Supurva Healthcare Group Inc (SPRV)

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Well Renewal Signs Binding LOI With Midwest-Based Oil and Gas Cementing Company
TULSA, Okla., May 29, 2007 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Pink Sheets:WRNW), an emergent, rapidly growing diversified oil and gas regional operator specializing in oil and gas exploration, enhanced recovery methods of abandoned and low-production oil properties, and oil field services,[B/] is pleased to announce that it has entered into a Letter of Intent to acquire a privately held Midwest-based company specializing in cementing services for oil, gas and water wells.

In operation for over ten years, the cementing company is a highly regarded oil well servicing company providing cementing and acidizing services to independent and small and medium-sized drilling companies. The company's operations are modeled after Halliburton, where most of the senior management was trained. [B/]They are a very well-respected company in the energy industry, with a secure customer base. Annual revenues are in excess of $8 million, with net margins of over 30%.




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