Hemi Energy Group Updates Shareholders
September 19 2006 - 1:34PM
Business Wire
During the past eight weeks, Hemi Energy Group (Pink Sheets: HMGP)
has been working with the Depository Trust Corporation (DTC) to
resolve a recently discovered issue that dates back to the merger
of the company as a publicly traded entity. This issue should be
resolved within the next few weeks. In the meantime, this issue in
no way affects the daily operations of Hemi. The company also has
some important updates that it will be releasing within the next
few days. About Hemi Hemi Energy Group is an independent crude oil
and natural gas producer employing a unique business model
capitalizing on technological advances to exploit mature fields
with millions of barrels of proven oil remaining in the ground.
Using attractive lease/royalty packages, Hemi has secured tens of
thousands of acres of productive, domestic projects. The company's
forward-thinking strategy has placed it in an enviable position at
a time when prices and global demand for oil continue to rise.
Building on decades of experience in enhanced oil recovery, Hemi
has successfully amassed a substantial and attractive portfolio of
these high-quality domestic properties. By streamlining operations
through cutting-edge technologies, Hemi has the ability to operate
more effectively and efficiently than larger oil companies. For
additional information, please go to www.hemienergy.com or
http://www.stockinformationsystems.com/c/HMGP/index.html "Safe
Harbor" Statement under the Private Securities Litigation Reform
Act of 1995 Statements in this press release relating to plans,
strategies, economic performance and trends, projections of results
of specific activities or investments, and other statements that
are not descriptions of historical facts may be forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
information is inherently subject to risks and uncertainties, and
actual results could differ materially from those currently
anticipated due to a number of factors, which include, but are not
limited to, risk factors inherent in doing business.
Forward-looking statements may be identified by terms such as
"may," "will," "should," "could," "expects," "plans," "intends,"
"anticipates," "believes," "estimates," "predicts," "forecasts,"
"potential," or "continue," or similar terms or the negative of
these terms. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements.
The company has no obligation to update these forward-looking
statements.
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