Tradestar Resources Retains Emrich & Scroggins, LLP; Fiscal 2007-08, Quarter II Financial Reports Are Released
2007年11月13日 - 11:00PM
Marketwired
HOT SPRINGS, AR , an independent energy company engaged in the
exploration, development, exploitation and acquisition of domestic
on-shore oil and natural gas properties, is pleased to announce
they have retained the services of Emrich & Scroggins, LLP,
Certified Public Accountants.
After a review of the company's accounting policies and
practices, Emrich & Scroggins recommended revisions designed to
insure that all financial records and statements in compliance with
Generally Accepted Accounting Principles (GAAP). Approved by the
Tradestar Board of Directors, recommended changes in Depreciation
and Depletion Allowances policies resulted in one-time adjustments
on the Second Quarter, Fiscal Year 2007-2008 reports. The current
quarter's full report can be found at www.Tradestar-Corp.com or
www.PinkSheets.com.
A series of changes in company operations during the current
fiscal year's first and second quarters resulted in significant
reductions in Lease Operating Expenses and even greater reductions
in year-to-date Net Operating Losses. Continued reductions in lease
and other operating expense together with planned expansions of
current operations should result in further reducing Net Operating
Losses during the second-half of the fiscal year ending March 31,
2008.
About Tradestar: Tradestar Resources Corporation strives to
enhance asset value by expanding oil and natural gas reserves
raising production levels and increasing cash flow. Tradestar
intends to foster its growth as an independent oil and gas company
by investing in only proven producing wells.
Additional company information is available at
www.tradestar-corp.com.
DISCLOSURES: "Safe Harbor" statement under the Private
Securities Litigation Reform Act of 1995: This press release
contains forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other risks
detailed from time to time in Tradestar Resources Corporation's
filings with the Securities and Exchange Commission. These risks
could cause Tradestar Resources Corporation's actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of, Tradestar Resources
Corporation.
For further information, please visit our website
(www.tradestar-corp.com)
Contact: Investor Relations firm, A. S. Austin & Company
1-702-386-5379