Plateau Mineral Development, Inc. Converts Tires Into Useful Carbon Credits

Mon Jul 13, 2009 8:30am EDT
 
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  WINSTON-SALEM, NC, Jul 13 (MARKET WIRE) -- 
Plateau Mineral Development, Inc. (PINKSHEETS: PMDP), along with its
partner, Plateau Mineral Development LLC, announced today that the firm,
in conjunction with MEI and Environmental Solutions, has completed a
design for a converter unit that will transform tires into carbon black,
oil, gas and petroleum solvents.

    The fully operational converter is the size of a truck bed. Although the
demonstration unit will not be a full-sized production unit, it will,
nonetheless, display its capabilities for various customers and will most
likely pay for itself in the process. This production prototype unit will
cost in the range of $325,000 to $350,000.

    A representative of Plateau Mineral Development states, "In addition to
turning waste streams into oil, gas and other beneficial products such as
fertilizer and carbon black, the converter will also create carbon credits
that can be sold to the many firms needing them. Therefore, it will be a
worthwhile investment for the company."

    About Plateau Mineral Development, Inc.: Plateau Mineral Development, Inc.
specializes in the exploration and development of energy sources. Its
partner, Plateau Mineral Development LLC, has been in existence for over
five years with successful new wells and rework wells selling both gas and
oil.

    Safe Harbor Statement: This news release contains "forward-looking
statements" within the meaning of the U.S. Private Securities Litigation
Reform Act of 1995. When used in this release, words such as "estimate,"
"expect," "anticipate," "projected," "planned," "forecasted" and similar
expressions are intended to identify forward-looking statements, which
are, by their very nature, no guarantees of Plateau's future operational
or financial performance, and are subject to risks and uncertainties.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release. Due to the
risks and uncertainties, actual events may differ materially from current
expectations. The Company disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

    

Contact:
Orion Financial
800-400-1290

Copyright 2009, Market Wire, All rights reserved.

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