Creston Resources Ltd. Announces Plans to Become a Fully Reporting Company
14 March 2006 - 7:58AM
Business Wire
Creston Resources Ltd. ("Creston" or the "company") (Pink Sheets:
CSTJ) announced today that the company has engaged accounting firm
Hall, Kistler & Co. and engineering firm Ryder Scott in
preparation of the company filing a Form 10-SB with the SEC to
become a fully reporting public company under the provisions of
Section 12(g) of the Securities and Exchange Act of 1934 as
amended, and/or the filing of Form 211 along with its audited
financial statements with NASD to be listed on the OTCBB. Jack
Carson, president and CEO, said, "The hiring of a qualified SEC
accounting firm is a significant step for our company. This will
also provide a vehicle for our investors to access financial and
operational information about the company that will be available to
the public on a regular reporting basis." The Ryder Scott Co. has
begun work on a reserve report for the company that will include
its newly acquired properties announced last week. The report,
which will offer a comprehensive overview of the company's oil and
gas reserves according to SEC-approved guidelines, is another step
that has been undertaken to become fully reporting. Work on the
report is ongoing and will be announced once finalized. This
release contains forward-looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995 that involve a wide variety of risks and
uncertainties, including, without limitations, statements with
respect to the company's strategy and prospects. Readers and
investors are cautioned that the company's actual results may
differ materially from those described in the forward-looking
statements due to a number of factors, including, but not limited
to, the company's ability to acquire productive oil and/or gas
properties or to successfully drill and complete oil and/or gas
wells on such properties, general economic conditions both
domestically and abroad, and the conduct of business by the
company, and other factors that may be more fully described in
additional documents set forth by the company. Readers are
cautioned not to place undue reliance on any forward-looking
statements. The company assumes no obligation to update any
forward-looking statements contained in this document.
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