SOURCE: Dolat Ventures Inc.
NEW YORK, NY--(Marketwire - Aug 1, 2012) - Dolat Ventures Inc. (OTCBB: DOLV) an exploration diamond development company focused on West Africa, is pleased to report an article published by Shai Ahmed the CNBC Associate Editor on July 12, 2012.
"Investors should be putting their money into diamonds, as the precious stones represent the best safe haven available right now," Philip Manduca, Chief Executive Officer at Titanium Capital Partners, told CNBC's Squawk Box Europe. "You should have been parking your money in diamonds for some time now. They are portable, liquid and there are no storage costs unlike other asset classes. You get to enjoy them while you have them. It's been a wonderful place to be and will be a very good place to be in three to five years. Even better than my key recommendation which is gold. For now investors should be in diamonds," he said.
DOLV is very excited to finally begin mechanizing its diamond and potential gold mining operations in Sierra Leone. The Company believes there is significant potential to enhance the existing geological data to support the rapid expansion of production which will help the company secure additional financing.
Dovid Hauck, President of Dolat Ventures stated, "I am looking forward to returning to Sierra Leone to implement and maintain our local operations to help ensure a steady production stream of diamonds and potential gold. The Company is dedicated to a social investment strategy in Sierra Leone and is in the process of its plans to help create local employment opportunities and encourage social development through green energy and water projects."
About Dolat Ventures Inc. (OTCBB: DOLV) www.dove-diamonds.com
Dolat Ventures Inc. through its wholly owned subsidiary Dove Diamonds & Mining intends to sell, market, cut and distribute its diamonds and gems around the world. Dolat's Millenium Mining is located in the Sewa River, located in the heart of Sierra Leone, West Africa formed by the junction of the Bagbe and Bafi rivers; it flows 150 mi (240 km) to join the Waanje River and form the Kittam, which empties into the Atlantic Ocean. The country's most important commercial river, it has historically produced the bulk of Sierra Leone's diamond exports. The company intends to wholesale its rough and uncut diamonds globally.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.