Matrixx Resource Holdings, Inc.(fka MXXH)

[wildbill]

Matrixx Joins Strategic Partnership
Matrixx Joins Strategic Partnership
Jul. 20, 2010 (Baystreet.ca) --

Media & Investor Relations:


Alex Livak


Tel: [phone]


Email: [e-mail]


http://www.mxxh.net

Matrixx Joins Strategic Partnership

Houston, TX – July 20, 2010 – Matrixx Resource Holdings, Inc. (OTC: MXXH), announced today that it has retained the services of Global Investment Consultants, Inc to assist in the development and growth of the Company.

Matrixx Resource Holdings, Inc. has retained Global Investment Consultants, Inc to assist the Company’s development and growth strategy within the energy sector. As President of the consulting firm, Ms. Spradling brings her lineage and years of dedicated service in the oil and gas industry to assist Matrixx in acquiring secure working interests in both producing, and exploration and development properties. Additional functions of the consultant are to locate industry professionals to sit on the Board of Directors, as well as corporate development and financial activities.

In addition, several potential exploration prospects are currently under review located in Texas and Louisiana. With the assistance of Ms. Spradling, the Company has engaged in first stages of negotiation on a lease that should bring two to three exploration wells of 7400 to 8000 feet in depth. A salt dome located in the Eagle Ford Shale. The Company will provide more data on this acquisition as it becomes available

The company’s goal is to identify and proceed with acquiring additional exploration leases in the next few weeks. MXXH management understands that energy prices have stabilized and have reached levels more than sufficient to cause exploration activity. After review of prospects, MXXH management intends to take a conservative approach. Shallow reentry exploration with proven reserves will be the primary target prospect. Also, the management is considering purchasing royalty and working interest revenue to off set risk created by exploration.

In addition the Company is developing a permanent website, however, at this time, information may be found on the temporary site at www.mxxh.net.

The Company intends to furnish its financial statements with Pink Sheets through the OTC Disclosure and News Service while the statements undergo audits. Once audited, Matrixx will submit the reports on the EDGAR system and become compliant in the company’s reporting requirements for eligibility on the OTC Bulletin Board.


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Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Matrixx to complete the proposed acquisition(s), the results of Matrixx’s due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Matrixx to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.




Source: Accesswire (July 20, 2010 - 11:13 AM EDT)

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