Trophy Resources, Inc. Launches Two New Divisions
March 27 2006 - 11:30AM
Business Wire
Trophy Resources, Inc (OTC:TRSI) announces its plan to launch two
new divisions. The Company has retained Mr. Michael Iorlano as
interim President to lead and coordinate the building of two
divisions within Trophy Resources; Trophy Oil & Gas and Trophy
Mining. The company feels that it is in a position to develop a
variety of projects in both the mining and energy sectors. It is
our goal to create two very successful entities under the same
parent company. It is our mandate to have a hands-on approach to
each of the projects that we become involved in, and believe that
this offers us the greatest opportunities for growth. As a result
we are choosing projects where we own the land/leases and can
dictate exploration and development according to management's goals
and objectives. "My team and I have spent the last several months
researching and analyzing prospective exploration and producing
projects across the country and have targeted several opportunities
in western Canada, Texas, Oklahoma, Kansas and the Williston Basin
in the upper mid-west. These are well known, proven areas that meet
company economic criteria, as well as, offer some very attractive
upside potential," stated Mr. Iorlano. The company is focusing its
energy on domestic development for several reasons: first; the
importance of maintaining control and accountability is our highest
priority and best achieved in our own backyard. Secondly, the
political and economic climates are as good today as they have ever
been for exploration and development. Thirdly, large amounts of
investment dollars are available for projects as demand is hitting
all time highs for metals and energy resources worldwide. Forecasts
indicate a continuing strong demand for metals will be fueled for
years to come as India and China place increasing burdens on world
market supplies. About Trophy Resources: Trophy Resources, Inc.
(http://www.Trophyoil.com) is a publicly traded company primarily
dedicated to build a diverse portfolio of high value, low risk
energy and mining projects. The Company goal is to evaluate
profitable options, build a solid foundation through acquisition of
land and/or leases and explore and develop the opportunities on
these leases. Certain statements contained herein are
"forward-looking" statements (as such term is defined in the
Private Securities Litigation Reform Act of 1995). Because such
statements include risks and uncertainties, actual results may
differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual results
to differ materially from those expressed or implied by such
forward-looking statements include, but are not limited to, those
discussed in filings made by the Company with the Securities and
Exchange Commission.
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