Touchstone Resources USA, Inc. Changes Name to Cygnus Oil and Gas Corporation
15 June 2006 - 8:06AM
Business Wire
Touchstone Resources USA, Inc. (OTCBB:TSNU) today announced that it
has effected its name change from Touchstone Resources USA, Inc. to
Cygnus Oil and Gas Corporation. The name change was previously
approved by the Company's stockholders at its annual meeting on May
23, 2006. In connection with the Company's name change, the
Company's common stock ticker symbol on the Nasdaq OTC Bulletin
Board is changing from "TSNU.OB" to "CYNS.OB" commencing with the
opening of trading on June 9, 2006. There is no need for
stockholders to take any action as a result of the Company's name
change. Roger Abel, Chairman and Chief Executive of the Company,
stated "With so many changes for the Company since last year - new
projects, new board, new management - a name change will focus
everyone on the tasks ahead. With a constellation as our
inspiration in naming the company, we will strive to stand apart
from the many other exploration and production companies." ABOUT
CYGNUS OIL AND GAS Headquartered in Houston, Texas, Cygnus Oil and
Gas Corporation. is an oil and gas exploration and production
company. Primarily a resource player, its key assets consist of
shale acreage in Woodruff County, Arkansas and McIntosh County,
Oklahoma, and it also owns a variety of producing and non-producing
oil and gas assets in Texas, Alabama, Louisiana, Mississippi, and
New Zealand. Since August 2005, the Company has made significant
changes in its management, Board of Directors and the nature of oil
and gas assets it acquires to better equip itself for future
company growth. FORWARD-LOOKING STATEMENTS This news release
contains forward-looking statements, including, in particular,
statements about Cygnus's plans and intentions. These have been
based on the Company's current assumptions, expectations and
projections about future events. Although the Company believes that
the expectations reflected in these forward-looking statements are
reasonable, the Company can give no assurance that the expectations
will prove to be correct.
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