Russell Industries Engages Business Consulting Firm
HOUSTON-(Business Wire)-September 23, 2009 - Russell Industries, Inc. (Pink Sheets:RIND) is pleased to announce that it has begun transitioning from its simple exploration/pre-development business stage company into an operating development stage company. To accomplish this new goal, Company Management has formulated a new and directed business plan to leverage assets gathered by the Company in its exploration/pre-development stage into two distinct but related alternative energy businesses – mining and sustainable feedstock for bio-fuel purposes.
The Company believes that, if it is successful in implementing its new business plan, that the Company will begin the process necessary to unleash the value of the assets amassed by the Company in its exploration/pre-development stage. In creating this new business plan, the Company retained and worked with a corporate consulting firm, Holism Consulting, Ltd.
Holism Consulting, a boutique consulting firm with footprints in the United States and throughout Asia, has special expertise in natural resources and energy projects including alternative "green" projects. Holism is committed to its belief that "greener" energy is not only much needed but also very possible even within the confines of today's economy and without the need for government subsidies.
In commenting on today’s news, Richard Berman, CEO of Russell Industries, stated, “I have been working diligently to enhance shareholder value and now that we have reached this new plateau, and despite the many challenges and potential pitfalls ahead, I remain more positive than ever in the vision of Russell Industries.” Berman went on to say that, “while no one can make any guarantees, I believe that over time and with Holism’s guidance and advice, that the Company will be able to unleash the potential value of its assets and IP for the benefit of all its shareholders.”
As part of the new business plan that Holism Consulting created with the Company, Holism agreed to assume the responsibility of managing the Companies’ web sites. The Companies’ new sites will become information “portals” as to all aspects of Russell’s businesses increasing Russell's transparency and improving investor's access to information and significant events by implementing, among other things, an online Investor Relations FAQ Page and a Q & A forum.
About Russell Industries
Russell Industries is an alternative energy company. The Company is the majority owner of more than 255 unpatented Uranium mining claims in San Juan County, Southern Utah. The Company is also pursuing development of commercial scale algae production facilities through its wholly owned subsidiary, Algae Farm, LLC.
About Holism Consulting, Ltd
Holism Consulting, Ltd., is a business consulting firm serving companies in the environmental, natural resources, and green-energy industries. Holism has an exclusive network of consultants and advisors throughout Asia and the United States, each with specialized expertise in the various areas that Holism concentrates. Holism draws on this pool of experts to create an optimal team to “get the job done” for the companies it serves.
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. Investors should be aware that the Company raises equity capital by selling its stock as per SEC Regulation D, Rule 504 Exemption to Accredited Investors. One result to date of this method of financing is a large amount of issued and outstanding free trading common stock in the market. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.
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