Tekoil/PEXCON, Inc. Announces Monthly Shareholders Conference Call
THE WOODLANDS, Texas, Jun 22, 2005 (PRIMEZONE via COMTEX) -- Tekoil & Gas Corporation/PEXCON, Inc. (Pink Sheets:PXCN), an oil and gas exploration and production company, is pleased to announce the launch of its Monthly Shareholders Conference Call.
The company will hold monthly shareholders conference calls on the first Monday of each month at 7.00 p.m. EST. Conference calls will last for up to 45 minutes and will commence on Monday August 1, 2005.
Investors will have the opportunity to listen to development and acquisition updates, corporate updates, strategic developments and future plans from Tekoil's executive management team. Each call will also include an open line question and answer session, where shareholders will have the opportunity to communicate directly with key executives to get their questions answered.
According to Frank Clear, Tekoil's President and COO, "These conference calls have been designed to keep shareholders informed and to create shareholder confidence in the company's long-term future. Tekoil has a number of significant opportunities, and has a long-term vision. We believe this company has a very bright future and we feel it is important for our shareholders to understand that, and to know who we are."
Shareholders will be able to access a password for each call under "Investor Relations" at the company's Web site www.tekoil.com.
About Tekoil & Gas Corporation/PEXCON, Inc.
Houston-based Tekoil & Gas Corporation/PEXCON, Inc., is a technology driven, oil and gas exploration and production company that utilizes advanced production technologies. The company is focused on the development, acquisition, stimulation, rehabilitation, and asset improvement of small to medium-sized oil and gas fields throughout the North American continent. The combination of energy fuel reserves and advanced yield technologies are anticipated to generate value for Tekoil and its stakeholders as the company targets above average growth in the 21st century energy sector. Additional news and information will be made available on the new Tekoil Web site at www.tekoil.com, and through further press releases as acquisitions and development projects are executed.
Forward-Looking Statements:
This news release may contain certain forward-looking statements, including declarations regarding Tekoil/PEXCON and its/their subsidiaries' expectations, intentions, strategies and beliefs regarding the future within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements contained herein are based upon information available to Tekoil/PEXCON management as at the date hereof and actual results may vary based upon future events, both within and without the control of Tekoil/PEXCON's management, including risks and uncertainties that could cause actual results to differ materially including, among other things, the impact that additional acquisitions may have on the company and its capital structure, exploration results, market conditions, oil and gas price volatility, uncertainties inherent in oil and gas production operations and estimating reserves, unexpected future capital expenditures, competition, governmental regulations and other factors.
SOURCE: PEXCON, Inc.
By Staff
CONTACT: Tekoil & Gas Corporation
Mr. Eric Ottens, Executive VP
erico@tekoil.com
(C) 2005 PRIMEZONE, All rights reserved.
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SUBJECT CODE: ENERGY
OIL
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