America West Resources' CEO Dan Baker Interviewed On 'New Captains of Industry'
SALT LAKE CITY, Feb. 4, 2011 /PRNewswire/ -- America West Resources, Inc. (OTC Bulletin Board: AWSR), a domestic compliant coal producer with mining operations in Central Utah, today announced that Dan Baker, the Company's Chief Executive Officer, was recently featured on the online radio show "New Captains of Industry," hosted by America West board member George R. Jarkesy, Jr., who is also a market commentator, institutional fund manager and Chairman of the National Eagles and Angels Association.
During the interview, Baker shares details about his prolific 40-year career working in the global coal mining industry and provides perspective on the historical and current use and benefits of longwall mining versus room and pillar mining methods. Baker also recounts his reasons for leaving retirement to join America West Resources, a company he goes on to emphasize is a "diamond in the rough" and one "in a position to become one of the strongest producers of compliant thermal coal in Utah." Baker also delves into explaining the Company's historical challenges; current mine development strategy; the opportunity to fulfill up to $500 million in new multi-year coal supply contracts; and the plan for expanding coal production at the Horizon Mine to more than 100,000 tons per month within the next 12 months and up to "five to eight million tons annually" within the next three years, presuming appropriate financing is secured to allow for the introduction of longwall mining into the Company's operations.
To directly access the interview, go to: http://www.blogtalkradio.com/newcaptainsofindustry .
About "New Captains of Industry"
"New Captains of Industry" is both an online TV talk show, found at www.jarkesy.com, and an online radio show aired on www.blogtalkradio.com/newcaptainsofindustry.com. Both programs are hosted by George R. Jarkesy, Jr., a recognized expert on the global financial markets and an industry futurist with a focus on entrepreneurial growth companies. Jarkesy has nurtured a lifelong passion for building small businesses and promoting growth of the American economy. A successful money manager and a professional investor, respected financial and corporate advisor and a dynamic public speaker, Jarkesy has founded, invested in and helped to build companies engaged in a broad range of industry sectors. New Captains of Industry's interview guests are CEO's and noted industry experts in natural resources, economic trends and growth companies.
In addition to hosting "New Captains of Industry," Jarkesy is a frequent market commentator on FOX Business News programming and has been featured on CEO Central, iStockAnalyst and HardAssetsInvestor.com. He has also been quoted in the national press, including USA Today among other leading publications.
Jarkesy is the Chairman of the National Eagles and Angels Association. Since June 2007, he has also served as the Managing Member of John Thomas Capital Management Group, LLC, which is the general partner for John Thomas Bridge and Opportunity Fund, L.P. and John Thomas International Fund, LP. John Thomas Capital Management Group, LLC employs creative approaches to hedge its portfolios against multiple risks. He is very active in private placement investment markets, and has originated and/or participated in many investments over the past 20 years, including both debt and equity in angel investments, private, pre-public and public companies.
About America West Resources, Inc.
Headquartered in Salt Lake City, Utah, America West Resources is an established domestic coal producer focused on the mining of compliant (low-sulfur) coal and its sale primarily to utility companies and industrial customers in the western U.S., China and Europe. The Company operates the Horizon Mine, which has recoverable, compliant, high BTU coal reserves. For more information, please visit www.americacoal.com.
Forward-Looking Statements
This news release contains forward-looking statements Please refer to the Company's Form 10-K and other filings with the United States Securities and Exchange Commission (the "SEC") for additional information regarding risks and uncertainties, including, but not limited to, the risk factors listed from time to time in such SEC reports. Copies of these filings are available through the SEC's electronic data gathering analysis and retrieval system (EDGAR) at www.sec.gov. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, statements regarding current or future mining output, ability to obtain necessary equipment, personnel and permits to mine coal, production capabilities, management's strategy, plans and objectives for future operations, plans and objectives for production, plans and objectives for present and future production, plans and objectives for regulatory approval, and anticipated results, constitute forward-looking statements. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, including, without limitation, risks associated with coal production, mining in general and in our mines in particular, ability to achieve the coal output anticipated, ability to obtain permits, ability to hire and retain the necessary personnel, as well as other risks detailed in our filings with the SEC. We assume no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT: |
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ELITE FINANCIAL COMMUNICATIONS GROUP |
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Dodi B. Handy, President & CEO (Twitter: dodihandy) |
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For Media Inquiries: Kathy Addison (Twitter: kathyaddison) |
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407-585-1080 or via email at [email protected] |
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SOURCE America West Resources, Inc.
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