Published: April 30, 2010
Americas Energy Company Expands Office to Meet Demand
Americas Energy Company-AECo (OTCBB: AENY) is pleased to announce that it has purchased a larger office space in preparation for the increase demand for personnel that the Artemus Project and the 92 Highway Project will ultimately bring to the Company. The Company is currently in an office space of approximately 2,500 square feet and the newly purchased office will be approximately 6,500 square feet. "The soft real estate market prices and extremely tight commercial finance market presented AENY with an opportunity to acquire Prime Office space at a very reasonable price. AENY plans to expand its accounting, engineering and administrative staff over the next several months in direct response to the increased demand in its coal market," stated Chris Headrick, President and CEO of Americas Energy Company.
About Americas Energy Company
We are a consolidator of high quality energy properties, operating out of our main offices in Knoxville, TN. We currently operate projects in both Kentucky and Tennessee. AECo develops energy projects throughout the Americas. We are currently evaluating several additional coal projects, as well as an oil and gas rework project in Southeastern Kentucky.
AENY is currently producing the three Hance Seams on Upland Church, The Rooster Seams on Hwy 92, and will begin producing the Jellico Seam on the Artemus property. The Artemus property will produce the very desirable Kentucky Blue Gem, a specialty coal used in the production of silicon and ferrosilicon metals. We will also be producing the Jellico and Lily Seams, both are similar in chemical characteristics to the Kentucky Blue Gem.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: This press release contains certain "forward-looking statements" as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties that may arise, the failure to obtain necessary approvals, the future market price of AENY common stock and the ability to obtain the necessary financing. Such factors are detailed from time to time in AENY's filings with the United States Securities and Exchange Commission and other regulatory authorities.
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