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Domestic Energy Corporation is an independent energy company focused on developing long term sustainable and renewable energy sources for the US and International markets.
We are focused on four main areas of future & sustainable energy production.
1. Shale Oil & Gas Production
2. Coal Liquefaction & Gas Production
3. Oil Sands Production
4. Agriculture Based Fuel Production
AGOil&Gas is an oil and gas exploration and development company focused on the exploitation of long lived, low risk natural gas and oil properties. Our current operations are centered on the emerging Chattanooga Shale Play in the southern Appalachian Basin.
AGagro is primarily focused on the development of Large-Scale Bio-Fuel projects. AGagro’s goal is to release the potential of agriculture to solve crucial energy problems for people and the planet. The need for inventive, sustainable solutions to the world’s energy problems has never been greater. We are uniquely qualified to meet these needs in ways that create ongoing prosperity.
AGcoalgas is a Company focused on “Clean Coal Technology” (CCT). We have developed the next generation of clean energy technology. By grinding coal into a very fine particle slurry, biologically treating the coal slurry to remove the heavy minerals, we believe such a slurry mixture, will have sufficient fluidity to move through pipelines and burn cleaner than current Oil and Gas fired power plants. Link this revolutionary clean coal technology with AGcoalgas’s proprietary biological treatment of the plant emissions and the elusive zero emissions power plant is close to fulfillment.
NorthStar Exploration is a company engaged in a variety of projects in the natural resource exploration industry in Western Canada with an emphasis on rare metals and oil sands exploration. The company is aggressively exploring Canada's rare metal land holdings in British Columbia and the largest contiguous oil sands land holding, which are located in northeast Alberta and northwest Saskatchewan. NorthStar Exploration is leading the development of rare metal exploration in British Columbia and the oil sands industry in the province of Saskatchewan.
The Avalon Group Ltd Acquires Controlling Interest in Domestic Energy Corporation
Source: Avalon Group Limited
8:30 am EDT, Monday October 12, 2009
HONEOYE FALLS, N.Y.--(BUSINESS WIRE)--Domestic Energy Corporation. (OTC.PK: DMEC)(“Domestic Energy” or the “Company”) announced today that on the 10th of October 2009 the majority shareholders and the Board of Directors reached an agreement with the Avalon Group Limited for the acquisition of controlling interest in the Company.
The Avalon Group Ltd will move to recapitalize the Company over the next few months. The focus of Avalon will be to merge several of the Groups North American and International natural resource projects into Domestic Energy to advance the Company into a consistent and positive revenue stream. Pursuant to the terms of the agreement, the board of directors and executive officers of Domestic Energy resigned and were replaced by the board and officers of The Avalon Group Ltd’s natural resource division.
"The successful completion of this transaction is a major milestone for us,” stated Marcie Corbin, the Avalon Group Ltd’s Chief Financial Officer. “Our acquisition of the controlling interest in the Domestic Energy Corporation will provide us with new opportunities to expand our International natural resource operations into North America, and enable us to grow our company, and greatly enhance our visibility and market awareness of our products and services."
“As a member of the new Board of Directors for Domestic Energy, I am excited for the future of the business and the expansion of its role in the North American and International oil and gas industries”, stated Dr. Bruce Fischer – Chairman of the Board for the Domestic Energy Corporation / email@example.com
Avalon Group Ltd is an International based private equity investment corporation, which identifies and develops assets within the Agro-Forestry, Healthcare, Exclusive Leisure Travel, Software Technology, Media Distribution, Entertainment, Natural Resource and Real Estate economies with the potential for above average capital appreciation and increasing cash flow returns. We maintain a diversified portfolio of business and investments in order to limit operational and industry risks.
Domestic Energy Corp is a independent oil and gas exploration-development company focused on the exploitation of long-lived, low risk natural gas and oil properties. Domestic Energy is in a position to acquire and exploit shut-in gas wells and those wells whose profitability has declined due to interrupted service. Additionally, revenue is generated by transporting gas to market for other producers. Domestic Energy will be positioned to maximize production of existing wells by proper engineering practices such as well stimulation in the form of nitrogen or acid fracturing.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), as such, may involve risks and uncertainties. Forward-looking statements are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words as "believe," "expect," "intend," "anticipate," "project," or other similar expressions. Forward-looking statements relate to, among other things, future performance, and perceived opportunities in the market and statements regarding the Company's mission and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Additional factors could materially affect these forward-looking statements and/or predictions include, among other things: (1) managing acquisitions and expansion of operations; (2) obtaining necessary financing and managing existing debt; (3) completing the investigation, acquisition and integration of new business opportunities; (4) complying with federal, state and local government and international regulations; and (5) other factors over which we have little or no control.
The Avalon Group Limited c/o Polly Anderson 425.818.0189 phone 425.491.2838 fax firstname.lastname@example.org
shs decreased by 1 for 1000 split
Pay Date: Apr 7, 2008
Outstanding Shares 13,782,135 as of Jun 30, 2008
Float (shares) 747,307 as of Apr 16, 2007