Cantex Provides Update on SEC Audit
2007年8月16日 - 10:00PM
ビジネスワイヤ(英語)
Cantex Energy Corp. (Pink Sheets:CTXE) announced today that the
Company is updating all financial materials for the SEC audit
report currently being prepared by Tsakopulos Brown Schott &
Anchors, P.C., the Company�s CPA Firm in San Antonio, Texas, and
audited by Malone & Bailey, PC of Houston, Texas. The audit
report is an essential protocol that will serve to facilitate
Cantex Energy�s transfer from the �Pink Sheets� to the OTC Bulletin
Board Exchange in the near term. Cantex is well-positioned for
greater exposure and a more highly regarded trading platform and
continues to move forward in its efforts to accomplish its tasks in
a timely fashion. Cantex Energy is aggressively pursuing multiple
options regarding its opportunities within the Big Canyon Prospect,
located in the Company�s Val Verde Basin, Terrell County, West
Texas, leasehold. The size and scope of this Prospect represents a
major undertaking and requires an encompassing review of all
elements related to current and future drilling objectives within
the leasehold. �We are actively working to expedite all necessary
documentation toward becoming a fully-reporting company and
appreciate the loyalty and patience of our valued shareholders,�
Cantex Energy Corp. President Trace Maurin said. �Transferring from
the Pink Sheets to the OTC Bulletin Board Exchange represents a
sizable milestone in our company�s history, and we are comfortable
that this process will reward our efforts.� Additional information
regarding the Company�s progress will be forthcoming as
developments warrant. About Cantex Energy Cantex Energy Corp. is an
independent, managed risk, oil and gas exploration, development,
and production company headquartered in San Antonio, Texas. The
Company's additional focus is the optimal exploitation and
development of approximately 1,200 acres known as the West Ant
Hills Prospect located in Niobrara County Wyoming. Cantex Energy
Corp. is a Non-Reporting Company, quoted on the Pink Sheets, having
filed a Form 211 pursuant to Rule 15c211 under the Exchange Act,
with the NASD Compliance Unit. For real-time quotes, how to trade
pink sheet stocks, how to protect yourself and additional stock
information, please see www.pinksheet.com. Purchasing shares in
Cantex Energy Corp. involves a speculative investment with
substantial risks, and although the Company intends to use its best
efforts to enhance the value of the shares, there is no assurance
that the Company's operations will be successful. For more
information about Cantex Energy Corp. (Pink Sheets:CTXE) please
contact Barry Gross, Phone: 361-949-4999, or visit the Company�s
website at www.cantexenergy.com. EXCEPT FOR HISTORICAL INFORMATION
CONTAINED HEREIN, THE STATEMENTS IN THIS PRESS RELEASE ARE
FORWARD-LOOKING STATEMENTS THAT ARE MADE PURSUANT TO THE SAFE
HARBOR PROVISIONS IN THE PRIVATE SECURITIES LEGISLATION REFORM ACT
OF 1995. FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS
AND UNCERTAINTIES, WHICH MAY CAUSE CANTEX ENERGY'S ACTUAL RESULTS
IN FUTURE PERIODS TO DIFFER MATERIALLY FROM FORECASTED RESULTS.
THESE RISKS AND UNCERTAINTIES INCLUDE, AMONG OTHER THINGS: THE
POTENTIAL THAT NO COMMERCIAL QUANTITIES OF OIL ARE FOUND OR
RECOVERABLE, THE PRICE OF OIL AND GAS, GEOLOGICAL PROBLEMS THAT
PREVENT US FROM REACHING DRILLING TARGETS AND SPECIFIC RISKS SUCH
AS THE COMPANY'S ABILITY TO RAISE FINANCING AND RISKS INHERENT IN
CANTEX ENERGY'S OPERATIONS. THESE AND OTHER RISKS ARE DESCRIBED IN
CANTEX ENERGY'S FORM 15C211 AND OTHER FILINGS WITH THE NASD AND
SECURITIES AND EXCHANGE COMMISSION.
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