Business & Finance
Business and Finance
Business and Finance
Mon, December 20, 2010 
MINNEAPOLIS--([ BUSINESS WIRE ])--Standard Gold, Inc. (OTCBB: SDGR) announces that it has appointed two independent directors, Messrs. Alfred A. Rapetti and Manfred E. Birnbaum.
Alfred A. Rapetti has over 40 years of experience in investment banking, merchant banking, venture capital and entrepreneurship. Mr. Rapetti currently serves as a managing director for NewOak Capital LLC in New York City and was formerly the executive vice-chairman and owner of Avantair, Inc, a fractional aircraft company. From 1995 through 2004, Mr. Rapetti was a senior managing director with Stamford Capital Group, Inc., acquiring over $6 billion of companies over a nine-year period involving some 225 transactions. As an entrepreneur, Mr. Rapetti created and owned a major capital equipment leasing company. Additionally, he started and ran the largest nuclear safety firm in the world, servicing 14 U.S. nuclear utilities and four foreign governments. Mr. Rapetti has a Bachelor of Science in nuclear engineering and marine engineering from State University of New York Maritime College and a Master of Science in nuclear engineering from New York University.
Manfred E. Birnbaum has been an independent management consultant in the energy and power industries since 1994. From 1982 to 1985, Mr. Birnbaum was chief executive officer of English Electric Corp., a wholly-owned subsidiary of General Electric Company of England. From 1958 to 1982, Mr. Birnbaum held various senior management positions at Westinghouse Electric Corporation. Since June 2007, Mr. Birnbaum has served as a director for ZBB Energy Corporation, serving on their audit, compensation, nominating and operating committees. Mr. Birnbaum earned a Bachelor of Arts in mechanical engineering from Polytechnic Institute of the City University of New York in 1957 and a Masters in electrical engineering from the University of Pennsylvania.
Standard Golda™s President, Steve Flechner, expressed his appreciation for Messrs. Rapetti and Birnbaum bringing their decades of business finance, entrepreneurship and major corporate governance experience to the Company.
About Standard Gold, Inc.
Standard Gold is a minerals exploration and development company. Through our wholly-owned subsidiary, Hunter Bates Mining Corporation, we hold title to the past producing gold mine in Colorado known as the Bates-Hunter Mine. We do not claim to have any mineral reserves at the Bates-Hunter Mine. Our common stock trades on the Over-the-Counter Bulletin Board under the symbol "SDGR." To find out more about Standard Gold, Inc. (OTCBB:SDGR) visit our website at [ www.standardgoldmining.com ].
Forward-Looking Statements and Risk Factors
Certain statements included in this press release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. Such statements are valid only as of today, and we disclaim any obligation to update this information. These statements are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to such future outcomes. These risks and uncertainties relate to Standard Gold and its affiliates, and include, among others, the ability to obtain or maintain regulatory approvals; the ability to obtain necessary financing; and other risks and uncertainties described in Standard Golda™s filings from time to time with the Securities and Exchange Commission. Standard Gold disclaims any obligation to update its forward-looking statements.
In addition, the exploration for and development of mineral deposits involves significant financial risks, which even experience and knowledge may not eliminate, regardless of the amount of careful evaluation applied to a process. While the discovery of a mineral deposit may result in substantial rewards, few properties are ultimately developed into producing mines. Moreover, we cannot make any estimates regarding probable reserves in connection with any of our projects and any estimates relating to possible reserves are subject to significant risks. Therefore, no assurance can be given that any size of reserves or grades of reserves will be realized. If a discovery is made, the mineral deposit discovered, assuming recoverable, may differ from the reserves already discovered and recovered by others in the same region of the planned areas of exploration. Further, the cost of exploration and exploitation can be extensive and there is no assurance that we will have the resources necessary or the financing available to pursue projects we currently hold interests in or to acquire interests in other mineral exploration projects that may become available. The risks we face are numerous and detailed information regarding these risks may be found in filings made by us with the Securities and Exchange Commission, including our most recent annual report.
