asset Management, Inc.
