Message #31 From:
NewsBot Date: January 16, 2007 01:30:00 AM
PGPM News Pilgrim Petroleum Announces German Website Launch
IRVING, Texas--(BUSINESS WIRE)--Pilgrim Petroleum (PINK SHEETS: PGPM) (FWB: PHV) today announced the
launch of the company’s website in German,
which will provide Pilgrim’s investors,
trading on the Frankfurt Stock Exchange, with local language
information. This initiative will contribute to create further awareness
in European private and institutional investors.
Rafael Pinedo, Pilgrim Petroleum Corporation’s
Chief Executive Officer, said, “Our next step
to fully maximize Pilgrim’s new listing is to
hire a prominent investor relations firm based in Europe and start our
marketing efforts on the German and European Market.”
These initiatives fall under the new investment program that will be
developed and implemented by the company in the first & second quarter
of 2007.
Pilgrim Petroleum Corporation (PINK SHEETS: PGPM) (FWB: PHV) is an
independent oil and gas company based in Irving, Texas. The company is
acquiring oil and gas leases, producing properties, mineral rights, and
surface interests primarily on marginal fields. Once acquired, the
company intends to redevelop each property to maximize the income from
each property by refurbishing and improving the existing production.
Forward-Looking Statements: The statements which are not historical
facts contained in this release are forward-looking statements that
involve risks and uncertainties, including but not limited to, the
effect of economic conditions, the impact of competition, the results of
financing efforts, changes in consumers' preferences and trends. The
words "estimate," "possible," and "seeking" and similar expressions
identify forward-looking statements, which speak only to the date the
statement was made. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, because of new
information, future events, or otherwise. Future events and actual
results may differ materially from those set forth herein, contemplated
by, or underlying the forward-looking statements.
2006 Pilgrim Petroleum Corporation. The information herein is subject to
change without notice. Pilgrim Petroleum Corporation shall not be liable
for technical or editorial errors or omissions contained herein.
