Published: September 25, 2007
Petrol Industries, Inc. Changes Name to Caddo International, Inc.
Petrol Industries, Inc. (PINKSHEETS: PTLD)
announced today that the name of the corporation is changed with immediate
effect to Caddo International, Inc. This change is in line with the recent
acquisition of Angel Construction, and the future development plans of the
company including licensing of new technology.
Mr. Mario Lanza, President of the company, said, "The name change was made
to better reflect our overall business model. We appreciate the patience
that our shareholders, clients and suppliers have demonstrated toward us
while we have worked diligently with all of the regulatory bodies in the
arduous task of restructuring the Company. We are now in a position to
focus on our core businesses and to manage the future growth of the
Company."
About Caddo International, Inc.:
Caddo International, Inc. is a provider of products and services to the oil
and gas industry. The Company provides and integrates products and services
through exploration, development, production, operation and maintenance in
the Louisiana and Texas regions.
The statement in this press release regarding any implied or perceived
benefits from existing oil and gas field properties, actual reserves and
revenues to be derived from the reserves, plans to drill additional oil and
gas wells, anticipated revenues, the acquisition of additional oil or gas
leases, maintaining mineral lease rights, and any other effects resulting
from any of the above are forward-looking statements. Such statements
involve risks and uncertainties, including, but not limited to, the
continued production of gas at historical rates, costs of operations,
delays, and any other difficulties related to producing minerals such as
oil or gas, continued maintenance of the oil field and properties, price of
oil or gas, marketing and sales of produced minerals, risks and effects of
legal and administrative proceedings and governmental regulation, future
financial and operational results, competition, general economic
conditions, and the ability to manage continued growth.
Forward-Looking Statements -- Safe Harbor:
Certain information discussed in this press release may constitute
forward-looking statements within the Private Securities Litigation Reform
Act of 1995 and the federal securities laws. Although the Company believes
that the expectations reflected in such forward-looking statements are
based upon reasonable assumptions at the time made, it can give no
assurance that its expectations will be achieved. Readers are cautioned not
to place undue reliance on these forward-looking statements.
Forward-looking statements are inherently subject to unpredictable and
unanticipated risks, trends and uncertainties such as the Company's
inability to accurately forecast its operating results; the Company's
potential inability to achieve profitability or generate positive cash
flow; the availability of financing; and other risks associated with the
Company's business. The Company assumes no obligation to update or
supplement forward-looking statements that become untrue because of
subsequent events.
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