SGGC news out! weeeeeeeeeeeeeee
NEWS Sigma Global Outlines Growth Strategy for Fiscal Year 2008
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 01/07/08 -- Sigma Global Corporation, a Delaware corporation (PINKSHEETS: SGGC) is establishing significant new platforms for growth as the company continues to pursue opportunities that will complement and expand its operations both domestically and internationally.
Rising oil and gas demand is supporting premium valuations for companies with significant oil and gas reserves, particularly those companies with U.S. production. In 2007, global oil demand increased by 1.3 million barrels per day (bbl/d), mainly due to increased demands from China and the U.S. According to the Energy Information Administration, world oil demand in this year's fourth quarter is 1.8 million bbl/d more than fourth quarter 2006 levels. In addition, the EIA projects world oil consumption will increase another 1.4 million bbl/d in 2008.
The Company's core business is to evaluate profitable options, build a solid foundation of assets through acquisition of land and/or leases, and explore and develop opportunities on these prolific properties. With this strategy, Sigma Global expects robust revenue growth for Fiscal 2008:
"Our growth strategy is balanced by our exploitation and development of existing U.S. properties while entering several promising new global markets via reverse mergers and joint ventures," stated President Tom Jaburek.
Sigma Global's Aggressive Agenda for 2008:
-- hire an Investor Relations firm within the next week to enhance
communication with or stakeholders
-- Finalize reverse merger in short order.
-- enhance our standing with pinksheet.com by filing all appropriate
documentation as soon as possible.
-- For the current year, we plan to accelerate development of our current
production levels and production capabilities. We plan to drill several
additional wells and expect to increase average daily production in each
quarter of fiscal 2008.We will also significantly extend our gathering
system, increase our lease position, and continue to seek strategic
acquisitions. We believe these initiatives, as well as the groundwork we
laid in 2007 will position us to have a significant role in the booming Oil
and Gas market.
-- Improve transparency for investors with a target to move to more
senior exchanges as market and financial positions suggest. Sigma will work
toward completing the necessary documentation to meet the requirement of
these exchanges.
-- structure each operating subsidiary so that they can initiate an
initial public offering and finally distributed to SGGC shareholders in the
form of a stock dividend.
"Management plans to report regularly on progress made by the company and keep shareholder and the investment community updated," stated President Tom Jaburek.
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Sigma Global Corp. to be materially different from the statements made herein.
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