MONTAGUE INTERNATIONAL HOLDING LTD. (MIHL) ANNOUNCES NEW MILESTONES

MIHL had announced today the following milestones:

 

·         MIHL had acquired on January 28, 2013, 51% ownership in  Sociedad Minera Baya of Lima Peru.  Minera Baya owns and operates a gold mining project known as “El Rihon Prohiboto” in Peru with proven reserves of approximately 950 kilos of gold and significant potential of reserves for which conclusive studies will begin in the near future.  Production of known reserves is estimated to begin within the next 6 months. This transaction is valued at US$60 million at today’s gold prices.

 

·         MIHL’s wholly owned subsidiary Montague Global Investments Ltd., had filed an application for Broker/Dealer registration with FINRA.

 

·         MIHL’s wholly owned subsidiary MTG CONSOLIDATED INTERNATIONAL INVESTMENTS LLC had completed its registration with the State of Pennsylvania as Registered Investment Advisor.  The Investment Advisor Subsidiary will begin to provide advisory services within the next 30 days.  In addition, MIHL will now be able to file Regulation D for registration of its hedge fund subsidiary MTG CONSOLIDATED INVESTMENT FUND ONE LP.  Regulation D is estimated to be filed within the next 30 days and begin operations.

 

·         NEW CFO:  Kira Kurgansky CPA had joins MIHL as its new CFO on February 1, 2013.  Ms. Kurgansky is a graduate of Roosevelt University of Chicago and Northern Illinois University and holds a BS in Accounting and a Master’s Degree in Baxter International, Inc. She has been a CPA licensed in the State of Illinois since 1997 and had worked for such firms as:

                                            i.            Coopers & Lybrand, L.L.P

                                          ii.             Baxter International, Inc.

                                        iii.            Square D Company

                                        iv.            Abbott Laboratories

                                          v.            FMC Technologies, Inc.

 

Ms. Kurgansky has significant and progressive experience in all aspects of compliance and tax planning for public company, including all Federal, State and Local tax filings, preparation of quarterly and annual tax provision and calculated current/deferred income tax liabilities under FAS 109.  Her experience in compliance with Sarbanes-Oxley; Manufacturing Deduction under Sec. 199; M&E.  is an invaluable addition to MIHL as a growing public company.  Ms. Kurgansky had  coordinated all tax reviews, audits, and projects with external tax auditors and consultants,  reviewed estimated quarterly tax payments, federal and state extensions; led and managed Federal and State income tax audits.

 

 On the international arena, Ms. Kurgansky had assisted in all aspects of international business subsidiary management and formation for her past employers,  This included European, Canadian and Mexican cash repatriation and movements, foreign tax reduction planning involving such techniques as intercompany sales of assets, intercompany charges, management fees and tax havens. 

 

Ms. Kurgansky has a specific interest in merger, acquisition and restructuring of the foreign subsidiaries.  Her knowledge of preparation  Foreign Tax Credit (Form 1118) and related schedules, preparation and review of Form 5471’ s and 5472 for foreign affiliates, development strategies and responses to the foreign related IDRs, and maintaining earnings and profits calculation for the foreign subsidiaries and assistance to foreign subsidiaries with questions and other U.S. related reporting issues.

 

As per Larisa Saltsova the CEO of MIHL “Ms. Kurgansky brings the necessary knowledge and expertise to assist the company as it implements its business plan both domestically and abroad. On behalf of the Board of Directors and its shareholders MIHL welcomes Mr. Kurgansky to its team of professionals”. 

 

Ms. Kurgansky went on to add “I am excited about the opportunity that will allow me to use my skill both domestically and international and I would like to thank the Board of Directors of allowing me to join MIHL at this exciting stage of its development.”

 

For more information or to schedule an interview please contact us at 215 774 1591 or via email at [e-mail] 

 

This Press Release contains forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements about the benefits of the merger between Merck and Schering-Plough, including future financial and operating results, the combined company's plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of Merck's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements.