$MINE closed today at .0095, could run in the morning.
$MINE
Minerco Resources, Inc. Announces Secondary Related Line of Business
Company to expand into traditional energy markets in the US
HOUSTON, May 9, 2012 /PRNewswire via COMTEX/ -- Minerco Resources, Inc. (OTCQB: MINE), a progressive developer, producer and provider of clean, renewable energy solutions in Latin America, releases corporate update that it will add an additional line of business to its existing business model.
Minerco intends to expand its business model into the traditional energy markets within the United States in addition to clean, renewable energy solutions in Latin America. The company intends to leverage the expertise of its executive management. Traditional energy investments, such as oil and gas, would provide the company the opportunity to earn revenue in the short term through the purchase of minority interests in currently producing and development oil and gas properties. The properties we are currently evaluating have an estimated 30% annual return with initial capital expenditures between $50 and $100 thousand.
"We are very excited to announce the expansion of our business model into traditional energy investments such as oil and gas. This would allow us an opportunity to invest in existing production and development oil and gas properties which would allow us to earn revenue in the short term." said V. Scott Vanis, Minerco's President and CEO.
Please contact: Minerco Resources, Inc.
info@minercoresources.com
281-994-4187
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