CGrowth Capital Inc (CGRA)

[Martin11]

SILVERDALE, WA / ACCESSWIRE / May 7, 2015 / CGrowth Capital, Inc. (PINKSHEETS:CGRA) (the "Company") is pleased to inform shareholders that our team has completed the weeks of hard work required for the preliminary road modifications, reworking of grade, and related upgrades of our Powder River Basin holdings in Wyoming, and has brought the field back online. With nearly 3,400 contiguous acres in the area and several miles of access roads, the work performed now sets up the Company for longer seasonal access through winter, in turn extending future seasons of oil production and sales for our Wyoming crude reserves. "With roads currently in the best shape they have seen in over 5 years, all operating wells and tanks are now easily accessible following the harsh winter," stated Bill Wright, CEO of CGrowth Capital, Inc. "We can now begin ramping up production of our Powder River assets, and set our sights on finally realizing the full potential of the revenue streams buried within our Wyoming resources." Mr. Wright continued, "In addition to the miles of road rework, our team was able to construct a secondary overflow pond to improve site conditions, the wells have been adjusted to increase the oil cut, and many have been prepped for scheduled workovers. All of this work completion will allow for easier access for our team and oil sales vendors in the field, leading to greater production in the upcoming months." Step by step the Company continues to position itself for future growth and increased shareholder value in this market space, by exploiting these existing oil resources for maximum returns and revenue. The Wyoming Powder River Basin assets include active wells with current production along with the associated fixtures, pumps, and tanks to support the ongoing field operations. The team is working with potential partners and investors to accelerate the oil production and proving of reserves in the field to complement the organic growth by the team. About CGrowth Capital, Inc. CGrowth Capital, Inc. The Company continues to serve as a holding company for businesses and assets focused on all aspects of mining, minerals, exploration, and commercial real estate. The processing of metal ore mining, mineral and specialty rock extraction, as well as oil and gas production, are multi-billion dollar market opportunities which are capitalized on through the processing, sales, contracting and licensing of Company owned assets. CGrowth Capital's services and solutions are designed to assist landowners with monetizing undervalued assets by bringing commodities such as gold, silver, oil and gas, dolomite, and terrazzo to market. CGrowth Capital continues to focus on acquiring additional land assets, while also providing partners and affiliates with management services, capital funding, contract management and logistical services necessary for the successful execution of operations. Through wholly owned subsidiaries, the Company has begun to strategically leverage assets for maximum value within the legally developing cannabis industry currently underway in Washington State. For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com. Investor Inquiries: CGrowth Capital, Inc. 888-218-2472 Safe Harbor Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements. SOURCE: CGrowth Capital, Inc.

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