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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Minerco Inc (CE) | USOTC:MINE | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.000001 | 0.000001 | 0.000001 | 411,508 | 01:00:00 |
Minerco Resources, Inc. (OTCQB: MINE) (the “Company”), a progressive developer, producer and provider of worldwide commodities solutions, releases the following Letter to Shareholders (also available at www.minercoresources.com).
August 12, 2013
Dear Minerco Shareholder,
As your Chief Executive Officer, my primary responsibility is to deliver shareholder value and to ensure the ongoing success of our company. Additionally, my obligations include keeping shareholders informed about new developments, challenges and opportunities. The entire Minerco – Level 5 team is continually reminded of your constant support, and I wish to personally thank you for your patience and commitment that has been, and will continue to be, essential to Minerco – Level 5’s success in the months and years ahead.
It’s a very exciting time at Minerco and Level 5. We have made great strides in all areas. We are building a world class beverage company from the ground up, focusing on laying a sturdy foundation and efficiently managing costs. Through our strategic partnership with Power Brands Consulting (“Power Brands”), we have mitigated many risks and avoided many mistakes of a typical beverage startup company.
I would like to highlight a few of the key accomplishments and building blocks we have set in place since the start of Level 5 just ten (10) months ago.
By utilizing our management team’s strengths and our strategic partnership with Power Brands, we have overcome many challenges associated with the development and evolution of a start-up beverage company, including product formulation, package design and brand identity.
RISE – Energy Supplement (The Coffee Drinkers’ Choice)
CURVES – Women’s Supplement
ARMOR – Immunity Supplement
FLEX – Workout Supplement
Based on feedback received from our industry and consumer advisory panels, we believe our products’ package designs and flavor profiles are unique and exceptional. Formulation and Design details are available on our website at www.minercoresources.com;
A brief overview of our plans for the near future at Level 5 include:
Minerco Resources, Inc., the parent company of Level 5, has successfully been and is currently renegotiating and restructuring existing liabilities to clean up its balance sheet. Liabilities that are not able to be renegotiated or restructured have been and will continue to be targeted for repayment from cash on hand.
We also tightened the focus/scope of Minerco to exclusively concentrate on Level 5. We divested of our controlling operational interest in the Sayab Wind and Iscan Hydro-Electric Projects in exchange for royalty interests. We are in negotiations to make a similar divestiture of our remaining clean energy project, Chiligatoro Hydro-Electric. These divestitures do and will allow us to focus all of our resources on the launch and expansion of Level 5.
The future of Minerco and Level 5 is very exciting and even more promising. With your continued support, we will relentlessly endeavor to turn innovation into convention, development into revenue, and our vision into reality. All of us on your Minerco – Level 5 team will work tirelessly to keep you informed, engaged, and proud to be a Minerco shareholder. Feel free to contact us at info@minercoresources.com or me personally at john.powers@minercoresources.com.
Thank you and best wishes.
Sincerely,
John F. Powers, Jr.President and CEO
Safe Harbor Statement
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.
Minerco Resources, Inc.John Powers, 603-732-6948info@minercoresources.com
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