HE-5 Resources, Corp. Announces New Ownership and Name Change (HRRP)
NEW YORK, NY -- (MARKET WIRE) -- 03/16/06 -- HE-5 Resources, Corp. (OTC: HRRP), announced today that Melson Liao has resigned from each of his positions with the predecessor company Botaniex, Inc., including those of President, Chief Executive Officer and Chairman of the Board of Directors, effective immediately. This follows both the previously announced resignation of Mr. Andrea Cortellazzi and complete withdrawal of his position in the company, and the current sale of Mr. Liao's control position in Botaniex, Inc. to Raynault Consulting Inc.
Raynault Consulting Inc. announced today that its attorneys have successfully filed for a name change to HE-5 Resources Corp., with the Secretary of State of the State of Nevada and have been assigned a new trading symbol from the NASDAQ Market Integrity Department, namely HRRP. Our shareholders have been extremely supportive in response to these internal changes. It is our intention to reward this loyalty in 2006 by demonstrating record fundamental results, accomplished through a renewed emphasis on rapid sales growth and a focus on bottom-line efficiencies. The Company can now focus exclusively on the dynamic, high growth and high margin areas of the mining industry.
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 minerals and metals: gold, silver, mercury, platinum and nickel. With strong and rapidly increasing demand for these minerals and metals from high-growth markets such as Brazil, Russia, India and China, HE-5 foresees a bright and highly profitable future.
HE-5 is involved in the development and funding of mining projects by playing an instrumental role in bringing projects into production status. The Company is currently in the advanced stages of conducting due diligence on mining projects located in Nevada and California. The estimated combined market value of the projects is over $80 million. These projects have an expected production start date of June 2006. Management has diligently pursued interests in several prospective exploration and development properties and is confident that 2006 will be a rewarding year for the company and its shareholders, given management's objective of refocusing the company's activities.
For more information please contact CEO Denyse Raynault at [email protected] or visit the Corporate website at www.he-5.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
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