Message #5 From:
NewsBot Date: June 22, 2006 05:00:00 AM
PTLD News Petrol Industries Earns 4 Cents a Share For The Year Ending In 2005
OIL CITY, La.--(BUSINESS WIRE)--June 22, 2006--Petrol Industries, Inc. (Pink Sheets:PTLD) announced today that the Company had a net profit of $411,534.22 on gross sales of $1.9 million. As of December 31st, the Company had 11 million shares outstanding, which equates to 4 cents a share in earnings. Earnings for the first quarter will show about .01 per share earnings. Management feels confident that they can more than double their earnings in 2006. Petrol Industries is now up to 40 full time employees, with 4 rigs and crews in operation full time, as well as truck drivers, machine operators, welders, and electricians. Management believes that the transition from being an owner/operator to service contractor has been a positive one, and are continuing to upgrade and expand the Company's equipment and services.
About Petrol Industries, Inc.
Petrol Industries is an oil and gas service contractor, located in Caddo Parish Louisiana. The Company provides Oil and Gas related services in Louisiana and Texas.
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. Petrol Industries, Inc.
