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FIMA Initiates Precious Metal Accumulation Strategy

Mon. October 05, 2009; Posted: 09:45 AM
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HUNTINGTON BEACH, CA, Oct 05, 2009 (MARKETWIRE via COMTEX) -- FIMA | Quote | Chart | News | PowerRating -- FIMA, Inc. (PINKSHEETS: FIMA), an emerging diversified land development company, announced today that its wholly-owned subsidiary Goldsource, Inc. has commenced the initial operational phase of the Company's strategy to acquire physical reserves of refined precious metals, including gold, silver, and palladium. These reserves will be safeguarded in order to serve as a hedge against the widely anticipated U.S. inflation expected to result from current fiscal policies, including the federal stimulus package. In addition, these precious metal reserves will also act as a buffer against the continued slide of the dollar in the global currency market, and finally, as a tangible asset to leverage as the Company looks to capitalize on undervalued real estate opportunities as a result of the recent turbulence experienced by the real estate market.

According to a Company spokesperson, "We have spent a great deal of time, effort, and energy researching economic trends and indicators, and we have become firmly convinced that the multitude of economic analysts predicting severe inflation in the U.S. economy are going to be proven correct. It is our carefully considered opinion that precious metals offer one of the best hedges against inflation, and this is of course well established under similar economic conditions in the past. Our management team has developed a comprehensive strategy to protect against inflation domestically, provide a buffer against devaluation of the U.S. dollar internationally, and acquire valuable, tangible real estate assets that are being sold well below their historic market values. This is an exciting time for our Company, and we look forward to executing our strategy for the remainder of 2009 and beyond."

About FIMA, Inc.:

FIMA is engaged in a diverse range of land development and utilization activities, such as the acquisition of raw land and the design and construction of commercial and luxury real estate in the resort regions of Mexico, resource exploration and development in Central and South America, and the acquisition and development of mining properties and mining rights in Central and South America. FIMA operates several subsidiaries, including a prestigious architectural design and construction firm based in Puebla, Mexico, as well as an integrated resource exploration and mining company with holdings in the prolific gold- and silver-producing regions of Colombia. For more information, visit the Company website at:http://www.fimadevelopmentinc.com.

Safe Harbor Statement:

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

Contact:
FIMA, Inc.
714-847-2460
Email Contact


SOURCE: FIMA, Inc.

http://www2.marketwire.com/mw/emailprcntct?id=EA62AF64A6B9B49C
For full details for FIMA click here.

    


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