Energy Management International Completes Oil and Gas Project Development Asset Purchase
25 Mayo 2010 - 7:30AM
Marketwired
Energy Management International, Inc. (PINKSHEETS: ENMI) -- During
4th fiscal quarter business operations the company finalized
purchase of all oil and gas related project development efforts,
contracts, letters of intent, and operation agreements from
Franklin Oil and Gas, Inc., for issuance of common shares of stock
to Franklin Oil and Gas, Inc. The acquired assets consist of
multiple US based and South American internationally based
contacts, and preliminary, non-material engagements with financiers
and oil and gas project development opportunities. The assets
represent significant pre-project development efforts completed by
the Franklin group that provide an excellent opportunity from which
Energy Management International can move into the project
development and financing phase. Projects include oil and gas
production and exploration and downstream gas to energy projects.
About Energy Management International,
Inc: Energy Management International, Inc. is positioning
itself to add North and South American oil and gas production, and
enter into downstream processing design, build, and/or operating
agreements in Paraguay, Bolivia, and Argentina.
Franklin Oil and Gas, Inc. is a privately held Nevada
Corporation partially owned by Franklin Mining, Inc. Franklin
Mining, Inc. has mining interests in the United States and Bolivia;
additional information is available at www.FranklinMining.com.
DISCLOSURES: "Safe Harbor" statement under
the Private Securities Litigation Reform Act of 1995: This press
release contains forward-looking statements that are subject to
risk and uncertainties, including, but not limited to, the impact
of competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other risks
detailed from time to time in Energy Management International,
Inc.'s filings with the Securities and Exchange Commission. These
risks could cause Energy Management Internationals, Inc.'s actual
results to differ materially from those expressed in any
forward-looking statements made by, or on behalf of, Energy
Management International, Inc.
For additional information, please visit our website
www.EnergyManagementInternational.com or contact our Investor
Relations firm A S Austin Company 858-537-7439 Email Contact
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