TCRI to Trade as Petrosearch Corporation and Receives Symbol PSCP
November 04 2003 - 5:27PM
PR Newswire (US)
TCRI to Trade as Petrosearch Corporation and Receives Symbol PSCP
HOUSTON, Nov. 4 /PRNewswire-FirstCall/ -- Texas Commercial
Resources, Inc. , Houston -- which has reorganized into a holding
company under the name Petrosearch Corporation, a Texas
corporation, for purposes of its combination with Petrosearch
Corporation, a Delaware corporation -- announced that its OTC
Pinksheets Trading Symbol will change to "PSCP" tomorrow November
5, 2003. The Company said that the former symbol, TCRI, will be
abandoned simultaneously with the change to the new symbol. The
Company is now conducting business under the name Petrosearch
Corporation. Petrosearch Corporation will begin a new identity
program, featuring its new web site, http://www.petrosearch.com/
and more readily identifying it with its new oil & gas related
holdings. About Petrosearch: Petrosearch Corporation was created by
a team of seasoned and successful oil and gas professionals.
Through its Advisory Committee and broad base of co-founders,
Petrosearch has extensive depth of management and experience in oil
and gas exploration, development, production, marketing and
financing. The company's unique approach to finding and developing
top oil and gas prospects in North America includes incubator
investment strategies and franchise financing through joint
ownership incentive agreements with existing, successful
independent oil and gas producers possessing exclusive knowledge of
overlooked, undeveloped or underdeveloped oil and gas resources.
Leading independents are motivated to bring their best prospects to
Petrosearch because they stay on to manage the subsidiary operating
companies created to exploit each petroleum asset and share fully
in the value generated as the properties are developed. After
initial funding has been returned to the parent company, each
independent has the option of acquiring equity ownership in his/her
own subsidiary. Petrosearch Corporation, through its current three
wholly owned operating subsidiaries, holds oil and gas properties
in Texas and North Dakota. Forward-Looking Statements: Certain
statements in this news release may contain forward-looking
information within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and Section 27A of the Securities
Act of 1933, as amended. All statements, other than statements of
fact, included in this release, including, without limitation,
statements regarding potential future plans and objectives of the
Company, are forward looking statements that involve risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. For
Further Information, contact: Investors: Greg Noble, Vice
President, Corporate Finance, Petrosearch Corporation; telephone -
713-914-9193; e-mail - . Media: A. D. Koen, Petrosearch
Corporation; telephone - 713-914-9193; cellular - 713-294-8728;
e-mail - DATASOURCE: Texas Commercial Resources, Inc. CONTACT:
Investors, Greg Noble, Vice President, Corporate Finance +1-713-
914-9193, , or Media, A. D. Koen, +1-713- 914-9193, cellular -
+1-713-294-8728, , both of Petrosearch Corporation Web site:
http://www.texascommercial.net/
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