HERE IS THE NEWS!
THIS IS WHERE THEY WERE
Trophy Resources Updates Investors
4/2/09, 9:00 AM
ALPHARETTA, GA -- (MARKET WIRE) -- 04/02/09 -- Trophy Resources (PINKSHEETS: TRSI) is pleased to issue an update to our committed shareholders. As previously disclosed Trophy has undertaken some very major steps recently in its efforts to clean up its balance sheet and reduce its debts. The company will continue to take such similar steps in the near future, positioning the company to move forward in making strategic acquisitions or combinations that will be accretive to the company. There has been tremendous interest from shareholders and potential investors and the company will strive to update shareholders as events unfold.
The company is in the process of updating its issuer information statement and announcing a new direction for the company. We expect to have the information up shortly. In addition we will be updating the website which is currently down.
Commenting on the recent events, Joe Canouse, CEO of Trophy resources, said, "Extraordinary times have produced extraordinary solutions. These recent steps the company has followed give Trophy the freedom to move forward in its quest to explore acquisition opportunities with the ultimate goal of enhancing shareholder value."
Trophy Resources, Inc. (www.trophyoil.com) is a development stage company. The Company's goal is to evaluate profitable options, build a solid foundation of assets through acquisition of existing businesses, land and/or leases, and explore and develop opportunities on these leases.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Trophy Resources, Inc. is an exploration with limited experience in the oil and gas industry. At the time of this release Trophy Resources lacks the financial capabilities to meet its financial obligations and its management expects to dilute the company's shares to raise the necessary operating capital. Based upon industry standards Trophy would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider -- this list is limited and additional risk not mentioned may apply: failure to meet Trophy's financial and contractual obligations, Trophy's managerial errors made based upon the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
Contact:
Mr. Joseph Canouse
678-325-4772
Joe.canouse@thinpinkllc.com
