AndhraNews.net
Home » Business News » 2011 » February » February 22, 2011

Supplementary Information Regarding the Triton Joint Venture Mining in Nevada


February 22, 2011 - Tiburon, CA

Triton's (PINKSHEETS: TTDZ) Management wishes to inform all shareholders and trusts that everyone will understand that until all the confidential information has been securely protected, it is very difficult to expose all the particulars shareholders wish to have. This information is very sensitive and very valuable to other competitors of the company that can take advantage and establish operations nearby or allow them to compromise the safety and well being of the operating officers of the joint venture. Therefore, information about geographical locations of the mines, quantities of the minerals, names and participating companies in the operation will remain private until it is safe to reveal them.

Suffice to report that the mines occupy 280 acres. There are 14 claims that are being registered. The joint venture corporation is being presently formed and it will own a 5-year exclusive lease of the mines with an option of an additional 5 years and an additional option to own the mines outright in 12 months for an additional investment. Once the joint venture is established, the agreed upon investment from China will be immediately transferred to the joint venture, and all leases and operating agreements will be put in place to start mining.

It is important to report to the shareholders that the company is expected to establish a security company that will protect all employees, managers, officers and directors of the joint venture.

The company will always protect all employees and make sure to keep them safe from harm's way. Consequently, paying attention to trouble makers and people that don't care what happens to their fellow men are not worth listening to.

As previously indicated, the company's management will release additional information further this week on the progress and the results that are being achieved. It is important to note that the project contemplated in Nevada is very big and very rich. Shareholders will not be disappointed. The Company's Management wishes to express that all they want is to see the company successful in its endeavors and to have the opportunity to elevate it to a higher exchange for the benefit of the shareholders. People that are heavily criticizing and bad mouthing the company have no interest to see the company succeed and have no commitment or investment to protect, nor do they have any idea what is being achieved behind the scenes. All they are doing is misinterpreting every press release.

The company is putting all its energies to many directions to attain all the goals that it set out to accomplish -- such as working with the attorneys and the auditors to prepare the company for reporting to the Securities and Exchange Commission first as an OTC company, then to move it to a higher exchange. All this takes time, money and lots of effort to reach these goals. Management wishes to advise everybody that it is focused and determined to move forward with their partners.

FORWARD-LOOKING STATEMENTS

This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. The company's operations and business prospects are always subject to risk and uncertainties.

Contact:

Triton Distribution Systems, Inc.
Gregory Lykiardopoulos
CEO
415-381-4806

MarketWire

Comment on this story

Share