Message #3 From:
NewsBot Date: August 22, 2005 11:00:00 PM
PTLD News Petrol Industries Announces Their First Service Contract, Which Should Yield Over 2 Million Annually
SHREVEPORT, La.--(BUSINESS WIRE)--Aug. 23, 2005--Petrol Industries, Inc. (OTCBB:PTLD) announced today that the Company has signed an exclusive service contract with Four Star Oil Company. Petrol Industries will provide all labor, equipment and oilfield services to Four Star which will enable them to put their oil and gas leases in full operation.
Petrol Industries' management stated, "With this first contract alone, we could generate approximately $190,000.00 or more per month in revenue and over $2,280,000 annually. This excludes the sale of parts, which could produce an additional $50,000.00 per month gross."
Management also stated that this is a first of a series of service contracts that Petrol Industries will be announcing. The Company will be filing an 8K within the next week which will demonstrate how Petrol has reversed its financial outlook of negative losses to asset positive. The Company is also discussing the possibility of acquiring all shareholder stock holdings with 5 shares or less.
About Petrol Industries, Inc.
Petrol Industries is a provider of products and services to the oil and gas industry. The Company provides and integrates products and services through exploration, development, production, operation and maintenance in the Louisiana and Texas regions.
Forward-Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
