Stafford Energy, Inc (fka SFDE)

[Aduke]

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Stafford Acquires Nucon, Inc.
Thursday May 4, 3:32 am ET


VANCOUVER, British Columbia, May 4, 2006 (PRIMEZONE) -- Stafford Energy, Inc., (``Stafford'') (Other OTC:SFDE.PK - News), is pleased to announce that it has entered into a Share Exchange Agreement with Nucon, Inc. (``Nucon''), a Nevada company. Nucon is focused on high-end environmental markets in the Former Soviet Union and Asia, with executive and operations offices located in Moscow, Russia. Under the terms of the share exchange agreement, Stafford will acquire 22,500,000 common shares of Nucon representing 100% of Nucon's outstanding common stock in exchange for 22,500,000 shares of Stafford's common stock. Prior to closing of the share exchange, Stafford will effect a 275 to 1 share consolidation that has been approved by consent resolution of the Stafford directors and shareholders holding 55% of Stafford's voting common shares. Following the consolidation, the issuance of 22,500,000 shares to acquire Nucon and the issuance of 3,000,000 post consolidated debt settlement shares, Stafford will have a total of 25,858,647 common shares issued and outstanding.
The Company will be changing its name to NUCON-RF, Inc. following closing of the share exchange.