CC Holdings GmbH Advises Piedmont Mining Company, Inc. Regarding Corporate Strategy And Precious Metals Online Venture
Luzern, Switzerland (May 20, 2009) CC Holdings GmbH, an investment advisory firm headquartered in Luzern, Switzerland has announced its advisory role in assisting Piedmont Mining Company, Inc. (OTCBB: PIED), a publicly traded US gold exploration company, in implementing its corporate strategy to develop cash flow through the creation of an online precious metals portal.
CC Holdings GmbH believes that the distribution of bullion coins and associated products should significantly improve Piedmont’s cash flow and ultimately the profitability of the Company. In addition to the sale of gold and silver bullion, Piedmont also plans to offer an exclusive range of bullion coins that will be produced by a mint in the USA. Piedmont has a history of cutting edge performance. The Company put the Haile Gold Mine into production in 1985 - which at that time was the first producing gold mine in the Southeastern United States since the Second World War. The addition of an online sales facility, which is due to go live by July 2009, is consistent with Piedmont’s forward-looking management.
“There is an increasingly acute shortage of physical gold and silver bullion” said Dr. Robert Shields Jr., CEO of Piedmont. “People want to take physical delivery rather then hold futures contracts or paper instruments which carry counterparty risk and risk of default”.
In addition to an online store, Piedmont’s new website will provide industry relevant news feeds, live precious metals prices and historical price charts. This will prove to be an important resource for those interested in world bullion markets.
“In these times of economic uncertainty we feel that there is a growing flight back to the safety and security of tangible assets, including real estate and precious metals; People want physical holdings” said John Christopher, director of CC Holdings GmbH. “We will be working with Piedmont to offer a range of products that will be increasingly sought after in the coming years and to help the Company develop cash flow with which to conduct gold exploration”.
CC Holdings GmbH specializes in transparent and tangible investment asset classes. The company primarily deals in Swiss real estate investment products through Peak Capital Partners and has experience in corporate advisory services throughout Europe, The USA and Asia.
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