AUSTIN, Texas, Aug. 4 /PRNewswire-FirstCall/ -- Laredo Oil, Inc.
("Laredo Oil") (OTC Bulletin Board: LRDC), today announced that it
has moved its corporate headquarters to Austin, Texas. This move enables Laredo Oil to
capitalize on the innovative and technological components the
region has to offer.
"The new location achieves two very important goals for us as we
plan for growth," said Mark See,
President and CEO of Laredo Oil, Inc. "First; it puts us in the
heart of the oil patch. And second, being close to the research
capabilities and talent pool at the top ranked Petroleum
Engineering Department of the University of
Texas makes Austin the
ideal location for us."
ABOUT LAREDO OIL, INC.
Laredo Oil, Inc. (www.laredo-oil.com) is an exploration and
production company specializing in Enhanced Oil Recovery techniques
targeting mature and declining oil fields. Laredo Oil plans to
acquire targeted oil fields and use its unique UGD™ model to
profitably recover stranded oil reserves previously thought to be
incapable of economic recovery. Our common stock is listed on
the OTC Bulletin Board under the symbol, "LRDC".
This press release and the statements made by Laredo Oil, Inc.
in this press release may be forward-looking in nature and are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such forward-looking
statements describe the Company's future plans, projections,
strategies and expectations, and may be identified by words such as
"expects", "anticipates", "intends", "plans", "believes", "seeks",
"estimates" or words of similar meaning. These
forward-looking statements are based on assumptions and involve a
number of risks, uncertainties, situations and other factors that
may cause our or our industry's actual results, level of activity,
performance or achievements to be materially different from any
future results, level of activity, performance or achievements
expressed or implied by these statements. These factors
include changes in interest rates, market competition, changes in
the local and national economies, and various other factors
detailed from time to time in Laredo Oil, Inc. SEC reports and
filings, including our Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K. The Company
undertakes no obligation to update publicly any forward-looking
statements to reflect new information, events or circumstances
after the date hereof to reflect the occurrence of unanticipated
events.
SOURCE Laredo Oil, Inc.
Copyright g. 4 PR Newswire