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Leone Asset Management Issues Corporate Update for Sierra Leone

LEON

LOS ANGELES, Aug. 7, 2014 /PRNewswire/ -- Today, Leone Asset Management, Inc., (Pink Sheets: LEON) has issued a corporate update for its operations in Sierra Leone

"Currently, the Country of Sierra Leone, as well as its neighboring countries Guinea and Liberia are battling the worst Ebola outbreak in history.  Due to this outbreak, the President of Sierra Leone has closed all schools and has made non-essential Government employees and agencies postpone operations until further notice. The World Health Organization has been quoted saying that "the outbreak is out of control and can take up to six months to get it under control."  The United States government as also warned U.S. travelers to eliminate all non-essential travel to the region.   

At this time, Leone Asset has suspended all travel to the region by its employees and consultants, and has temporarily shut down all operations until the life-threatening situation is eliminated.  It is important to say that the disease has not affected our assets in any way, only our current and future operations related to the operation of our assets has been temporarily affected.  Management of all subsidiaries will take this time to re-evaluate all current business models and operations to fine-tune all plans for future expansion and growth. 

Fortunately, at this time I can say that no Leone Asset or subsidiary company employee has been directly infected, and all employees are taking all precautions to stay clear of the disease.  We will be directly following the leadership of the local Government and the World Health Organizations guidelines on returning to the region and to re-starting any operations.

The country of Sierra Leone has roughly 6 million citizens, and all of our thoughts and payers go out to the people for a quick resolution to the crisis and a quick return to strong economic growth," stated Leone Asset President, Tony Khodadad

About Leone Asset Management
Leone Asset Management, Inc., is a U.S. corporation headquartered in Los Angeles, California.  Sierra Leone subsidiary, Leone Asset Management, Ltd., operates as a government contractor as well as owning and operating a group of diversified subsidiaries that operate in mining, agriculture, real estate and development, and consult to a global client base including individuals, corporations, partnerships, institutions and governments.  For additional information, visit: www.leoneasset.com

Forward-Looking Statements Disclosure: This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will" and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.

SOURCE Leone Asset Management, Inc.


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