MDG Prospects List
MSEV is Considering a Forward Split [FWVRCJF]
VANCOUVER, British Columbia, March 10, 2006 (PRIMEZONE) -- Micron Enviro
Systems, Inc. (OTCBB:MSEV) wishes to announce that management is now looking
into forward splitting its common shares as well as conducting a name change to
better reflect its oil and gas business. Management believes these changes would
benefit current shareholders and limit possible naked shorting that may have
been occurring on the stock in the recent weeks.
Bernie McDougall, President of MSEV stated, "The company is progressing in terms
of achieving our goal of becoming a mid-range oil and gas producer and we feel
that a forward split of up to ten shares for each one share would be a
tremendous benefit to the company while simultaneously rewarding our loyal
shareholders. We feel that there may be some naked shorting occurring over the
past few weeks and a split of the shares could limit this possible action.
Considering we have just entered in the world's largest oil sands region, we
want to maximize our share value going forward. We would also like to change the
company's name to accurately reflect the Oil Sands business that we are now in.
As it stands, MSEV is one of if not the smallest market capitalized companies
with exposure to the Athabasca Oil Sands of Alberta. These are tremendously
exciting times for MSEV and MSEV's shareholders, and we plan to build the
company to benefit our shareholders."
MSEV has also initiated the process of listing its shares on the Frankfurt Stock
Exchange. The process is expected to be completed within 2-6 six weeks. There
are a large amount of junior resources companies that have listed on the
Frankfurt Exchange which have received positive substantial exposure from the
listing. The monies needed for the listing have been forwarded and accepted for
this application
MSEV has recently announced its entry in the Athabasca region of Alberta,
Canada, which is the world's largest Oil Sands region. This new Oil Sands
project is located just south of Fort McMurray, Alberta and is in close
proximity to major Oil Sands projects by Devon, Encana, and Conoco Philips. At a
recent presentation, Encana's COO stated that Encana's Christina Lake Prospect,
which is within 15 miles of MSEV's new prospect, could grow to produce 250,000
barrels per day. The closest Oil Sands project adjacent to MSEV's new project is
the Whitesands Project that has stated reserves of 1.3 billion barrels of oil in
place and has just initiated the start-up of a test plant.
MSEV is an emerging oil and gas company that has exposure to the Athabasca Oil
Sands of Alberta, Canada, which is the largest Oil Sands region in the world and
has production from conventional multiple oil and gas wells. MSEV is one of if
not the smallest market capitalized companies with exposure to the Alberta Oil
Sands. MSEV's goal is to become a junior oil and gas producer that focuses on
the exploration, discovery and delivery of gas and oil to the North American
marketplace. MSEV currently has multiple independent sources of oil and/or gas
revenue from production in Canada and Texas. MSEV is presently involved in
multiple oil and gas prospects, and continues to look for additional projects
that would contribute to building MSEV's market capitalization including
additional Oil Sands projects.
If you have any questions, please call MSEV at (604) 646-6903. If you would like
to be added to MSEV's update email list, please send an email to
info@micronenviro.com requesting to be added.
CONTACT: Micron Enviro Systems, Inc.
Bernie McDougall
ir@micronenviro.com
(604) 646-6903
(604) 689-1733, Fax
www.micronenviro.com
