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| Saturday, 5 February 2011, 08:13 HKT/SGT | |
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Rifle, Colo., Feb 5, 2011 - (ACN Newswire) - Natural Resources USA Corporation, (OTC Bulletin Board: NTRC) previously known as Ameralia Inc has announced record 2010 calendar year production and sales rates for its wholly owned subsidiary, Natural Soda Inc.
The Natural Soda plant is located in Rifle Colorado and is the second largest producer of Sodium Bicarbonate in North America.
Total production for the 2010 calendar year increased by 25.09% to 121,425.62 tons from 97,067.91 in 2009.
Sales increased by 29.52% to 123,857.75 tons from the previous 95,626.39 in 2009.
President of Natural Soda Brad Bunnett said the increased production is a result of the 2009 investment in two new production wells sets combined with efficient and reliable manufacturing operations.
"Natural Soda's 2010 manufacturing performance is a direct result of our 2009 well field initiatives," said Mr. Bunnett.
"Both existing and new customers indicated a need for more of our product and we were able to make the necessary enhancements to supply their needs," he said.
Natural Resources USA announced further Natural Soda plant enhancements in late 2010 and President Brad Bunnett provides comment on this project:
"The upgrade to our boiler systems is on track and completion is expected during the year.
The boiler project was the next prudent step in our plans to continue growing our production capacity to meet market opportunities," said Mr. Bunnett.
The company's annual report to the SEC for the year ended June 30, 2010 on Form 10-K reported a profitable year and can be found online at www.naturalresourcescorp.com
Forward Looking Statements
Natural Resources USA Corporation's future conduct depends on a number of factors beyond our control, including the risk that the boiler project is delayed or more expensive than expected, so we cannot assure you we will be able to conduct Natural Resources USA Corporation's operations as we contemplate in this report. This report contains various statements using the terms "may", "expect to", and other terms denoting future possibilities. They are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We cannot guarantee the accuracy of these statements as they are subject to a variety of risks beyond our ability to predict or control. These risks may cause actual results to differ materially from the projections or estimates contained in this report. These risks are discussed in our annual reports filed with the Securities and Exchange Commission.
About Natural Resources USA Corporation
Natural Resources' business is to identify and develop natural resource assets. Its direct subsidiary, Natural Soda Holdings, and its wholly-owned subsidiary, Natural Soda, own Bureau of Land Management leases in Colorado covering large-scale deposits of naturally occurring sodium bicarbonate used for the production of various sodium bicarbonate products. The company also owns various water assets and is currently seeking a Research Development & Demonstration (RD&D) lease from the Bureau of Land Management from deposits of identified oil shale.
For further information:
Nina Dhupelia - Investor Relations, Natural Resources USA Corporation
P: +1(970) 987 2828
E:info@naturalresourcescorp.com
OTCBB: NTRC
Topic: Press release summary
Sectors: Environment, ESG
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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