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VLEN SEC Suspension:
http://www.sec.gov/litigation/suspensions/2012/34-67050.pdf
ORDER:
http://www.sec.gov/litigation/suspensions/2012/34-67050-o.pdf
ADMIN Proceeding:
http://www.sec.gov/litigation/admin/2012/34-67051.pdf
Nobody has commented in 8 months. THAT'S A GOOD THING RIGHT?
Obviously I am joking, but I keep seeing this stock sitting in my tdameritrade account and I was wondering if there is any traction left or if I should take the loss this year or carry it to next.
Recently, somebody seemed to be buying anything offered on the low end but that stopped. I was wondering if anyone had heard anything or if anyone even cares anymore.
Guys, I was trying for a little light heartedness....oh well....
zagdad
sorry pal, thats not the function of the moderator,
read the hand book
This is a POS company run by a scumbag cockroach CEO, still under the thumb of NIR. Why don't you sign up to be moderator?
Hey...and we have no moderator to be able to understand teh happenings through....Any volunteers? Let's see we need a positive voice to keep us on track, perferably a shareholder...okay, now any volunteers? Okay, maybe a Canadian...?
Could be a feather in someone bonnet to shepard us from the dark into the light and success!
zagdad
wow... i didnt even notice. .... crazy!
What happened to the last 68 posts??? Have they all been removed??? WTF???
,maybe some 1 had a decimal problem 2 day,gonna hold since i wrote this off long ago ,after r/s only 2000 shares.were there any warrants associated with past r/s ?any body
That POS scumbag SW should have done this three years ago before he reversed this and screwed all the sommon stock shareholders.
Are you referring to that sleeping POS scumbag SW?
...and while I'm at it....here's, for ease of reading, the news from last week.....play on....
zagdad
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.
Contact:
Contacts:
Valor Energy Corp.
Investor Relations
Contact VLEN (250)-423-3354
Or Email - info@valorenergy.com
Hmmm, more news today...is the sleeping giant wakening?
zagdad
*********************
Announcing Draft Agreement Stage to Acquire Licensed Green Energy Project in Western Canada
Companies:Valor Energy Corp..Press Release Source: Valor Energy Corp. On Wednesday November 17, 2010, 6:00 am EST
SALMON ARM, BC--(Marketwire - 11/17/10) - Valor Energy Corp, (Pinksheets:VLEN - News), an energy development company, today announces...
Approximately 2 years ago, the Company signed a confidential Memorandum to receive information regarding the development of a smaller scale 'Green' energy project in Western Canada, with 3 years of research and engineering design history. Recently, this project was awarded license approval from the Province of British Columbia, allowing it to proceed with pre-construction preparations. After analysis, consultations with engineering professionals, and numerous discussions with project ownership, the Company would like to announce that a formal draft agreement stage has been reached with the intent to complete the acquisition of this project!
From our President, Mr. Sheridan Westgarde: "As events unfold I hope to provide much more detail, yet there is still much to be done... and pieces that need to fall in place. I am committed to the process because I believe we are uniquely positioned to capitalize on the huge and rapidly expanding demand for 'green' energy production!"
Westgarde continues... "I believe a potential acquisition like this is vital for stockholders, due to the following three factors;
1. The project, once constructed, has contractually secured long-term return on investment for prospective new finance partners in a large and rapidly expanding market.
2. Would be a project that we own, control and is expandable in scale to achieve real growth in shareholder value.
3. It provides a solid financial model, strong enough to pursue an agreement to resolve the current convertible debt obstacle. Since I am not able to execute conversions of the debt into stock, I believe that this project can support an alternative settlement to allow both parties to benefit and move on.
To see this project through is going to require significant technical and financial support, yet I am convinced by the merits of the project that, with determined effort, I can pull together the resources needed. Therefore, my short-term goal is to work with my Finance Chief, our Attorneys and Auditors to aggressively pursue;
a) Completion of an acquisition agreement.
b) A comprehensive corporate financing plan incorporating a debt settlement agreement.
c) Full reporting compliance with the SEC and BCSC.
My endeavor is to structure agreements that give us the best opportunity to succeed, providing the basis for a strong market in our stock and a clear path to sustainable, consistent... and environmentally responsible growth!"
Read more at our newly updated site: www.ValorEnergy.com.
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 to 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.
Contact:
For Immediate ReleaseContacts:Valor Energy CorpInvestor RelationsContactVLEN(250)-423-3354Or Email - info@valorenergy.com
Sheridan LOVES the Pinks...he has NO ONE he has to answer to, NO SHAREHOLDER MEETINGS....NO ONE!!! HE JUST WALKS TO THE MAILBOX ONCE A MONTH AND PICKS UP THE CHECK AND PUTS IT IN HIS POCKET!!!!
IMO....NON-AUDITED COMPANIES, SHOULD NOT BE ALLOWED TO BE PUBLIC....THEY ARE JUST A VEHICLE FOR CROOKS TO ROB SHAREHOLDERS AND THEN NOT HAVE TO TELL YOU OR ANYONE ELSE THEY STOLE THE MONEY!!!!
what a pos that sherry guy is lol!! unreal how they get away with this!!! no news no nothing absoulte garbage
Sheridan just walks out to the mailbox every month and takes the check from the Gas sales, and uses it to maintain his lifestyle....he is doing nothing for the money, just putting it in his pocket like I have been saying for several years now....SEC does absolutely NOTHING to these crooks that run Pink Sheet companies....every one of them should be delisted! If you can not provide audited financials, you do not deserve to be public...you are running a scam!!!!!
And that is exactly what Sheridan is doing and has always done!!!
Still "Caveat Emptor" (TOXIC) on the Pink Sheets. SW just continues to be the same lying POS scumbag.
Anyone hear anything from that lying POS scumbag SW?
ya its pretty much facking PATHETIC
There is no reason companies like Valor should be allowed to trade on US markets. They are set up to do nothing more than decieve shareholders and line the pockets of the unethical management that runs the company. No matter if you bought EVERY SINGLE SHARE OF STOCK IN THIS COMPANY, you would have NO CONTROL over how Sheridan runs the company because his PREFERRED SHARES give him DICTATORIAL CONTROL over EVERYTHING!!!!!!
THIS SHOULD BE ILLEGAL!!!!
WHY WOULD ANYONE EVER BUY A SINGLE SHARE IN THIS COMPANY???? I WILL ALMOST GUARANTEE YOU WILL LOSE AND YOU JUST ALLOW SHERIDAN TO CONTINUE TO USE THIS COMPANY AS HIS PERSONAL TRUST FUND!!!!
It's al just one big motha f**kin game leaving your little people to lose money as you scam them over and over again. talk about some dream.
10,000% correct! he is the biggest pos stupid business man and brother my o my what a stupid fack
One TOTAL IDIOT running the company!!! THIS IS WHY THERE WAS A TRADE AT $0.0013
Because the BRILLIANT CEO, put a clause in the WORST FINANCING EVER SIGNED, that said the Creditor gets a 75% DISCOUNT TO THE LOWEST PRICE PRINTED PRINTED PRINTED PRINTED INTRADAY FOR THE LAST 30 DAYS!!!!!
SO NIR will get its next wack of stock at 75% OFF the print of .0013!!!!!!
Sheridan....in my opinion....YOU ARE AN ASS!!!!!!!!!
You or your DICTATIORIAL control is not affected by how much you dilute and crush the shareholders, because you don't own COMMON STOCK!!!!!!
Your only goal is to keep all the cash from the sale of Gas, and pay the debt by issueing Billions of shares of stock that does not affect your ownership or control and keeps all the money in your pocket and your brother who is paid as a CFO which is another total waste of money.
SHERIDAN = BERNIE MADOFF WANNABE!!!!
You are a CON MAN and a RIP OFF and should be stripped of any ownership you have int he company!!!!!
The stock will be trading at less than ONE CENT in the very near FUTURE....MARK MY WORDS!!!!!
Thanks for this post.
preemptive action
I don't think so. If they were manipulating, why would they call the SEC into the picture?
could it be the company itself who was manipulating??????
Valor Energy Corp - Trade Investigation & Shareholder Update October 16, 2009
VALOR ENERGY CORP [VLEN] – REQUEST FOR TRADE INVESTIGATION & SHAREHOLDER UPDATE
SALMON ARM, BRITISH COLUMBIA, October 16, 2009 – Valor Energy Corp, (VLEN.PK), an energy development and production company, today announced that on October 15, 2009, the Company requested the Securities and Exchange Commission (“SEC”) to investigate recent trading activity the Company believes to be the improper practice of price manipulation!
On October 1, 2009, a 5000 for 1 reverse stock split of the Company’s issued and outstanding common stock went into effect, resulting in the Company’s stock price trading in the $0.50 cents to as high as the $1.50 range. However, on October 14, 2009, a trade of only 100 shares at a price of $0.0013 occurred, a price more than 350 times lower than the previous trade with a value of only 13 cents. The Company believes that this unscrupulous act to unfairly manipulate the price of the Company’s stock is greatly damaging to shareholders and has therefore requested the SEC action.
Additional Update to our Shareholders:
We have chosen to remain subject to reporting requirements of the Securities and Exchange Commission. As such, we voluntarily provide quarterly and annual audited financial reports to our shareholders. As of fiscal year 2009, Valor has been subject to new requirements to file our quarterly and annual reports with the British Columbia Securities Commission (“BCSC”) via SEDAR. The reason for this is essentially because we have parts of our operation that function in British Columbia. Although, the US OTC Pink Markets does on impose specific filing deadlines, the BCSC does. Therefore, the BCSC has issued a cease trade order due to our being late in filing our annual report for fiscal year-end May 31, 2009. As such, a few stock listing websites in the US are not listing the bid and ask prices of our stock, since their policy prevents them from doing so when the stock has a cease trade orders in another jurisdiction.
As reported on Form 8-K filed on May 20, 2009, the Company changed auditing firms, a move made necessary to better comply with these new cross-border filing requirements. This change over has resulted in certain delays in filing our current annual report. Management believes that the report will show no material change in the Company’s business direction or focus and that this report, already far along in the completion process, will be filed as soon as possible.
Company CEO, Sheridan Westgarde stated, “I anticipate exiting announcements in the future regarding our ongoing efforts to complete significant positive enhancements to our core-energy business, and again I wish to thank our shareholders for their support and patience”!(SHERIDAN, YOU ARE NOTHING BUT A LYING POS SCUMBAG, IMO!)
About Valor Energy
Incorporated in Nevada, Valor Energy Corp (VLEN) is an energy development and production company with working interests in Texas with plans to expand into Canada. Valor Industries Ltd., (VIL), VLEN’s wholly owned Canadian subsidiary, provides proven management to VLEN to create long term value for shareholders and partners. For more information, log on to www.valorenergy.com.
That may be true. It also has a lying POS cockroach for a CEO and has the scumbags from the NIR Group, diluting the piss out of every shareholder.
IS IT TRUE THIS COMPANY HAS REVENUE OF $70,000 PER MONTH
wat a pos!@!! it id down to 00.1 thats unreal i guess everyone is right about this ceo-company, no reveune, no trust belly up
Is this the last trading day or week? Lots of negative pressure coming in. I don't think the financing panned out like they were hoping. There might not be much left by Friday.
IMHO
I jumped when the initial split news came.
Tough economic times have hurt a lot of good people.
this pos is worse then ENRON or Bre-ex
I lost over $20K do to that lying POS.
I have been warning everyone that would listen that Sheridan is a crook and was going to destroy the shareholders, because he is not a shareholder like us, he does not have common shares to dilute his interest (he gave himself non-dilute total controlling PREFERRED SHARES).....HE IS JUST THERE TO KEEP EVERY DOLLAR THAT COMES IN FROM THE PRODUCING WELLS AND NOT ANSWER TO ANYONE!!!!!!!
HIS BROTHER IS HIS CPA!!!!! BOTH ARE CROOKS!!!!
Posted by: SweetBlackCrude Date: Wednesday, December 17, 2008 5:23:38 PM
In reply to: ONEBGG who wrote msg# 1074 Post # of 1382
You mean you don't trust Sheridan??? He personally told me he is one of the good guys and I can trust him.....before he issued the 150 mil free trading shares without telling us at rediculous discounts to the market. It should be a crime to do what he does to skate by the 1% Rule and not have to tell shareholders when he destroys them with tens of millions of free trading shares at insane discounts to the market.
I guess when you are the CEO don't own any stock, you don't care about the price of it either......NICE!!!!
When is the Reverse coming Sheridan????
wat a pos company glad i got out at one bought some at 2 before r/s loss half but wat a pos company no revenue and lying ceo junk
http://www.scribd.com/doc/20797063/Fire-and-Ice-Creating-the-American-Millionaires-of-Tommorow
I think there is more fraud on the OTC and Pink Sheet exchanges than the large caps....Sheridan Westgarde is but another CEO that lied to me after I talked to him on the Phone. This whole game is rigged so now I am going to start playing with some Fire and Ice to end this whole crooked Wall Street Bankers and IHUB game. Pathetic...
Good thing I sold a bunch of my shares Mr. Westgarde...The One thing is you are now on my S**T List like every other CEO that promises the World but than you all screw them over again. Reverse Split, Dilute again, drive the price down, and wipe out your investors. and do it over and over and over and over again
WHERE IS THE SEC ON THAT??? THEY MUST JUST BE LINING THEIR OWN POCKET BOOKS LIKE ALL THESE OTHER CEOS and POLITICIANS...WHERE IS HONEST CAPITALISM IN THIS CROOKED AMERICAN SOCIETY???
A shareholder letter from that lying POS, scumbag, cockroach Sheridan B. Westgarde
Valor Energy Corp - Letter To Shareholders
SALMON ARM, BC, Oct. 8 /PRNewswire-FirstCall/ -
Dear Fellow Valor Energy Shareholder,
Let me first say thank you for your continued support and patience!(GO TO HELL YOU POS!)
No doubt, these have been trying times for all of us! It has now been almost one year since one of the most devastating global economic collapses seen in some 75 years...and Valor has certainly felt the effects! Contractual obligation to service our debt with common shares, combined with extremely low commodity prices and an almost non-existent investment climate, has forced us to take drastic actions to preserve and create opportunity to grow value; actions that we would not otherwise have anticipated. Through various initiatives, such as, focusing on our core business, divesting of non-key assets, and successfully negotiating restructures to certain debt agreements ...we have been able to meet our obligations and continue to successfully weather the storm! (AT THE EXPENSE OF EVERY SHAREHOLDER EXCEPT YOU AND YOUR BROTHER,YOU LYING SCUMBAG POS!)
The recent reverse split to our issued and outstanding shares and change in our symbol to VLEN has been one action that has been difficult for most to accept, and naturally so!(I WILL NEVER ACCEPT YOUR ACTIONS YOU LYING POS!) It is with great care that I avoid any attempt to portray this reverse as anything but unfortunate ...to say the least! However, though painful, the reverse split has created a more attractive structure to potentially attract key financing that would not otherwise be available, and thereby provide the means to potentially capitalize on the tremendous opportunities that exist for expansion. I believe that our current initiatives will pay off with increased shareholder value in the long term.
Here also I would like to briefly address concerns that many of our shareholders have expressed regarding the "ominous" warnings that some markets are placing on our stock and the subsequent inability to trade. I want to belay fears by reassuring shareholders that these warnings are not nearly as "ominous" as they appear and that the situation should be resolved very shortly. We will be providing an additional press release very soon that will contain a full explanation that will not only clarify the situation, but also, detail our new plans to move forward.
In closing, I would like to again thank shareholders for their involvement with Valor Energy Corp! I would like to re-enforce our commitment to weathering the current financial crisis and, what's more, take advantage of the opportunity to position ourselves to capitalize on economic recovery and the return to prosperity that will bring! (I AND EVERY OTHER SHAREHOLDER, EXCEPT, YOU AND YOUR BROTHER, TOOK IT IN THE CAN, YOU LYING SCUMBAG POS! THE ONLY POSITIONING YOU WILL DO IS FOR SHAREHOLDERS TO CONTINUE TO TAKE IT IN THE CAN.)
Sincerely,
Sheridan B. Westgarde
Chief Executive Officer
About Valor Energy
------------------
Incorporated in Nevada, Valor Energy Corp (VLRN) is an energy development and production company with working interests in Texas with plans to expand into Canada. Valor Industries Ltd., (VIL), VLEN's wholly owned Canadian subsidiary, provides proven management to VLEN to create long term value for shareholders and partners. For more information, log on to www.valorenergy.com.
CONTACT: Valor Energy Corp., Investor Relations - Contact VLEN, (250) 833-1985 Or Email - info@valorenergy.com
SOURCE Valor Energy Corp.
Important information for Valor shareholders.
wow, what a mess here!
This stock now has the dreaded Caveat Emptor rating on Pink Sheets. How appropriate for that lying, POS, scumbag Sheridan Westgarde.
There is a connection based on the early asset/developing product that Valor had, the 'arm' thingie, and some of the players ...to be very brief! Shares at one time held a cross companies, I believe still an AR /debt owed by Holland which bought the 'arm'...etc. Just go read some the filings and you will know much more.
zagdad
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SALMON ARM, BC, Oct. 8 /PRNewswire-FirstCall/ -
Dear Fellow Valor Energy Shareholder,
Let me first say thank you for your continued support and patience!
No doubt, these have been trying times for all of us! It has now been almost one year since one of the most devastating global economic collapses seen in some 75 years...and Valor has certainly felt the effects! Contractual obligation to service our debt with common shares, combined with extremely low commodity prices and an almost non-existent investment climate, has forced us to take drastic actions to preserve and create opportunity to grow value; actions that we would not otherwise have anticipated. Through various initiatives, such as, focusing on our core business, divesting of non-key assets, and successfully negotiating restructures to certain debt agreements ...we have been able to meet our obligations and continue to successfully weather the storm!
The recent reverse split to our issued and outstanding shares and change in our symbol to VLEN has been one action that has been difficult for most to accept, and naturally so! It is with great care that I avoid any attempt to portray this reverse as anything but unfortunate ...to say the least! However, though painful, the reverse split has created a more attractive structure to potentially attract key financing that would not otherwise be available, and thereby provide the means to potentially capitalize on the tremendous opportunities that exist for expansion. I believe that our current initiatives will pay off with increased shareholder value in the long term.
Here also I would like to briefly address concerns that many of our shareholders have expressed regarding the "ominous" warnings that some markets are placing on our stock and the subsequent inability to trade. I want to belay fears by reassuring shareholders that these warnings are not nearly as "ominous" as they appear and that the situation should be resolved very shortly. We will be providing an additional press release very soon that will contain a full explanation that will not only clarify the situation, but also, detail our new plans to move forward.
In closing, I would like to again thank shareholders for their involvement with Valor Energy Corp! I would like to re-enforce our commitment to weathering the current financial crisis and, what's more, take advantage of the opportunity to position ourselves to capitalize on economic recovery and the return to prosperity that will bring!
Sincerely, Sheridan B. Westgarde Chief Executive Officer About Valor Energy ------------------
Incorporated in Nevada, Valor Energy Corp (VLRN) is an energy development and production company with working interests in Texas with plans to expand into Canada. Valor Industries Ltd., (VIL), VLEN's wholly owned Canadian subsidiary, provides proven management to VLEN to create long term value for shareholders and partners. For more information, log on to www.valorenergy.com.
CONTACT: Valor Energy Corp., Investor Relations - Contact VLEN, (250) 833-1985 Or Email - info@valorenergy.com
SOURCE Valor Energy Corp.
Valor Energy Announces Appointment of Investor Relations & a Plan for Website Enhancements
Thursday August 14, 6:00 am ET
SALMON ARM, BC--(MARKET WIRE)--Aug 14, 2008 -- Valor Energy Corp. ("Valor" or "Company") (Other OTC:VLRN.PK - News), an energy development and production company, is pleased to announce two significant initiatives designed to further enhance shareholder awareness.
First, Valor is pleased to announce the hiring of Patterson & Associates, Huntington Beach, California, to provide investor relations services to the Company. Mr. Patterson's background includes a very successful career of more than 30 years in business, emphasizing marketing, sales, and business development while at such companies as IBM, Honeywell, and Tandem Computers. This past decade he has combined this knowledge and experience with his strong interest in the investment community, focusing on companies in the emerging market arena, to offer investor relations support and other consulting activities to selected customers. Mr. Westgarde commented, "Prior to hiring Mr. Patterson, I engaged with him in numerous discussions over a period of many months, and am very pleased to now enter into this new relationship with him. I appreciate his honest and straightforward assessments and I believe he will communicate to our shareholders with accuracy and integrity."
Second, Valor is pleased to announce the engagement of Left Right Minds Creative Solutions of Vancouver, BC, to further enhance the Company's website. We expect improvements to greatly enhance the viewing experience to our website visitors through a more powerful and dynamic presentation. The work is expected to take between 4 - 6 weeks.
As previously reported, Valor is currently working on several initiatives to enhance Company value through diversification in the energy sector. We would like to thank our shareholders for their patience and continued support.
To learn more about Valor Energy please visit our web site at www.valorenergy.com.
About Valor Energy
Incorporated in Nevada, Valor Energy Corp. is an energy development and production company with working interests in Texas and plans for expansion to Canada. Valor Industries Ltd., (VIL), Valor Energy Corp's wholly owned Canadian subsidiary, provides proven management to its parent to create long term value for shareholders and partners. For more information, log on to www.valorenergy.com.
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "will," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. The Securities and Exchange Commission has generally permitted oil and gas companies in their filings with the SEC to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use the terms probable and possible reserves, reserve potential or upside or other descriptions of volumes of reserves potentially recoverable through additional drilling or recovery techniques that the SEC's guidelines may prohibit us from including in filings with the SEC. These estimates are by their nature more speculative than estimates of proved reserves and accordingly are subject to substantially greater risk of being actually realized by the Company. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. The reserve data included herein represents only estimates. Reserve engineering is a subjective process of estimating underground accumulations of oil and natural gas that cannot be measured in an exact manner. As a result, estimates of different engineers often vary. The estimates of reserves, future cash flows and present value are based on various assumptions, including those prescribed by the SEC relating to oil and natural gas prices, and are inherently imprecise. Our reserves and future cash flows may be subject to revisions based on many factors. It is possible that the assumptions made by management are not necessarily the most likely, and may not materialize, including but not limited to the possible undeveloped gas reserve. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. Valor Century Corp. takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
Contact:
Investor Relations:
Gary Patterson
Patterson & Associates
info@valorenergy.com
(714) 369-2933
Valor Energy Provides Corporate Update
Tuesday August 12, 6:00 am ET
SALMON ARM, BC--(MARKET WIRE)--Aug 12, 2008 -- Valor Energy Corp. ("Valor") (Other OTC:VLRN.PK - News), an energy development and production company, is pleased to offer its shareholders and other interested investors an update on notable events concerning the company. It is Valor's intention to continue these updates at intervals during the year or when events warrant it.
SITUATIONAL SUMMARY:
Valor CEO, Mr. Sheridan B. Westgarde, provided the following summary to shareholders:
"We have just completed the normal field and draft processes on schedule, in the preparation of our Annual Report that will be filed on Form 10-KSB. Our auditors will now complete their procedures, with my full expectation being, that filing will occur within the time frame as provided for under SEC regulations for 'fully reporting issuers' as ourselves. We are current in our financial reporting and we fully qualify to apply for relisting on the Over the Counter Bulletin Board (OTC BB:BB.OB - News) listing service. We are in the early phase of that process.
"Certainly, there is valid concern being expressed in the low performance of the market price of our stock, however our company fundamentals have never been stronger. Since May of 2008, our principal investors have elected to convert Valor debt into significant amounts of equity. I believe that such conversions have resulted in obvious pressure and may have created the perception in the market of a level of company weakness that we believe does not exist. While performing these conversions maintains our contractual obligations, we are in ongoing discussions with our financiers in an effort to achieve much more positive results in our market capitalization. We intend to announce positive information regarding Valor revenues, reserves and growth activities in the coming weeks."
Mr. Westgarde continued, "Recently, certain events have transpired (that are not described here), involving a company who is both the project operator and the major joint interest participant in the Sargent South Field, Hamill, and Hamill leases, which have caused concern among some of our shareholders. I would like to reassure investors that we have been unaffected by these events to date and do not expect any problems in the future. Our assets in this field are secured at the state and county levels and operations are proceeding without interruption. We have been given assurances that development plans for these leases will proceed as expected and our lawyers are continuing to closely monitor the situation to ensure our interests remain unaffected. As disclosed in our recent financial filings with the Securities and Exchange Commission, we are planning to participate in the development of the reserves in place on the project. As of January 2007, our report issued by R.A. Lenser and Associates Inc., Consulting Petroleum Engineers and Geologists of Houston, Texas, reported Valor reserves of 44,000 MCF proved producing, 205,000 MCF proved undeveloped and 2,064 MCF (2.06 billion cubic feet) of possible undeveloped reserves."
CEO'S PREFERRED STOCK HOLDINGS:
In April of 2007, Sheridan Westgarde, CEO, received 2,007,194 shares of Series A Convertible Preferred shares in exchanged for stock commitments and approximately $300,000 of monies owed to him, including cash loans provided to Valor. The Certificate of Designation for these shares, as filed with the Nevada state and the Securities and Exchange Commission, provide for these shares to convert into approximately 123 million shares of the company's common stock. During May of 2007, Mr. Westgarde filed a letter with Valor and its Board, irrevocably canceling the conversion rights pertaining to these preferred shares. Mr. Westgarde commented regarding his actions, "I did this because I wanted to demonstrate my commitment to the process of building this company." He continued, "I want to ensure that Valor is managed in a way that is in the best interests of its shareholders and debtors."
RECENT TRANSACTION
During January 2008, the Company sold all of its interest in a large scale manipulator system technology, to Hollund Industrial Robotics Inc. Mr. Westgarde summarized the transaction benefits, "Selling this technology to Hollund has accomplished major objectives for us. We have been able to improve shareholder value by canceling the only other remaining block of 1,776,196 Series A Convertible Preferred shares held by a former executive. This preferred stock, if converted, would have resulted in an increase to the outstanding common of 108,347,956 shares. The cash that was committed in the deal has already generated important cash flow to fund our proven natural gas development in the Sargent South field operations. Also, the transaction involved Hollund assuming certain other weighty stock commitments and the elimination of certain notes payables from the Company's balance sheet, further improving our Company's liquidity and cash flow. The elimination of additional R&D expenses, required to commercialize the technology, is consistent with our continued focus on increasing operations and revenue in our primary energy sector. Additionally, we have reduced our shareholders exposure to development risk that is inherently associated with any new technology development. Valor is considering potential opportunities that may be available to market this technology in related industries going forward.
The Company is currently working on several initiatives to enhance the Company's value through diversification in the energy sector. We would like to thank our shareholders for their patience and continued support.
To learn more about Valor Energy please visit our web site at www.valorenergy.com.
About Valor Energy
Incorporated in Nevada, Valor Energy Corp (Other OTC:VLRN.PK - News) is an energy development and production company with working interests in Texas and plans for expansion to Canada. Valor Industries Ltd., (VIL), VLRN's wholly owned Canadian subsidiary, provides proven management to VLRN to create long term value for shareholders and partners. For more information, log on to www.valorenergy.com.
Contact:
Contacts:
Valor Energy Corp.
Investor Relations - Contact VLRN
(250)-833-1985
Email - info@valorenergy.com
VLRN Announces Name Change and New Corporate Initiatives
SALMON ARM, BC, Jun 02, 2008
Formerly traded as Aquatic Cellulose International Corp. (AQCI.PK), the Company today announced that they have successfully completed the process to change the Company name to Valor Energy Corp., with the new trading symbol (PINKSHEETS: VLRN). VLRN's wholly owned Canadian subsidiary is now Valor Industries Ltd. Since 2004, the Company has been active in the energy development and production industry, with working interests in the on-shore and off-shore Gulf of Mexico.
Additionally, the Company today announced that development of a completely new look website is virtually complete. This site www.valorenergy.com will feature exciting new upgrades to the Company's corporate branding and easy to navigate access to all of the Company's latest news and developments. New and existing Shareholders who have signed up for the Company newsletters will begin receiving development and progress updates as they become available. Sheridan Westgarde, chief executive officer of VLRN, stated, "With this corporate action now complete we are very pleased to be in a position, today, to begin launching exciting new initiatives that will highlight our growing value and ongoing developments in this booming energy market." He concluded, "We are inviting shareholders to stay tuned for future announcements."
About Valor Energy
Incorporated in Nevada, Valor Energy Corp. (VLRN) is an energy development and production company with working interests in Texas and plans for expansion to Canada. Valor Industries Ltd., (VIL), VLRN's wholly owned Canadian subsidiary, provides proven management to VLRN to create long term value for shareholders and partners. For more information, log on to www.valorenergy.com.
Contacts: Valor Energy Corp. Investor Relations - Contact AQCI (250)-833-1985 Or Email - info@valorenergy.com
SOURCE: Valor Energy Corp.
Website:
http://www.valorenergy.com/
SEC Filings:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001081242&type=&dateb=&owner=include&count=40
PinkSheets:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=vlen
Share Structure:
Outstanding as of Nov. 7, 2008, ~226MM shares $0.001 par value
Outstanding as of July 10, 2009, 627,589,889 shares, par value $.001
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