PATERSON, N.J., Nov. 9, 2009 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMNMB), a Kentucky based operator of energy and mineral related properties, today announced that it is currently pursuing a prospective venture involving a coal washing plant in Martin County Kentucky.
Eugene Chiaramonte, Jr., President of Quest, stated, "This is a very exciting and unique endeavor for the company. Although any future plans would be completely speculative at this point, we are currently speaking with the leaseholders of this facility to see if any mutual business arrangements can be formed. Having a wash plant at our disposal would add an enormous range of opportunities. Not only does it cut down hauling costs and processing fees, but the operations alone would broaden the distribution channels and boost revenues from higher gross margins."
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.