Allenergy, Inc. Voluntarily Updates Financial Info at Pinksheets.com; 'Stop Sign' Removed by OTC Market
2008年7月2日 - 12:00AM
PRニュース・ワイアー (英語)
INDEPENDENCE, Kan., July 1 /PRNewswire-FirstCall/ -- Allenergy,
Inc. (Pink Sheets: ALRY), an independent oil and gas producer
focused on Southeastern Kansas, today announced that it has
voluntarily updated Company financial information at
http://www.pinksheets.com/, and, as a result, the OTC Market has
removed the "Stop Sign" on its stock symbol, ALRY. "Based on a
growing number of requests from our expanding investor base for
additional financial information from us, and to make the Allenergy
operations more transparent to the public, we have supplied several
important updates," said Larry Sanford, CEO and President of
Allenergy. One of the results of these updates has been an upgraded
status on the Pinksheets.com website. Among the items now available
are updated financial statements covering four years of both
balance sheets and Profit and Loss statements, quarterly production
reports and open access to ALRY's Transfer Agent,
http://www.transferonline.com/. The financial data can also be
found on the ALRY Company website http://www.allenergyinc.com/.
Allenergy has 116.6 million issued and outstanding shares. "Last
year our operations required additional funding to achieve our
Phase 1 goals, particularly the new wells on the Ball Lease, so our
outstanding share count rose as we obtained additional expansion
funding. With our recent sale of the Creek County Lease combined
with our current production revenues, we have no current plans to
raise the number of outstanding shares, and are adequately financed
for the foreseeable future," concluded Mr. Sanford. About
Allenergy: Allenergy, Inc. (Pink Sheets: ALRY - News) is an
independent energy company strategically focused on Southeastern
Kansas where it currently holds approximately 4,740 acres of leased
land with more than 150 oil and gas wells on its producing
properties. For more information about the Company, please visit
http://www.allenergyinc.com/ Note: Certain statements in this news
release may contain "forward looking" information within the
meaning of rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Act of 1934 and are subject to the safe harbor
created by those rules. All statements, other than statements of
fact, included in this release, may include forward-looking
statements that involve risks and uncertainties. There can be no
assurance that such statements will be accurate and actual results
and future events could differ materially from those anticipated in
such statements. Contacts: Larry Sanford Allenergy, Inc.:
620/331-9992 E&E Communications Paul Knopick, (949) 707-5365
DATASOURCE: Allenergy, Inc. CONTACT: Larry Sanford of Allenergy,
Inc., +1-620-331-9992, ; or Paul Knopick of E&E Communications,
+1-949-707-5365, , for Allenergy, Inc. Web site:
http://www.allenergyinc.com/ http://www.pinksheets.com/
http://www.transferonline.com/
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