SOURCE: Dolat Ventures Inc.
NEW YORK, NY--(Marketwire - Aug 16, 2012) - Dolat Ventures Inc. (OTCBB: DOLV) an exploration diamond development company focused on West Africa, is pleased to report that CNBC's "THE DIAMOND RUSH" will premiere on August 27, 2012 featuring CNBC's Bob Pisani travelling to Africa (http://video.cnbc.com/gallery/?video=3000104339).
The Company believes that investors may be setting their sights on diamonds as the next investment commodity to rival gold. Diamonds are in peak demand and producers are spending more money, and digging even deeper to pull rare diamonds from the earth. Dolat believes all the effort and the expense will pay off and diamond investing may be the next big thing.
Dovid Hauck, President of Dolat Ventures, stated, "I am planning to return to Sierra Leone within the next quarter to implement and maintain our local operations ensuring 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 Mining is located in the Sewa River, 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.