...and while I'm at it....here's, for ease of reading, the news from last week.....play on....
Valor Energy Corp: Announcing Hamill Sale & Details of Company Initiatives
Press Release Source: Valor Energy Corp. On Friday November 12, 2010, 6:00 am EST
SALMON ARM, BC--(Marketwire - 11/12/10) - Valor Energy Corp, (Pinksheets:VLEN - News), an energy development company, today announced the sale of the Hamill natural gas lease in South Sargent Texas and subsequent 'fueling' of key Company building initiatives!
From our President, Mr. Sheridan Westgarde: "Earlier this year, I agreed to sell the Hamill lease and to dedicate the proceeds and time towards critical initiatives designed to resolve the current debt structure and financing issues that have impeded our success. I am confident that this decision will prove beneficial in the long-run and I am pleased to now be in a position to begin un-veiling the details and on-going results of these efforts!
"For the last several months I have been involved in intensive evaluation, collaboration with industry experts and research into three key aspects of our business to strategically identify;
1. The most effective way to resolve our convertible debt issue so as to allow us to attract new investment for acquisition financing and growth of our business,
2. Viable Energy opportunities that can generate significant revenue in-line with shareholder expectations and are most suited to our corporate strengths,
3. Industry Executives and Professionals interested in joining our Company as board members, lead management positions and operational experts; individuals with a quality pedigree that have demonstrated a high level of competence and trust.
At this time I can confirm that these initiatives are showing positive results, which I anticipate ultimately leading to breakthroughs in settlement and/or reclassification of debt, significant project acquisitions and new qualified team members strategically positioned to assist in developing assets and revenues and strengthening our ability to advance growth.
My endeavor is to create direct shareholders value via the accomplishment of these and other corporate actions. However, due to the Company's limited financial resources and the unpredictable outcome of these initiatives the Company's condition remains in a state of high risk and volatility. As our situation unfolds I may be required to adapt plans to changing circumstances. What remains the only assurance is that I will use my best efforts to accomplish these objectives.
All shares in the control of management or anyone connected with management is being strictly held in the interests of realizing a strong successful market in the Company stock. It is my firm hope that the new information we are now releasing will accomplish genuine support and assist me in attaining tangible results for stockholders.
Please stay tuned for an additional announcement!"
About Valor Energy
Incorporated in Nevada, Valor Energy Corp (VLEN) is an early growth stage energy company that has managed working interests throughout the state of Texas and plans to expand into Canada. Valor Industries Ltd., (VIL), VLEN's wholly owned Canadian subsidiary, provides highly motivated management to VLEN to create long term value for shareholders and partners. For more information, log on to www.valorenergy.com.
Valor Energy Corp.
Contact VLEN (250)-423-3354
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