MineCore Chairman Jerry G. Mikolajczyk Brings Home the Gold for Turnaround of Transportation Agency

2008-11-21 15:38:04 -

transportation, gold, madagascar, mining, cfo - MineCore International, Inc. (OTCPK:http://cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fstudio.financialcontent.com%2FEngine%3FAccount%3Diwire%26PageName%3DQUOTE%26Ticker%3DMCIO&esheet=5837615&lan=en_US&anchor=MCIO&index=1), a global developer of gold and gem-bearing properties, today announced that its Chairman, Mr. Jerry G. Mikolajczyk, has won the prestigious Silicon Valley CFO of the Year Award in the category of Interim CFO.
This award, sponsored by the major business journal for Silicon Valley, recognizes

leaders for innovation and effectiveness in financial controls. Mr. Mikolajczyk won this award for his outstanding leadership abilities and his turnaround of the Santa Clara Valley Transportation Authority (VTA) based in San Jose, California.
Contracted in April 2007 through MineCore"s Infrastructure Division to provide consulting services to Valley Transportation Authority, Mr. Mikolajczyk assumed the role of Interim CFO to develop and implement a sweeping reorganization and transformation project. Details of the project can be viewed at: cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fwww ...
"It was critical to retain an executive with the skills and experience necessary to realign financial management practices," said Valley Transportation Authority General Manager Michael Burns. "Appointing Jerry brought tremendous benefits to this major transportation agency."
Mr. Mikolajczyk"s appointment reassured the financial community of VTA"s commitment to sound financial practices and contributed to the upgrading of VTA"s credit ratings. As a C-level team member with a staff of 119, Mr. Mikolajczyk rapidly achieved many accomplishments, including increasing the agency"s cash position by $150 million within the first 90 days of his term, reducing debt by $72.2 Million, establishing two debt reduction funds with $116 million, implementing numerous cost reduction programs and introducing polices and procedures to increase efficiencies and the reporting of financial data to management, the VTA Board and stakeholders.
"Interim CFO Jerry Mikolajczyk led a highly successful effort to create new standards of process, performance and accountability that mirror the financial practices of some of Silicon Valley"s best private companies," said Breene Kerr, Councilman, Los Altos Hills, past VTA Board Member, past Chairman of the VTA Finance and Administration Committee, and currently a Director of MineCore. "These savings and expected future ones are already having benefits for Valley Transportation Authority customers."
"I am very honored to win this Silicon Valley CFO of the Year award, and I am privileged to have served Valley Transportation Authority," said Mr. Mikolajczyk, who is widely known primarily for his mining expertise and sapphire properties in Madagascar. "Although my accomplishments at VTA are notable, they pale in comparison to the value that VTA provides to the citizens and neighbors of Santa Clara County and to the environment. VTA is a robust and pivotal element of the transportation infrastructure in Silicon Valley. I thank the staff of VTA for all of their support, as this award is a credit to their loyalty and dedication to make VTA the best transit provider in the world. I also want to thank the shareholders of MineCore for supporting the company as I completed this special assignment which has provided shareholder value in many ways, such as opening the gateway for MineCore to enter the solar, semiconductor and LED markets through the supply of natural sapphire."
About Mr. Mikolajczyk
Jerry G. Mikolajczyk is Chairman and Chief Operating Officer of MineCore. He is also the acting President of MineCore.
Mr. Mikolajczyk has more than 27 years of experience in executive and senior management positions with large international mining, exploration, construction and oil & gas companies. His business career spans more than 35 years with expertise in fiscal control, operations and construction with over 18 years in the mining industry, including operational experience in tar sands, copper, uranium, gold, limestone and precious stones.
Mr. Mikolajczyk has worked for Fortune 500 companies such as BP Resources (British Petroleum), SCI Group of Companies, Syncrude, Bechtel, Guy F. Atkinson and INCO. Jerry is an internal control specialist and has performed hundreds of internal audits including operations audits to SOX compliance audits, internal control reviews and assessments. He is sought after as a lecturer, and has authored papers on internal control, project control and P3 projects.
Mr. Mikolajczyk is the visionary behind MineCore"s vertical integration model to harness the company"s sapphire-bearing properties in Madagascar to provide cutting-edge, efficient worldwide energy solutions and applications for the solar, semiconductor and LED markets through the supply of natural sapphire.
About VTA
Santa Clara Valley Transportation Authority (VTA) is an independent special district responsible for bus, light rail and paratransit operations; congestion management; specific highway improvement projects; and countywide transportation planning. As such, VTA is both an accessible transit provider and multi-modal transportation planning organization involved with transit, highways and roadways, bikeways and pedestrian facilities. VTA has gross assets of $3.3 Billion, debt of $891 Million and a cash portfolio exceeding $1 Billion as of June 30, 2007. For more information about VTA log on to cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fwww ...
About MineCore
MineCore is an exploration company, as defined under SEC Industry Guide 7. The Company's mission is to successfully identify, acquire and develop gold and mineral properties with a program to commence mining operations and develop solid growth with profitable operations. MineCore is planning to bring its sapphire operations in Madagascar into production through a strip mining operation in 2009 upon successful financing to sustain operations and administrative costs.
MineCore's assets include 15,000 square hectares of sapphire-bearing property in Madagascar, 1,000 hectares of ammolite-bearing property in Canada and 520 hectares of gold-bearing property in Venezuela. MineCore also has revenue-producing subsidiaries in the construction and professional service sectors.
This Press Release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the mining and manufacturing operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in our recent filings. Under no circumstances does this Press Release constitute an offer to sell or a solicitation of an offer to buy the securities of the company described in this Press Release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction.
For Further information on this news release or on the Company, please visit our Web site at cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fwww .. .


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