SALT LAKE CITY, Dec. 13, 2004 (PRIMEZONE) -- Wisdom International Corporation ("Wisdom") (Pink Sheets:WSDM), an international holding company based in Salt Lake City, Utah, recently began trading on the OTC market under the symbol "WSDM".
Wisdom is a diversified holding company engaging in reinsurance, real estate development, mining, trucking and livestock through its privately held subsidiaries. Partnering with in-place management, Wisdom provides its subsidiaries with consultive expertise and financial resources that allow a broad spectrum of opportunities for enhancement of business performance, asset potential and growth.
Wisdom's reinsurance activities are conducted through its subsidiary, International Reinsurance Company, Ltd., with offices in Nevis, West Indies, Norwich, England and Dallas, Texas. Wisdom's International Reinsurance Company has partnered with insurance carriers around the world to provide them with reinsurance of property, casualty, accident, health and annuity policies.
Wisdom operates its real estate development activities through Tamarack Development Company based in Las Vegas, Nevada. Tamarack Development Company is in development of an extensive condominium project in Phoenix, AZ.
Wisdom's mining interests consist of Wisdom Global Mining, Inc., which owns approximately 500,000 tons of Organic Humus in Brewster County, Texas, which is currently being mined, processed and packaged for multiple applications, which include fulvic acid, a derivative of humus, which has numerous medical and health applications.
Wisdom's operations also include livestock and trucking through its wholly owned subsidiaries, La Mejor Livestock Company, Inc., and La Mejor Trucking Company, Inc. La Mejor Livestock Company offers its clients a cattle "preconditioning program", which consists of customized health, backgrounding and grazing programs for feedlots, stocker operations, cow-calf producers and buyers in order to condition young cattle to enter feed yards or breeding herds. In addition to its feedlots, La Mejor currently farms 9000 acres of grain for feed and leases 65,000 acres of land for grazing. In 2003, the company provided services for over 40,000 head of cattle.
Mike Meservy, President and CEO of Wisdom International Corporation, stated that he believes Wisdom's trading on the OTC market, "will enhance Wisdom's current business operations and facilitate further growth and expansion into other markets and business opportunities. This is an exciting time for Wisdom, its subsidiaries and investors and we are confident Wisdom will continue to improve upon our already successful business ventures."
For more information see www.wisdomintl.com
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.
All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.