VISTA, Calif., May 7, 2004 /PRNewswire-FirstCall via COMTEX/ -- Cybertel Communications Corporation (OTC Bulletin Board: CYTP) announced today that Core Energy recently completed its annual reserve report. The company's independent engineering and geologic consultants have determined, conservatively, proven producing oil reserve of approximately $3 million. It is interesting to note that the report determines the overall worth by a snapshot in time as of December 30, 2003. Oil prices have risen considerably since that time. Oil and Gas is a highly prized commodity in today's world. Companies holding and controlling oil assets stand to gain strong rewards if operated intelligently. The company focus of Core Energy is to create substantial cash flow through a series of acquisitions and exploitations of reserves. March production was 3400 barrels with an 1100-barrel carryover.
About Cybertel
Cybertel is a fully integrated telecommunications service provider that supplies a wide range of telecommunications services. The company offers highly competitive rates to its residential customers on long-distance, personal 1-800 numbers, and calling cards. For businesses, Cybertel offers a wide variety of value-added services.
VISTA, Calif., May 11 /PRNewswire-FirstCall/ -- Cybertel Communications Corporation (OTC Bulletin Board: CYTP) announced today that The Giving Card, Inc. (TGC) has entered into a contract to reverse merge with a publicly held company. Cybertel has an investment in The Giving Card and has previously stated its intent to distribute shares in TGC to Cybertel shareholders after TGC became a public company.
"This gives us the opportunity for Cybertel to share its investment in The Giving Card with its shareholders," stated Richard Mangiarelli CEO of Cybertel.
About The Giving Card
The giving card is an Affinity Group product that allows credit card holders from Master Card, Visa and American Express, who are members of Affinity Groups such as college Alumni Associations or Charities, to contribute to their Affinity Group or favorite Charity by registering there currently held credit cards on The Giving Card Website and using their credit cards at selected merchants. There are currently 135,000,000 + card holders from college Alumni, Charities and other Affinity Groups in the United States.
VISTA, Calif., May 12 /PRNewswire/ -- Cybertel Communications Corporation (OTC Bulletin Board: CYTP) announced today that Core Energy is planning to triple selected production. Core has received authority to construct from the San Joaquin Valley Air Pollution Control District, the local agency responsible for issuing steam generator equipment permits. Core will begin steaming certain wells over the next 12 weeks.
The team at Core Energy said, "We are very excited over prospects with the steaming of our wells. Daily production should significantly increase for an extended period. Oil prices have increased dramatically over the past 2 months and we look for current prices to hold or possibly increase."
The company's independent engineering and geologic consultants have determined, conservatively, proven producing oil reserves of approximately $3MM dollars. It is interesting to note that the report determines the overall worth by a snapshot in time as of December 30 2003. Oil prices have risen considerably since December 31, 2003; also, Core has increased its production since the date of the reserve report.
***NEWS*** Cybertel Communications Reports The Giving Card Signs on 8,000 Charities
2004-05-13 10:15 ET - News Release
VISTA, Calif., May 13 /PRNewswire-FirstCall/ -- Cybertel Communications Corporation (BULLETIN BOARD: CYTP) announced today that The Giving Card, Inc. (TGC) has announced through its President, Donald Stump, the signing up of 8,000 charitable organizations to be recipients of the giving card rebates. Stump said, "THE GIVING CARD success is dependent on three areas; Charities, members with credit and debit cards, and merchants. All are essential for the program to be successful. Since our program was launched in mid January we have enrolled over 8,000 organizations ranging in size from family foundations with only a few supporters to mega organizations with international influence and supporters from coast to coast. Our member organizations are located from California to New York."
Although one area is not more important than the other, the organizations are referring to TGC, merchants that they do business with now, and merchants they would like to do business with if they give a rebate back to their charity. These referrals will greatly facilitate the effort we are now launching to build our national merchant network and should enable TGC to sign on tens of thousands of merchants over the next few months.
ABOUT THE GIVING CARD
The giving card is an Affinity Group product that allows credit card holders from Master Card, Visa and American Express, who are members of Affinity Groups such as college Alumni Associations or Charities, to contribute to their Affinity Group or favorite Charity by registering there currently held credit cards on The Giving Card Website and using their credit cards at selected merchants. There are currently 135,000,000 + card holders from college Alumni, Charities and other Affinity Groups in the United States.