TX Rail Products Inc (TXRP)

[iamretired]

NEWS July 2, 2008

TX Holdings Inc. Announces Eight Additional Wells Coming On Line
The Chairman of the Board and CEO of TX Holdings, Inc. (OTCBB: TXHG), Mr. William “Buck” Shrewsbury, reported today that the first load of oil will be sold from the Company’s Parks Lease. Furthermore, TX Holdings expects to be increasing production substantially by bringing on an additional eight (8) wells in the very near future. Two of the eight are presently being reworked to optimize production yields.

The Parks Lease is 320 acres with approximately 22 existing wells and estimated recoverable reserves of 12M to 13M barrels.

From his Ashland, Kentucky offices, Mr. Shrewsbury commented, “I have just returned from Texas and feel very good about the operations there. We are gaining ground all the time, and as production values increase, it would be my expectation that share valuation will follow suit.”

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.

TX Holdings Inc., Abilene
Investor Relations:
Frank Shafer, 606-232-0671
http://txholdings.com/



Source: Business Wire (July 2, 2008 - 3:00 PM EDT)

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