Great East Energy Inc. Changes Name to GASE Energy, Inc.
13 June 2014 - 10:15PM
Marketwired
Great East Energy Inc. Changes Name to GASE Energy, Inc.
NEW YORK, NY and KIEV, UKRAINE--(Marketwired - Jun 13, 2014) -
GASE Energy, Inc. (OTCQB: GASE) (the "Company" or "GASE") which
controls over 160 square miles of producing, clean energy, natural
gas holdings through two local operating companies, today announced
FINRA'a approval of the Company's name change to GASE Energy, Inc.
The name change will be effective as of today, June 13, 2014. GASE
Energy's OTCQB ticker will remain "GASE."
"As we look to expand our business operations into retail CNG in
the fourth quarter of this year, our management, sales, and
marketing teams agree that 'GASE Energy' will better reflect our
diversified operations and future position in the Ukrainian
market," stated Timur Khromaev, CEO of GASE. "We are poised to
launch our Company's new brand and all associated marketing
materials in the third quarter. We believe our approach to the
retail market and eventual sales of our compressed natural gas at
retail CNG stations requires a fresh brand for consumer
recognition, in addition to the value it fosters with new
commercial customers are targeting. We will also re-launch our
Website which we will announce to the market and our shareholders
once it goes live."
About GASE: GASE Energy, Inc. is a producing, development stage
company targeting the growing independent natural gas production
industry of Ukraine, as Europe's second-largest country by land
mass makes energy self-sufficiency from Russia a priority. With
Ukraine natural gas priced over three times U.S. levels, the energy
industry holds compelling economics as well. Through its local
operating subsidiaries NPK-KONTAKT and LISPROMGAZ, the completion
of GASE's well development activities are planned to result in a
multi-million dollar inward investment into Ukraine.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 This press release contains forward-looking
statements made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Forward looking
statements are based upon the current plans, estimates and
projections of the Company's management and are subject to risks
and uncertainties, which could cause actual results to differ from
the forward looking statements. Such statements include, among
others, those concerning market and industry segment growth and
demand and acceptance of new and existing resources; any
projections of sales, earnings, revenue, margins or other financial
items; any statements of the plans, strategies and objectives of
management for future operations; any statements regarding future
economic conditions or performance; uncertainties related to
conducting business in Ukraine, as well as all assumptions,
expectations, predictions, intentions or beliefs about future
events. Therefore, you should not place undue reliance on these
forward-looking statements. The following factors, among others,
could cause actual results to differ from those set forth in the
forward-looking statements: business conditions in Ukraine, general
economic conditions; geopolitical events and regulatory changes,
availability of capital, the Company's ability to maintain its
competitive position and dependence on key management. This press
release does not constitute an offer to sell or the solicitation of
an offer to buy any security and shall not constitute an offer,
solicitation or sale of any securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
CONTACT: John
Mattio +1 646 248-5515
ir@greateastenergy.com www.greateastenergy.com
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