LAS VEGAS, Oct. 28, 2013 (GLOBE NEWSWIRE) -- U.S. Rare Earth Minerals, Inc.'s, (OTCQB:USMN) announced today that its former subsidiary, Bio Multimin, Inc. (Bio) has commenced placing pre-paid orders, for immediate delivery of bulk EXCELERITE® to its India distributor amounting to $50,000 per month. A minimum of two containers per week will be shipped through calendar 2014.
Michael Herod, CEO and President of Bio stated, "It has taken many months to finalize an agreement for this bulk EXCELERITE® sale and I am pleased to announce its successful conclusion. I am confident that this revenue stream will be permanent and continue to grow over the months and years to come. The shareholders of Bio Multimin, Inc. and USMN both benefit from this established India distributor's ongoing success with our EXCELERITE® products."
From Vietnam, CEO and President of USMN, Dennis Cullison, congratulated Mr. Herod for finalizing this important sale. Mr. Cullison commented, "Thanks to your hard work, you have not only ensured the success of Bio Multimin but that of USMN as well. With our Vietnam sales and now India, we are looking forward to a long and prosperous future for both companies."
U.S. Rare Earth Minerals, Inc.
U.S. Rare Earth Minerals, Inc. (USMN), is engaged in the sales and distribution of products derived from the Company's mining activities in Nevada relating to certain natural mineral deposits and other natural rare earth minerals. Products of USMN consist of natural minerals for animal consumption as well as agricultural products sold under the brand name EXCELERITE®. Customers of USMN include some of the world's most widely recognized companies that have well known consumer brands. USMN is headquartered in Las Vegas, Nevada. The company maintains a web site at: www.us-rem.com .
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of U.S. Rare Earth Minerals, Inc., and members of management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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