Treaty Energy Corp. (fka TECO)

[bigdaddy21c]

We get shares of PRIVCO. The naked shorters don't like that.

"The positive news for TREATY shareholders is that the company we are temporarily calling “PRIVCO” has progressed in completing the acquisition, subject to all standard regulatory approvals, of a publicly traded company. Positive to note is that the new entity will be a clean “Delaware corporation” that is a fully reporting OTC Bulletin Board company from day one. We expect to distribute a Press Release in conjunction with PRIVCO regarding the joint relationship as soon as we are able to legally do so. This was a critical step in reorganizing and restructuring TREATY into an entity that can grow and thrive as a dynamic, growth oriented oil & gas production company and a separate public entity that will be a thriving oilfield service company. There will be tremendous synergistic opportunities to benefit these two companies, with each able to attract its own investors in different sectors of the capital markets."