KADING COMPANIES, SA ANNOUNCES THREE MONTH FINANCIAL STATEMENT FOR SYSTEM CEMENT GROUP - UKRAINE ENDING ON SEPTEMBER 30 2015,
Road Town, Tortola. October 15, 2015 Kading Companies, S.A. (OTC: KDNG), announces the Financial Statement for System Cement Group LLC, Ukraine from July 1, 2015 to September 30, 2015.
Total assets were $1,926,910 and total shareholder equity was $1,533,800.
Total sales came in at $703,500 and the net after tax profit was $359,100. As of July 1, 2015 the financial reports are performed as System Cement Group – Ukraine.
Kevin Kading, the President of Kading Companies, commenting on the financial results, stated that “I am very pleased with Kading Companies’ partners in the Ukraine. I believe that our partners there have the knowledge and tenacity to continue to build an exceptional and very profitable company over the coming years. I am very enthused that Kading Companies is participating in this growth.”
Kading Companies owns 70% of System Cement Group –Ukraine.
As a note: According to the Minister of Infrastructure of the Ukraine, Andrew Pivovarskiy, the first projects of new roads with concrete pavement will start at the end of the current year. Furthermore, Mr. Pivovarskiy stated that a budget of $155 million in 2015 will initiate this project and substantially increase during the following years. This development should be of great benefit to System Cement Group and Kading Companies.
Kading Companies is continuing to seek funding for the alluvial mining project in South America. Kading Companies is also reviewing opportunities in tailings and mining projects in Nevada, Colorado, Utah, and Montana.
Kading Companies is focused on mining and metals operations that are producing or can be producing within six months of acquisition. Kading is focused on a global basis, with its initial emphasis in Ukraine, South America, Africa, and North America. Kevin Kading, President of Kading Companies said “I am very excited about the opportunities that we are being presented with and I am highly confident we will create significant value for our shareholders, investors, miners and the local communities.”
This news release includes certain forward-looking statements concerning the future performance of Kading Companies, S.A and the Ukraine company’s business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing as described in more detail in the Company's recent OTCmarkets.com filings. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.
OTCMarkets.com does not accept responsibility for the adequacy or accuracy of this release.
Contact: Kevin H. Kading: 917-575-1920. Email: kdng@prodigy.net www,kading.co