Trophy Resources Updates Investors
April 02 2009 - 9:00AM
Marketwired
Trophy Resources (PINKSHEETS: TRSI) is pleased to issue an update
to our committed shareholders. As previously disclosed Trophy has
undertaken some very major steps recently in its efforts to clean
up its balance sheet and reduce its debts. The company will
continue to take such similar steps in the near future, positioning
the company to move forward in making strategic acquisitions or
combinations that will be accretive to the company. There has been
tremendous interest from shareholders and potential investors and
the company will strive to update shareholders as events unfold.
The company is in the process of updating its issuer information
statement and announcing a new direction for the company. We expect
to have the information up shortly. In addition we will be updating
the website which is currently down.
Commenting on the recent events, Joe Canouse, CEO of Trophy
resources, said, "Extraordinary times have produced extraordinary
solutions. These recent steps the company has followed give Trophy
the freedom to move forward in its quest to explore acquisition
opportunities with the ultimate goal of enhancing shareholder
value."
Trophy Resources, Inc. (www.trophyoil.com) is a development
stage company. The Company's goal is to evaluate profitable
options, build a solid foundation of assets through acquisition of
existing businesses, land and/or leases, and explore and develop
opportunities on these leases.
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 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 -- 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: Mr. Joseph Canouse 678-325-4772
Joe.canouse@thinpinkllc.com
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