Department of Land Transfer Information Inc. Acquires Mine Claim Locating Company Engen Exploration

Top Quote The Department of Land Transfer, the leader in mining claim exploration and development in the United States and Alaska, announces that it has purchased Engen Exploration. End Quote
  • Los Angeles-Long Beach, CA (1888PressRelease) December 17, 2015 - DLTI has signed a definitive agreement to acquire the business of Engen Exploration's US entity, based in Phoenix, Arizona. The acquisition will be conducted through the Company's wholly owned subsidiary National Bureau of Mines, Inc. ("NBoM USA") in an asset purchase transaction.

    Engen Exploration is a strong contributor to the mining exploration industry with over a decade of successful service and over 700 corporate customers. Engen also offers a complete range of products for Geology, Mining, Metallurgy, Assaying, Environmental and Geotechnical Industries.

    The integration strategy involves optimized field efforts in North America, combined purchasing power and a unified product and service development plan. These steps are expected to accelerate business model economics through faster revenue acquisition, but with less expense than that of two independent companies, thereby resulting in incremental cash generation.

    "Such highly compatible business models make this an ideal combination," explains Steven Cyros, Founder and Chief Operations Officer of DLTI. "It also signals our intent to lead a consolidation of the mining and exploration service industry."

    "The Engen team has succeeded in its quest to build a company that is a dominant provider of core exploration-based services, and we believe the time has come to join forces with DLTI, who is highly respected in our industry," said Ken Colburn, President and CEO of Engen Exploration. "Our team is excited to work shoulder to shoulder with DLTI to increase our combined market effectiveness as mining exploration service providers as well as geology and industry equipment experts."

    DLTI intends to hire all California, Arizona and Montana-based Engen team members. Working with the San Clemente, California-based DLTI team, the combined operations will expand DLTI's North American presence, noting that Engen has been successfully growing revenues from Canada, in addition to the United States.

    About DLTI
    Since it was founded in 1998, DLTI, which is a privately held Wyoming Corporation, has played an instrumental role in the western United States' mining industry by helping to increase exploration and broaden the range of natural resources under development. An important part of DLTI's work involves teaming up with private and commercial exploration companies and mining interests nationwide. DLTI has built up a diversified portfolio of properties in 11 states, including Alaska, making it possible to prospect for a wide array of metals and minerals while mitigating the uncertainty of operating in a cyclical industry.

    Our in-field exploration model enables us to maximize return on our assets while minimizing risks by working on the ground directly with our clients in many cases. Additionally, DLTI has successfully promoted leading-edge research into advanced methods, equipment and technologies used to boost the effectiveness of exploration activities and the chances of making new discoveries.

    DLTI has been a significant contributor in the development of numerous deposits and successful private and commercial operations in the United States since it was created. More than 4,000 valuable and often historic claims have been discovered to date, with many being located and marketed to the general public since the Company's inception. The value-added benefit of preserving an important piece of our Country's history is added benefit; the mining legacy that built the west and provided economic benefits for countless individuals and entities.

    DLTI's headquarters are in San Clemente, California, USA.

    Forward-looking Statements
    This press release may contain projections or other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended).

    These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements.

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