Turner Valley Oil and Gas Inc (TVOG)

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Turner Gives Updates on Ongoing Audits, Canadian Trading, and Shipping Website
Jun 14, 2017
Turner Valley Oil and Gas, Inc. (the “Company”) (OTC: TVOG), pending name change to Turner Venture Group, Inc., in the interest of keeping shareholders abreast of ongoing company events, has three items of note to inform investors about.
Regarding the ongoing audits, things have picked up rapidly since the company’s new CFO, Rick Adams, has begun his duties at Turner. There has been much progress made in completing the necessary filings, including the Form 10K and the Form 10 for uplisting, and Turner expects to have the audit process completed soon. This will allow TVOG stock to uplist to the OTCQB, which is a higher and more respected exchange, driving more interest and opportunities to attract investors. Rick Adams is quoted as saying, “It has been a pleasure to begin work at Turner. One of my first priorities upon my hiring was to finish the audits, and the team and I have gone at it full force. I can say that things are going very smoothly, and I expect them to continue to do so until the audit is completed.”
As previously identified, the company has initiated steps to address the Canadian trading restriction on trading Turner stock. A company representative was dispatched to Vancouver, British Columbia two weeks ago to help resolve the issue. Good headway was made and a clear path was laid out to regain compliance by the regulators that the Turner representative spoke to. It is expected that once the audits are done, trading on the stock can begin within a short amount of time thereafter. Please stay tuned for updates as Turner is aware that it has a number of current and potential Canadian investors who are eagerly awaiting for trading to resume.
Finally, the Bitumen Shipping website located at Bitumentankers.com is going to undergo some changes in the next few days and weeks as pages and links are posted as more information can be disseminated to the public. This will be the website for the shipping company acquisition, and will serve as a subsidiary website to Turner’s main site located at TurnerVentureGroup.com. Please check the website regularly for updates as items are added as the acquisition nears closing.
Existing shareholders and prospective investors can sign up to receive company news, announcements and investor updates at http://bitumentankers.com/signup/.
About Turner Valley Oil and Gas, Inc.
Turner Valley Oil and Gas, Inc. (pending name change to Turner Venture Group, Inc.) (OTC:TVOG) is a business holding company, with a historical focus on energy related holdings. The Company’s acquisition model is focused on finding and evaluating profitable small to mid-sized businesses as acquisition candidates where cash flow can be improved through its buy, build & bolt-on model within the shipping, real assets, energy, infrastructure, enterprise technology, and manufacturing segments.
Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.
Contacts:
Steve Helm, CEO
Turner Valley Oil And Gas, Inc. (pending name change to Turner Venture Group, Inc.)
Phone: [phone]
Email: [e-mail]
Website: http://turnerventuregroup.com/
Address: 3270 Sul Ross, Houston, TX 77098 $TVOG Turner Raises Guidance On Bitumen Shipping Acquisitions; Plans Expansion for Expected Infrastructure Boom

Jun 08, 2017
OTC Disclosure & News Service

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Turner Raises Guidance On Bitumen Shipping Acquisitions; Plans Expansion for Expected Infrastructure Boom

Initial Bitumen Tanker Acquisitions are Projected to Generate $39,000,000 in Annual Revenue and $6,000,000 EBITDA.
PR Newswire

HOUSTON, June 8, 2017

HOUSTON, June 8, 2017 /PRNewswire/ -- Turner Valley Oil and Gas, Inc. (the "Company") (OTC: TVOG), pending name change to Turner Venture Group, Inc., has announced updated guidance estimates for its pending Bitumen Tanker asset acquisitions. The Company is currently progressing on schedule to complete the final due diligence and financing required for Closing.

Turner Venture Group

Based on increasing market demand, improved utilization, more complete fleet analysis, due diligence, and expectations to fully operate the fleet of five (5) Bitumen tanker vessels once acquired, the Company believes that it will generate over $39,000,000 in annual revenue and $6,000,000 in EBITDA. This estimate represents a significant increase from the Company's initial guidance. This does not take into account the planned expansion of the fleet and infrastructure, which will be discussed in detail in a future press release.

The Trump administration has pointed to a plan, using a mix of public and private funding along with tax incentives, that is meant to help spur $1 trillion in new spending on roads, bridges, and other construction during the next decade. Many fortune 500 companies such as John Deere and Martin Marietta are already spending $Billions ramping up production in anticipation of this. Turner is in the process of doing the same with this first acquisition, and upon a successful closing, the Company will be well positioned to leverage President Trump's widely publicized infrastructure proposal.

Adam Pashok, Managing Director of Network 1 Securities, Inc., reported "We are excited to complete these transactions using Turner as the foundational platform. The plan is to unlock asset value through strategic acquisitions and accelerate profitability through organic growth and expansion. Network 1 is very excited about this relationship with Turner. In addition, we will prepare for a senior listing application as soon as prudently possible."

Turner's management team has been working aggressively in the last few months to complete all of the critical steps that have been shared with our shareholders. This includes becoming fully SEC compliant, up-listing to the OTCQB, hiring a qualified CFO, and completing final compliance and required closing conditions to fully capitalize the Company for growth.

Existing shareholders and prospective investors can sign up to receive company news, announcements and investor updates at http://bitumentankers.com/signup/.

About Turner Valley Oil and Gas, Inc.

Turner Valley Oil and Gas, Inc. (pending name change to Turner Venture Group, Inc.) (OTC:TVOG) is a business holding company, with a historical focus on energy related holdings. The Company's acquisition model is focused on finding and evaluating profitable small to mid-sized businesses as acquisition candidates where cash flow can be improved through its buy, build & bolt-on model within the shipping, real assets, energy, infrastructure, enterprise technology, and manufacturing segments.

Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.



To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/turner-raises-guidance-on-bitumen-shipping-acquisitions-plans-expansion-for-expected-infrastructure-boom-300470864.html

SOURCE Turner Valley Oil and Gas, Inc.


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The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.