VANCOUVER, B.C., Aug. 6, 2002 (PRIMEZONE) -- Prospector Consolidated Resources Inc. (TSX Venture Exchange:PRR) is pleased to announce that it has entered into an agreement, subject to regulatory approval, with Windward Communications and Consulting of Charlotte, North Carolina. This contract is for the provision of shareholders communications services through conferences, presentations and publications.
The principal of the company is Mr. Kelly Boatright. Mr. Boatright has been providing shareholder communications services for the past twenty years. The services to be provided by Windward Communications include, but are not limited to, the arranging of broker, analyst, institutional and individual investor meetings, the attendance or representation for the company at mining conferences as well as assistance in the preparation of various corporate and investor related materials. Windward will help increase public exposure to the Company's recent and ongoing achievements while continuing to respond to market needs and client interests in the coming months. Following startup, Windward will be paid a fee of US$3,500 per month.
The term of the agreement is open but may be terminated upon 14 days written notice, or may be altered and or revised by mutual agreement. The Company will pay consulting fees only for the services provided but may reimburse for any authorized expenses which may arise with prior management approval.
Once the trial period has been passed, stock options may be granted by Prospector Consolidated Resources. Windward Communications is a team of professionals with offices in North Carolina, Vancouver and soon in London. They will represent the company in scheduled conferences and receptions across the U.S., Canada and Europe.
Windward specifically agrees to follow all U.S. Securities laws when representing Prospector Consolidated Resources in the United States.
On behalf of the Board
"Peter Bryant"
Peter Bryant, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.