Galaxy Energy Receives Letter From Amex
March 19 2008 - 9:00AM
PR Newswire (US)
DENVER, March 19 /PRNewswire-FirstCall/ -- On March 17, 2008,
Galaxy Energy Corporation (AMEX:GAX) received a letter from the
American Stock Exchange (Amex) notifying Galaxy of its failure to
comply with Sections 134 and 1101 of the Amex Company Guide because
the company has not yet filed its annual report on Form 10-K for
the fiscal year ended November 30, 2007. The company intends to
file its Form 10-K as soon as its audited financial statements for
fiscal year 2007 are completed. About Galaxy Energy Galaxy Energy
Corporation, a development stage oil and gas exploration and
production company, focuses its operations in the Powder River
Basin of Wyoming and the Piceance Basin of Colorado, in addition to
exploration activities in Germany and Romania. Galaxy conducts its
exploration activities through two wholly owned subsidiaries,
Dolphin Energy Corporation and Pannonian International, Ltd.
Forward Looking Statement This press release consists of forward
looking statements regarding the intent, belief or current
expectations of Galaxy and its management. Prospective investors
are cautioned that any such forward looking statements are not
guarantees of future performance and involve a number of risks and
uncertainties, and actual results could differ materially from
those indicated by such forward looking statements. Galaxy assumes
no obligation to update the information contained in this press
release, whether as a result of new information, future events or
otherwise. Please refer to Galaxy's filings with the United States
Securities and Exchange Commission for discussions of risks and
uncertainties found in Forms 10-K (annual report), 10-Q (quarterly
report) and other filings. Additional information may be found at
the Galaxy Energy Corporation Web site,
http://www.galaxyenergy.com/ or by calling Brad Long, Investor
Relations/Galaxy Energy at (800) 574-4294, or Bevo Beaven or Warren
Laird of CTA Integrated Communications at (303) 665-4200. CONTACT:
Brad Long / Investor Relations Bevo Beaven, Sr. Vice President/GM
Galaxy Energy Warren Laird, Vice President (360) 332-9821 CTA
Integrated Communications (800) 574-4294 (303) 665-4200 DATASOURCE:
Galaxy Energy Corporation CONTACT: Brad Long, Investor Relations of
Galaxy Energy, +1-360-332-9821, 1-800-574-4294; or Bevo Beaven, Sr.
Vice President-GM, or Warren Laird, Vice President, both of CTA
Integrated Communications, +1-303-665-4200, for Galaxy Energy Web
site: http://www.galaxyenergy.com/
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