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Fri, November 27, 2009
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Tue, November 24, 2009 Dolat Ventures Explores Community Initiative Project for West Africa
NEW YORK, NY--(Marketwire - November 24, 2009) - Dolat Ventures Inc. (
"As part of any mining exploration in West Africa's Sierra Leone we intend to spend more than the stated 0.1 percent of annual gross revenues on community initiatives," said Mr. Dovid Hauck, Chief Executive Officer of Dove Diamonds & Mining Inc.
The Company intends to provide PlayPumps to areas where they may be conducting mining operations in order to help achieve the goal of providing easy access to drinking water. Children have fun spinning on the PlayPump merry-go-round while clean water is pumped from underground into a 2,500-liter tank standing twenty-one feet (seven meters) above the ground. A simple tap makes it easy for adults and children to draw water. Excess water is diverted from the storage tank back down into the borehole. Additionally, the water storage tank provides a rare opportunity for advertisement in outlaying communities. All four sides of the tank are leased as billboards, with two sides for consumer advertising and the other two sides for health and educational messages. The revenue generated by this unique model pays for pump maintenance. The design of the PlayPump water system makes it highly effective, easy to operate and very economical, keeping costs and maintenance to an absolute minimum. It is capable of producing up to 1,400 liters of water per hour at 16 rpm from a depth of 40 meters, it is effective up to a depth of 100 meters.
About Dolat Ventures Inc. (
Dolat Ventures Inc. intends to acquire 100% of the outstanding capital stock of Dove Diamonds & Mining, Inc. Dove Diamonds & Mining intends to sell, market, cut and distribute its diamonds and gems around the world. The transaction is expected to close in November 2009. The company intends to purchase rough and uncut diamonds and gems from international suppliers globally. For more information please visit [ www.dove-diamonds.com ]
About PlayPumps International
The mission of PlayPumps International - U.S. (PPI) is to help improve the lives of children and their families by providing easy access to clean drinking water, enhancing public health, and offering play equipment to millions across Africa. PPI was created to fund new innovations for improving access to safe water in rural communities in Africa. Since its creation, the powerful appeal of the "play and pump" idea, together with compelling images of children at play on our equipment, has contributed greatly to increased awareness of the water crisis. There are now many new organizations working to solve that crisis, and many new technologies that have been introduced to bring clean water to communities. PlayPumps are now bringing play opportunities and improved access to safe water in hundreds of communities and schools in South Africa, Lesotho, Malawi, Mozambique, Swaziland, and Zambia. In October 2009, PPI announced that it will contribute its existing inventory of manufactured pumps to Water For People, a nonprofit international humanitarian organization that supports the development of sustainable safe drinking water. PlayPumps International - U.S. is a 501(c)3 organization. For more information please visit [ http://blog.playpumps.org ].
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.
