Press Release Source: Cotton & Western Mining, Inc.
Cotton & Western Mining, Inc. Issues Second Equipment Purchase Order
Friday May 4, 9:45 am ET
RICHMOND, TX--(MARKET WIRE)--May 4, 2007 -- Cotton & Western Mining, Inc. (Other OTC:CWRN.PK - News) -- Robert L. Cotton, President & C.E.O. of Cotton & Western Mining, Inc., announced today that the company has issued its second purchase order for a total of $662,500.00 to Construction Trailer Specialist, Inc. of Sikeston, Missouri for twenty-five (25) 40-foot Packmule Bottom Dump Trailers as part of its ramping up for iron mineral production at one of its selected mineral leases through the "Cotton & Quantum Minerals Venture." All U.S. purchased equipment will be shipped out of the Port of Seattle, Washington.
Construction Trailer Specialist, Inc. is a major mining and aggregate trailer manufacturer of specialized heavy haul trailers.
http://www.constructiontrailerspecialists.com/packmule.html
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This purchase order completes the exported equipment needed to open the first iron ore production project: bulldozers, excavators, wheel-loaders and trucks will be on a lease basis, secured in the area of operations.
The company will be issuing additional purchase orders for sets of crushing, screening and separation equipment together with more hauling trailers to be exported to its Asian mineral leases, for projects two and three. It is anticipated that at least one other mining operation will be started up before the first project is in full production in order to meet iron ore production and shipping requirements of its joint venture partner, Quantum International of Houston, Texas.
CWRN is currently negotiating for two (2) new iron mineral leases to offset the maximum shipping capacity of its initial mining site. Utilizing three (3) ports, the joint venture could expand its shipping capacity to near 500,000 dry metric tons per month, which is now a new shipping target of the venture.
It is expected that the venture will be in production within the six (6) month time frame that was set upon the signing of the joint venture agreement with Quantum International.
Under the terms and conditions of the joint venture agreement, CWRN shall be responsible for all mining operations, and selection of iron mineral leases to exploit, while Quantum International shall be responsible for all funding and finished product contract sales.
For more information on Cotton & Western Mining, Inc. please visit the company website at:
http://www.cottonwestern.com.
About Cotton & Western Mining, Inc.:
Cotton & Western Mining, Inc. (Other OTC:CWRN.PK - News) is a U.S. corporation structured to produce and sell iron ore on a global scale. Currently, the Company is engaged in several mining activities that will provide the Asia Pacific Steel Manufacturing Sector with high grade raw crude iron ore products.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contact:
Contact:
Cotton & Western Mining, Inc.
http://www.cottonwestern.com
(281) 232-8410
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Source: Cotton & Western Mining, Inc
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