Hallmark Venture Group Expands into the Natural Gas Industry
March 12 2010 - 7:17AM
Business Wire
Hallmark Venture Group, Inc. (OTC: HLLK) announced
today that its subsidiary, Humble Energy, Inc., has completed the
acquisition of 60 producing natural gas wells in the
Oklahoma/Arkansas gas fields. This brings the total number of wells
owned by Humble Energy, Inc. to eighty-three (83). Humble Energy,
Inc. is a natural gas producing company that receives royalties on
the operation of gas wells. The maintenance and servicing of the
wells is contracted to major oil and gas producing companies in the
area.
Hallmark Venture Group,
Inc. is developing Humble Energy, Inc. to take advantage
of the tremendous demand for energy in the United States. A number
of experts, such as T. Boone Pickens, and CNBC commentator, Chris
Jarvis, have stated that natural gas is the only practical solution
to the energy shortage. A battery can’t move an 18-wheeler truck.
The technology isn’t there yet. Natural gas is the only present
alternative. Many commercial vehicles have already converted to
natural gas such as buses, taxis, and service trucks. This trend is
just beginning. Humble Energy, Inc. plans to continue acquiring
natural gas wells as rapidly as possible to take advantage of the
expected growth in this industry in the near future. Hallmark
Venture Group, Inc.’s president, Robert L. Cashman, states: “By
purchasing existing, producing wells we eliminate most of the risk
in the natural gas industry. We will never have the problem of
drilling a dry hole! This business plan makes Humble Energy, Inc.
profitable from day one.”
Hallmark Venture Group,
Inc. is a mini-venture fund, investing in small to
medium size companies that have the potential to grow rapidly and
benefit from being a public company. As the companies develop,
Hallmark leads them through the steps to become public causing
Hallmark Venture Group, Inc. to enjoy a significant increase in its
investment and, in turn, an increase in value for its
shareholders.
Hallmark Venture Group, Inc. stock is traded on the OTC Pink
Sheets under the symbol HLLK. For more information look at
www.hallmarkventuregroup.com or contact Robert L. Cashman,
President, at (714) 538-5214 or Bobc@hallmarkventuregroup.com.
The information contained herein contains certain forward
looking statements within the meaning of Section 27A of the
Securities Act, as amended and Section 21E of the Securities
Exchange Act as amended and the Private Securities Litigation
Reform Act of 1995 and is subject to the safe harbors created
thereby. While the company believes that the assumptions underlying
such forward looking information are reliable any of the
assumptions could prove inaccurate and therefore there could be a
difference between the actual and the predicted results.
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