TORONTO--(Marketwire - July 20, 2011) - Therma-Med, Inc. (PINKSHEETS: THRA) issued the following shareholder update.
I am pleased to provide an update on the Company's activities. With the support of our shareholders, the Company's activities over the past 6 months have resulted with a solid mining deal with a great possibility for discovery of a significant Ag mineralization.
We decided to explore for silver deposits in the area that has had a history of exploration dating back to the turn of the century. Favourable results of the previous mining operations in close proximity to our property gave us additional boost to start with the property development. The very last stage of initial exploration activities is a field work that is expected to take place by end of the summer. In an effort to get a reliable and verifiable exploration results we have obtained the services of a 43-101 qualified geologist.
Even more, we successfully managed to get a geologist who was previously working in this region, and has a long term presence in the region necessary to fully understand of complicated geological formations on our mining property. Mr. James Atkinson has noticeable experience in the region, and we decided to utilize it in order to advance Therma-Med, Inc. to the next level of exploration. He has an excellent track record in cooperation with numerous large mining operations and his commitment on this project and is definitely taking advanced steps towards higher effectiveness of our whole exploration process. We are confident that the work we are doing will thoroughly confirm our expectations in building our shareholder value.
We will announce further company updates as we make progress over the summer months.
Thank you for your support,
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Therma-Med, Inc. with members of its management team as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.