TX Rail Products Inc (TXRP)

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News: TX Holdings Inc. Now Funded to Proceed with Drilling

BusinessWire - March 03, 2008 6:00 AM ET

TX Holdings, Inc. (OTCBB:TXHG) made the following statement, to update its shareholders and the investing public:

TX Holdings, Inc. has now received funding to proceed with its business plan, for drilling on its Contract Area 1 leases as outlined on a press release dated February 27, 2008. The source of this funding is from current Directors of the Company.

In addition, management is pleased to report that they have been able to reduce operating overhead of TX Holdings Inc. by over 75% for the current year, to a projected forecast of $766,590.00.

Finally, TX Holdings reports that all Directors of the Company's Board are forgoing any compensation until such time as revenue streams are in place on all of the Company's leases. The Board appreciates the support of its shareholders and is endeavoring to work hard on behalf of all shareholders so as to enhance future share value of its publicly traded stock.

William "Buck" Shrewsbury
Chairman of the Board of Directors

FORWARD-LOOKING STATEMENTS: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof.

SOURCE: TX Holdings, Inc.
TX Holdings, Inc., Abilene
Investor Relations:
Frank Shafer, 1-480-444-6127
http://txholdings.com/