Trophy Resources New Officers Evaluate Corporate Status
October 03 2008 - 12:27PM
Marketwired
Trophy Resources (PINKSHEETS: TRSI) CEO John Rose and President
Mark Davis were appointed to their positions by board resolution on
June 9, 2008.
"Immediately upon our appointment as new officers, we began the
task of evaluating the history and condition of Trophy Resources,
Inc.," said Mr. Rose. "Documents have continued to be gathered from
various places where they had been held. Due to the diverse history
of the company, the process has proven to be tedious. However, we
are confident that the process will be completed so decisions can
be made regarding the future direction for the company."
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks. Trophy
Resources, Inc. is an exploration company with limited experience
in the oil and gas industry. At the time of this release Trophy
Resources lacks the financial capabilities to meet its financial
obligations and its management expects to dilute the company's
shares to raise the necessary operating capital. Based upon
industry standards Trophy would be considered highly speculative
and lacks any competitive advantage over its competition.
Additional risks you should consider are that this list is limited
and additional risk not mentioned may apply: failure to meet
Trophy's financial and contractual obligations, Trophy's managerial
errors made based upon the Company's limited experience and
knowledge of the industry, commodity risk, acts of God and
regulatory risk. You should consider these factors in evaluating
the forward-looking statements included herein, and not place undue
reliance on such statements.
Contact: Mark Davis 888-899-8600
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