$ssof is this the merger? FOR IMMEDIATE RELEASE
Six Six Five Energy, Inc. Announces Acquisition of Maxwell Exploration, LLC.
OKLAHOMA CITY (July 5, 2019) Six Six Five Energy, Inc. (OTC: SSOF) today announces that it has acquired Maxwell Exploration LLC, a newly formed Oklahoma Company, in an exchange of controlling membership interest in Maxwell for 50% of the Preferred Series A-1 shares of Six Six Five. The majority owners of Maxwell Exploration, LLC include Red Rock Capital which is an affiliate of James Frazier, the President of Six Six Five, and Mr. John Johnston, a former Director and Board Member of the Company.
Six Six Five Energy will assist Maxwell Exploration with its plan to acquire and develop oil and gas leases, both operated and non-operated throughout Oklahoma and Texas and the greater Southwest. Mr. John Johnston has assumed the role of President of Maxwell Exploration and will be rejoining the Board of Six Six Five Energy.
“Mr. Johnston and his team have identified a number of exploration and income producing development opportunities in which Six Six Five can participate and which will ultimately benefit the Company and our shareholders. The acquisition of Maxwell also allows us to take the next step in our strategic plan to build an Energy and Resource Holding Company for the benefit of our shareholders. ” said Jim Frazier, President and CEO.
About Six Six Five Energy, Inc.
Six Six Five Energy is an Energy and Resource holding company. Six Six Five Energy seeks to acquire and develop oil and gas operating, exploration and service companies by providing consulting, financial and operational support in exchange for ownership interest in the companies and their resources to best maximize overall value. For more information, visit www.665Energy.com
SAFE HARBOR AND INFORMATIONAL STATEMENT
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company's reports filed with the SEC. The Company is not eligible to rely on the safe harbor provided by Section 21E(c) of the Exchange Act because it is not subject to filing periodic reports under Sections 13 or 15(d) of the Exchange Act.
For more information, contact Info@665Energy.coom 405.237-8207 www.665Energy.com
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