Digital Gas, Inc.(fka DIGGQ)

[Buckey]

2003-05-27 10:26 ET - News Release



NEW YORK, May 27 /PRNewswire-FirstCall/ -- Digital Gas, Inc. (OTC Pink Sheets: DIGG) today announced the formation of a new energy, resource and conservation subsidiary. The new company has been under development over the past year and will begin operation within the next two weeks. It will own its own assets and will be able to immediately generate profits within the first year of operation. Additional details will be available by June 6, 2003.

Additional projects for the company's energy, resource and conservation business have been in development since last summer. It is anticipated that the funding for these projects will be finalized over the next two months. These projects will be placed within the new wholly owned subsidiary, further diversifying and strengthening that company.

To further its business interests, Digital Gas, Inc., sent representatives to China six times over the last year. The most recent trip, begun this week despite the SARS scare, was to review the status of a major public works project. The project is currently on hold due to a Chinese-side restructuring of ownership and responsibility.

Next month Digital Gas expects to bring on new management thereby marking the transition from development to operational. One of the first tasks, of the new team, will be to review all existing letters of intent and agreements from prior years. No further details will be made available, until the new management is in place and matters are reviewed by counsel, in order to protect and enhance shareholder value and interests.

For further information write Skopos at [e-mail]

CONTACT: Matthew Bishop
[phone]

Digital Gas, Inc.



CONTACT: Matthew Bishop of Skopos, [phone], for Digital Gas,
Inc.