Black Dragon Resource Companies Inc (BDGR)

[yankee07]

Black Dragon Explains Delay in Producing Current Information to ShareholdersJan 11, 2008
Pink Sheets News Service

Oil City, LA— Joseph Lanza, President of Black Dragon Resource Company (BDGR) announced today that one of the dissident shareholders and a former Director, Mr. Lou Chighisola, had contacted the News Wire Services and Pink Sheets in his attempt to take over Management of the Company and provided them with the same false report he had previously sent to the purchasers of the Company's oil production that had caused the severe cash crunch with significantly reduced cash flow and production for the Company in November and December. Mr. Chighisola had been informed by the Company's Corporate Counsel that such report was false and inaccurate, yet Mr. Chighisola continued to damage the Company and its stockholders because of his personal agenda.

Fortunately, once again, the Company was able to overcome some of these obstacles and is now able to release information to its stockholders in a timely manner on Pink Sheets. The Company will release prompt news on any new developments concerning the proposed Joint Venture Transaction and the New Management Team. However, due to these improper actions of Mr. Chighisola, the transaction has been delayed for some time.

The Joint Venture Partner is finishing its audit of Black Dragon, hopefully, in time for discussion at the Annual Meeting of Stockholders on January 16, 2008. The Company also expects that it will be able to release its nine months unaudited financial statement at or prior to the annual meeting.
http://www.black-dragonoil.com
Contact:
Mr. Joseph Lanza, President
318-995-0404