Energy Management International, Inc. Acquires AM Oil Resources & Technology, Inc. to Obtain Significant Oil Recovery Capabiliti
10 Febrero 2011 - 7:05AM
Energy Management International, Inc. (Pink Sheets:ENMI) announces
today that it has acquired AM Oil Resources & Technology, Inc.,
an oil recovery and technology firm that has proven, tested, and
patented crude oil technology (www.amoilresources.com).
According to Howard Dunn, President, "This acquisition marks a
significant milestone for our Company. Our goal in 2011 is to
produce a significant amount of crude oil from our
existing properties and to acquire oil properties that we believe
will be capable of producing profitable quantities with this
strategy. Technology is paramount in oil recovery. This acquisition
will add significantly to the asset value of the Company and will
prove to be an extremely profitable venture for our Company as it
will allow us to reach our sales, production, and development
goals." According to Anthony Miller, CEO of AM Oil Resources
& Technology, "Finally, after a challenging year, we have
partnered with a firm that has a vision that aligns well with our
objectives. We look forward to cultivating a strategic plan with
our technology. This relationship will not only provide success to
the firm, but to other producers who may want to utilize its
capabilities." About Energy Management International, Inc.: Energy
Management International, Inc.
(www.energymanagementinternational.com) 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.
The Energy Management International, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8741 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.
CONTACT: Energy Management International, Inc.
Corporate:
8023 Vantage Dr. Suite 680
San Antonio, TX 78230
Office: (210) 547-0736
Fax: (888) 452-8153
Email: info@energymanagementinternational.com
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