NEW YORK, Sept. 10, 2012 /PRNewswire/ -- TurkPower Corporation (TRKP) (the "Company") is pleased to announce the appointment of Jose Mendo Mizael de Souza to its Board of Directors. During his 51-year mining career, Mr. Mendo founded IBRAM - Brazilian Mining Institute, was the executive director of the mining and metallurgical department at BDMG – Minas Gerais Bank, director of ICAL, a Brazilian limestone company, development superintendent of Samitri and former member of the Economic and Social Development Council during President Lula da Silva's tenure.
"As the founder of IBRAM, former executive at BDMG, and member of the Economic and Social Development Council under the President Lula da Silva, Mr. Mendo not only has tremendous experience and expertise in the Brazilian mining industry, but also decrees over a vast network in the mining industry in Brazil as well as internationally," said TurkPower Chairman Ryan E. Hart. "Mr. Mendo is an invaluable asset to TurkPower in developing and operating its world-class Zinc project in the state of Minas Gerais, Brazil."
About Jose Mendo de Souza
Mr. Mendo is a mining professional with 51 years of experience in the Brazilian mining industry, during which he held numerous executive and director positions in mining related government agencies and organizations, as well as private companies. Mr. Mendo is the founder of IBRAM - Brazilian Mining Institute - for which he has served as an executive for more than 26 years.
Mr. Mendo was an executive director at BDMG, the Minas Gerais State Development Bank, where he was in charge of the mining and metallurgical department. In 2003 he was invited by former Brazilian President Lula da Silva to become a member of CDES – Social and Economic Development Council – to share his insight and expertise of the Brazilian mining sector.
In 2006 Mr. Mendo left IBRAM and founded J. Mendo Consultoria, a mining focused consulting firm offering services in strategy, technical projects, studies and to identify, acquire and develop mining assets in Brazil. Mr. Mendo has tremendous experience and knowledge of the Brazilian mining industry, and decrees over a vast network on the government and private side of the industry. Mr. Mendo has been elected the Brazilian Mining Personality.
Ibram, the Brazilian mining association, groups all of the country's major mining companies. Besides organizing events and conferences designed to share mutually beneficial experiences within the industry, Ibram promotes the sector's interests by lobbying the local and federal governments. Ibram is a private, non-profit organization, founded December 10, 1976.
About TurkPower Corporation
TurkPower Corporation (OTCBB: TRKP) is an American junior mining company with a 99.9% ownership in Zinco do Brasil Mineracao, Ltda., and will change its name to Zinco do Brasil, Inc. in the near future. TurkPower has mining interests in Russia as well as a minority interest in the Kuluncak mine, an iron ore mine in Turkey formerly owned by Exxaro. TurkPower is currently in the process of evaluating its options and defining its strategy regarding its asset in Russia and Turkey.
Certain statements in this news release are forward-looking statements. Words such as "expects", "intends", "plans", "proposes", "may", "could", "should", "anticipates", "estimates", "likely", "possible", "potential", "believes" and words of similar import may identify forward-looking statements. Such statements are based on management's and the Company's independent mining consultant's current expectations, estimates and projections about the companies' businesses, are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors beyond the control of either of the companies, including, but not limited to, the successful completion of the merger; the combined company's ability to raise the required additional capital to develop its mining assets and to identify other acquisition and/or joint venture opportunities in the mining sector, and to establish the technical and managerial infrastructure necessary to take advantage of, and successfully participate in, such opportunities; future economic conditions; demand for manganese and other minerals the company may seek to extract; political stability; and changes in governmental regulations, and financial capabilities of the Company. Additional information on risks and other factors that may affect the business and financial results of TurkPower and the combined company can be found in filings of TurkPower with the U.S. Securities and Exchange Commission. The Company encourages any current or potential shareholder to read all the public filings before making a decision to invest in the shares of any public company.
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SOURCE TurkPower Corporation