Dolat Ventures Inc. announces: Sierra Leone Fastest Growing Sub-Saharan African Country According to IMF
NEW YORK, NY, May 10, 2012 (MARKETWIRE via COMTEX) – Dolat Ventures Inc. DOLV 0.00% announced today that the fastest growing economy will be Sierra Leone, projected to grow by 35.9% according to the yearly IMF World Economic Outlook Report published in April 2012.
“According to the Gemological Institute of America, demand for colored diamonds has been unprecedented and The Rough Diamond Index has outperformed The Gold Index over the past 63 years, and the forecast for the next 5-8 years is even stronger Rough Diamond Growth,” said Dovid Hauck, President of Dolat Ventures.
Sierra Leone is a country at a crossroads. The country celebrates its 50th year, Sierra Leoneans are appropriately proud of their success with post-war reunification and reconstruction. Children are learning, infrastructure is expanding, and healthcare is improving. Sierra Leoneans hadn’t seen a functioning locomotive engine in 30 years until African Minerals (AMI) Ltd. rebuilt the rail network in November 2011, almost a decade after civil war ended.
Exports from African Minerals’ Tonkolili and London Mining Plc (LOND)’s Marampa mines are set to boost Sierra Leone’s economy by 51 percent this year, the fastest projected pace of any nation in the world, according to the International Monetary Fund.
Dolat’s Millenium Mining is located in the Sewa River, located in the heart of Sierra Leone, formed by the junction of the Bagbe and Bafi rivers; it flows 150 mi (240 km) to join the Waanje River and form the Kittam, which empties into the Atlantic Ocean. The country’s most important commercial river, it has historically produced the bulk of Sierra Leone’s diamond exports.
For more information please visit: www.dove-diamonds.com
About Dolat Ventures Inc. DOLV 0.00% Dolat Ventures Inc. through its wholly owned subsidiary Dove Diamonds & Mining intends to sell, market, cut and distribute its diamonds and gems around the world. The company intends to purchase rough and uncut diamonds and gems from international suppliers globally.
Forward-Looking Statements This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company’s business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company’s products; the Company’s ability to protect its proprietary information; general economic and business conditions; the volatility of the company’s operating results and financial condition; and other risks detailed in the Company’s filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Dolat Ventures Inc.
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