Premium Petroleum, Inc. Goes Public
10 August 2005 - 11:00PM
Business Wire
Premium is set to exploit petroleum and natural gas reserves in an
environment of unprecedented commodity prices and under the
guidance of a highly qualified management / technical team Premium
Petroleum, Inc. (PINK SHEETS:PPTL) today announced that the Company
has reverse-merged with the listed company ZooTech 2000, Inc.
(ZOOT) and has commenced trading on the US OTC (Pink Sheet) market
under the symbol PPTL. "We are excited about the opportunity before
us," commented Bruce Thomson, President and Chief Executive Officer
Premium Petroleum, Inc. "Premium is set to exploit petroleum and
natural gas reserves in an environment of unprecedented commodity
prices and is positioned to become a major player in this market,"
concluded Thomson. About Premium Petroleum, Inc. Premium Petroleum,
Inc. is an emerging junior oil and gas company financially well
connected, coupled with a strong management and technical team
focused on exploiting oil and gas reserves in the Western Canadian
Sedimentary basin to 6000 feet in depth. Management intends to
pursue a growth strategy through Land Assembly, Farmin / Farmout
and Acquisitions. Company has assembled a seasoned team of managers
and technical professionals in the areas of geology, engineering,
and legal (Petroleum Landman). For more detail about the company,
its management, and projects, please refer to our web site:
www.premiumpetroleum.com. This news release may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Act of 1934, as amended; such statements are subject to
risks and uncertainties that could cause actual results to vary
materially from those projected in the forward-looking statements.
The Company may experience significant fluctuations in operating
results due to a number of economic, competitive and other factors.
These factors could cause operations to vary significantly from
those in prior periods, and those projected in forward-looking
statements. Information with respect to these factors which could
materially affect the Company and its operations are included on
certain forms the Company files with the Securities and Exchange
Commission.
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