Wednesday, April 22, 2009 1:53:16 PM
PRXT Merger with CAVU Resources, Inc !!
William Robinson, Proxity's Chief Executive Officer, stated, "We believe the restructuring of Proxity and the planned merger with CAVU Resources, Inc. will bring new value to the Proxity shareholders and offer future opportunities to the investment world."
CAVU Resources, Inc. was formed to provide both Alternative Energy and Natural Resource investments opportunities through the acquisition of new technologies, proven fields, infield drilling and utilizing applications of surface chemistry to provide innovation and service to all facets of the energy business. CAVU has assembled a diverse management team with many years of combined experience in the energy related business.
During World War II, Navy fighter pilots would look up at the sky and if it was a CAVU day then it meant success. CAVU means "ceiling and visibility unlimited" and we believe that our new company will be the embodiment of its name.
CAVU has planned additional opportunities in the alternative energy arena by securing leases on the land surrounding its targeted gas leases in northern Oklahoma and Colorado for both wind energy and solar farms. The company has recently entered into negotiations on a 50,000 acre wind farm lease with its own substation and power grid connections.
CAVU recently acquired three drilling rigs and the associated support equipment. Additionally, CAVU has access to seasoned drilling crews both to work its own leases and to lease drilling services on a contract basis.
CAVU recently closed a $1.6 million dollar funding with Verilease Finance, LLC and Private investors for drilling and completion equipment.
CAVU plans to utilize UAVs and remote security and sensor stations to protect its leases and for oil, gas and pipeline security.
CAVU has also targeted low income housing and plans to utilize the recently approved home energy credits and rehab abandon or foreclosed housing additions utilizing new energy saving construction and solar to offer both utility savings and low cost housing.
About Proxity
Proxity, Inc. (PRXT) is a developmental holding company currently seeking opportunities in the deployment and marketing of security protection technology, government contract fulfillment, Energy and Natural Resource Technology. Proxity formed Proxity Electronic Commerce LLC and currently owns 32.47%. Proxity seeks to acquire and develop both internet based business opportunities, security technology and Natural Resource Development. The Company plans to acquire or enter into developmental, teaming and exclusive and nonexclusive marketing and distribution agreements with products developed for Government, commercial, military and homeland defense http://www.proxity.com. (PINKSHEETS: PRXT).
About Proxity Electronic Commerce Systems, LLC (PECS)
PECS was founded in 2005 with the goal of becoming the leader in providing information systems dealing with Government logistics databases and vendor awareness of business opportunities in selling both to the Government as well as industry. The founders of PECS are the originators of the current systems of logistics used by industry and the Military including FEDLOGS, Haystack and the ILI Logicom parts database. The PECS databases provide information on 12 million parts, their suppliers, Government specs and standards as well as non-Government standards, which are linked from the database to the cited standards. The system also provides an alert service on sales opportunities to the Government's 400,000 contractors as well as requisite data used by the Military. www.proxity-ec.com
About CAVU Resources, Inc.
CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado and Texas. The Company also owns two pipelines in its area of operations which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment. CAVU has also targeted low income housing and plans to utilize the recently approved home energy credits and rehab abandon or foreclosed housing additions utilizing new energy saving construction and solar to offer both utilities savings and low cost housing. The company's subsidiary CAVU Exploration, LLC provides contract drilling services to oil and natural gas exploration and production companies. The company plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, Solar and security, taking advantage of the changing environment and in the world's need for new, green and innovative resources.
www.cavu-resources.com
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control and those actual results may differ materially from those projected in the forward-looking statements as a result of various factors. This notice is not intended to include an endorsement by the United States government, either directly or indirectly, of any product of Proxity, Inc., CAVU resources, Inc. or Cyber Aerospace, LLC.
Contact:
Billy Robinson
President
Proxity, Inc.
Proxity Electronic Commerce, LLC
702-944-8893
billy@proxity.com
billy@proxity-ec.com
William Robinson, Proxity's Chief Executive Officer, stated, "We believe the restructuring of Proxity and the planned merger with CAVU Resources, Inc. will bring new value to the Proxity shareholders and offer future opportunities to the investment world."
CAVU Resources, Inc. was formed to provide both Alternative Energy and Natural Resource investments opportunities through the acquisition of new technologies, proven fields, infield drilling and utilizing applications of surface chemistry to provide innovation and service to all facets of the energy business. CAVU has assembled a diverse management team with many years of combined experience in the energy related business.
During World War II, Navy fighter pilots would look up at the sky and if it was a CAVU day then it meant success. CAVU means "ceiling and visibility unlimited" and we believe that our new company will be the embodiment of its name.
CAVU has planned additional opportunities in the alternative energy arena by securing leases on the land surrounding its targeted gas leases in northern Oklahoma and Colorado for both wind energy and solar farms. The company has recently entered into negotiations on a 50,000 acre wind farm lease with its own substation and power grid connections.
CAVU recently acquired three drilling rigs and the associated support equipment. Additionally, CAVU has access to seasoned drilling crews both to work its own leases and to lease drilling services on a contract basis.
CAVU recently closed a $1.6 million dollar funding with Verilease Finance, LLC and Private investors for drilling and completion equipment.
CAVU plans to utilize UAVs and remote security and sensor stations to protect its leases and for oil, gas and pipeline security.
CAVU has also targeted low income housing and plans to utilize the recently approved home energy credits and rehab abandon or foreclosed housing additions utilizing new energy saving construction and solar to offer both utility savings and low cost housing.
About Proxity
Proxity, Inc. (PRXT) is a developmental holding company currently seeking opportunities in the deployment and marketing of security protection technology, government contract fulfillment, Energy and Natural Resource Technology. Proxity formed Proxity Electronic Commerce LLC and currently owns 32.47%. Proxity seeks to acquire and develop both internet based business opportunities, security technology and Natural Resource Development. The Company plans to acquire or enter into developmental, teaming and exclusive and nonexclusive marketing and distribution agreements with products developed for Government, commercial, military and homeland defense http://www.proxity.com. (PINKSHEETS: PRXT).
About Proxity Electronic Commerce Systems, LLC (PECS)
PECS was founded in 2005 with the goal of becoming the leader in providing information systems dealing with Government logistics databases and vendor awareness of business opportunities in selling both to the Government as well as industry. The founders of PECS are the originators of the current systems of logistics used by industry and the Military including FEDLOGS, Haystack and the ILI Logicom parts database. The PECS databases provide information on 12 million parts, their suppliers, Government specs and standards as well as non-Government standards, which are linked from the database to the cited standards. The system also provides an alert service on sales opportunities to the Government's 400,000 contractors as well as requisite data used by the Military. www.proxity-ec.com
About CAVU Resources, Inc.
CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado and Texas. The Company also owns two pipelines in its area of operations which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment. CAVU has also targeted low income housing and plans to utilize the recently approved home energy credits and rehab abandon or foreclosed housing additions utilizing new energy saving construction and solar to offer both utilities savings and low cost housing. The company's subsidiary CAVU Exploration, LLC provides contract drilling services to oil and natural gas exploration and production companies. The company plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, Solar and security, taking advantage of the changing environment and in the world's need for new, green and innovative resources.
www.cavu-resources.com
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control and those actual results may differ materially from those projected in the forward-looking statements as a result of various factors. This notice is not intended to include an endorsement by the United States government, either directly or indirectly, of any product of Proxity, Inc., CAVU resources, Inc. or Cyber Aerospace, LLC.
Contact:
Billy Robinson
President
Proxity, Inc.
Proxity Electronic Commerce, LLC
702-944-8893
billy@proxity.com
billy@proxity-ec.com
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