Published:
Allenergy, Inc. Voluntarily Updates Financial Info at Pinksheets.com; 'Stop Sign' Removed by OTC Market
INDEPENDENCE, Kan., July 1 /PRNewswire-FirstCall/ -- Allenergy, Inc.
(Pink Sheets: ALRY), an independent oil and gas producer focused on
Southeastern Kansas, today announced that it has voluntarily updated Company
financial information at http://www.Pinksheets.com, and, as a result, the OTC
Market has removed the "Stop Sign" on its stock symbol, ALRY.
"Based on a growing number of requests from our expanding investor base
for additional financial information from us, and to make the Allenergy
operations more transparent to the public, we have supplied several important
updates," said Larry Sanford, CEO and President of Allenergy. One of the
results of these updates has been an upgraded status on the Pinksheets.com
website. Among the items now available are updated financial statements
covering four years of both balance sheets and Profit and Loss statements,
quarterly production reports and open access to ALRY's Transfer Agent,
http://www.transferonline.com.
The financial data can also be found on the ALRY Company website
http://www.allenergyinc.com.
Allenergy has 116.6 million issued and outstanding shares. "Last year our
operations required additional funding to achieve our Phase 1 goals,
particularly the new wells on the Ball Lease, so our outstanding share count
rose as we obtained additional expansion funding. With our recent sale of the
Creek County Lease combined with our current production revenues, we have no
current plans to raise the number of outstanding shares, and are adequately
financed for the foreseeable future," concluded Mr. Sanford.
About Allenergy: Allenergy, Inc. (Pink Sheets: ALRY - News) is an
independent energy company strategically focused onSoutheastern Kansas where
it currently holds approximately 4,740 acres of leased land with more than 150
oil and gas wells on its producing properties.
For more information about the Company, please visit
http://www.allenergyinc.com
Note: Certain statements in this news release may contain "forward
looking" information within the meaning of rule 175 under the Securities Act
of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the
safe harbor created by those rules. All statements, other than statements of
fact, included in this release, may include forward-looking statements that
involve risks and uncertainties. There can be no assurance that such
statements will be accurate and actual results and future events could differ
materially from those anticipated in such statements.
Contacts: Larry Sanford
Lsanford2@aol.com
Allenergy, Inc.: 620/331-9992
E&E Communications Paul Knopick, (949) 707-5365
pknopick@eandecommunications.com
SOURCE Allenergy, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: ,OIL,OTC,KS-Allenergy-Updates
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