PATERSON, N.J., April 3, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky based operator of energy and mineral related properties, announced today that it has acquired additional mining equipment through a lease purchase agreement in order to manage their anticipated production demands. The equipment lease purchase included a JOY continuous minor, a JOY shuttle car, and an SNS F488 scoop. The company recently received a large purchase order for up to $8 million of coal through December 2008 from Logan & Kanawha Co., LLC., a West Virginia company.
Everett Hampton, President of the company's contract mining group, White Star Mining, LLC., stated, "We will soon be in the production phase of our endeavor. Quest has shown a real commitment to the project by adding this extra equipment. We now have all of the essential tools needed to fulfill the company's recent coal purchase order."
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.