PATERSON, NJ / MIAMI, FL--(MARKET WIRE)-- September 29, 2006 -- Bogue International, Inc. (PINKSHEETS:BGUE) is pleased to announce that its joint venture partner J.A.B. Mexico, Inc. have received orders to purchase coal from its Mexican coal property. Although the Company is not scheduled to start production until late 2006, they have already received orders for 200,000 tons per month of the Company's high-grade thermal coal from European buyers. The purchasers are prepared to pay $52.00 USD per metric tonne over the next 10 years.
In a statement earlier today, Bogue International, Inc. President Charles Irizarry said, "Coal is in ever increasing demand and we believe that we're in a great position to reap the benefits of this demand in 2007".
Jefferson Bootes, President and CEO of JAB Mexico, Inc. stated " I have worked on negotiating these orders for some time and I am anxious to move this project forward ".
In preparations for future developments in South and Central America, Bogue International, Inc. has moved its Corporate Headquarters to Miami, Florida effective immediately.
About Bogue International
Bogue International, Inc., formerly Bogue Electric Manufacturing Co., was incorporated in 1892 and has been a public company since 1945. The company is focused on acquiring operating companies with world class potential that will increase shareholder value.
About JAB Mexico
JAB Mexico, Inc. holds a 90 % interest in the Monclova Coal Property in the state of Coahuila, Mexico through its subsidiary Tierra Rica Minerales S.A. de C.V.
For more information, please contact:
Charles Irizarry, President
Telephone: 305-913-3434 Email: firstname.lastname@example.org
Safe Harbor under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission
Viðskiptablaðið er 25 ára og af því tilefni býðst nýjum áskrifendum að kaupa áskrift á 50% afslætti.
Afmælisverðið er aðeins 2.500 krónur.
Tilboðið er fyrir nýja áskrifendur. Núverandi áskrifendur geta bætt við sig áskrift á þessu verði. Gildir í 4 mánuði. Áskrifendur fá Viðskiptablaðið, Frjálsa verslun og Fiskifréttir sent ásamt vefaðgangi að vb.is og fiskifrettir.is