HENDERSEN, Nev., March 29, 2011
/PRNewswire/ -- Amerigo Energy, Inc. "The Company" (OTC Bulletin
Board: AGOE), announced the execution of a letter of intent with
Grazy.com, Inc. for the purchase of Grazy.com, and all its
corresponding intellectual property for 23 million shares of stock.
The details of the letter of intent are being filed with the
Securities and Exchange Commission, concurrent with this press
release.
Ronald Fricke, co-founder of
Grazy.com, stated, "We are extremely excited for the company to
launch into this sector through AGOE.ob a fully reporting public
company and be able to grow at what we hope is at a very quick
rate." Ron was one of the co-founders of the popular brand
"Fathead" and was instrumental in the sale of the company to The
Camelot Venture Group.
Grazy.com is an e-commerce company positioning itself to become
a very competitive player in the coupon marketing sector, in
offering both traditional and online merchants an opportunity to
connect with buyers in a unique way. Leveraging the exploding
social media revolution, members are given a chance to "Join the
Herd" and "Graze where the grass is ALWAYS greener". A free,
membership-based online community, Grazy.com members gain access to
super saving deals and tremendous money saving offers from our
advertisers. Grazy.com is the traditional coupon based platform
that will offer some twists and benefits not yet seen in this
space. Grazy.com will have a singular, national "deal" along with
numerous city deals and then roll out aggressively throughout the
country, despite other companies that are firmly entrenched in this
space. I view there is plenty of room for another major player to
join the herd and that is Grazy.com," stated Ronald Fricke. "Starting at Midnight on
April 1st, Grazy.com will begin
offering iPads and more to those who join the herd on a weekly
basis. So mosey on in, invite some friends and kick back and have
some fun."
"We believe the addition of Grazy.com to our company will
provide our shareholders with the best possible value along with a
tremendous growth opportunity in an exciting growth oriented
sector," stated Jason Griffith,
Amerigo Energy's Chief Executive Officer.
The company also filed a Form 8K related to its year end audited
financial statements indicating it would be writing down the
non-performing oil and gas assets. This write down further
underlies the company's belief in diversifying it's assets for the
benefits of the shareholders.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995 Statements in this press release relating to
plans, strategies, economic performance and trends, projections of
results of specific activities or investments, and other statements
that are not descriptions of historical facts may be
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Forward- looking information is inherently subject to
risks and uncertainties, and actual results could differ materially
from those currently anticipated due to a number of factors, which
include, but are not limited to, risk factors inherent in doing
business. Forward-looking statements may be identified by terms
such as "may," "will," "should," "could," "expects," "plans,"
"intends," "anticipates," "believes," "estimates," "predicts,"
"forecasts," "potential," or "continue," or similar terms or the
negative of these terms. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we
cannot guarantee future results, levels of activity, performance or
achievements. The company has no obligation to update these
forward-looking statements.
For more information please contact:
Jason Griffith
702-399-9777
SOURCE Amerigo Energy, Inc.