Gateway Energy Corporation (fka GNRG)

[Penny Stocks 2.0]

Gateway Energy Corporation (Gateway) owns and operates natural gas gathering, transportation and distribution systems in Texas, Texas state waters and in federal waters of the Gulf of Mexico off the Texas and Louisiana coasts. These systems include approximately 280 miles of pipeline ranging in diameter from 1 inch to 20 inches. Gateway conducts all of its business through its wholly owned subsidiary companies, Gateway Pipeline Company, Gateway Offshore Pipeline Company, Gateway Energy Marketing Company and Gateway Processing Company and CEU TX NPI, L.L.C. Gateway-Madisonville Pipeline, L.L.C is 67% owned by Gateway Pipeline Company and 33% owned by Gateway Processing Company. On January 10, 2010, the Company acquired the Hickory Creek Gathering System from Hickory Creek Gathering L.P. and Range Texas Production, LLC.