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BDW Holdings Announces Anticipated Purchase Completion of Transworld Oil & Gas 1/20/2006
ORLANDO, FL, Jan 20, 2006 (MARKET WIRE via COMTEX) -- BDW Holdings, Ltd. (OTC: BDWH) announced today that it anticipates the completion of the purchase of all the outstanding shares of Transworld Oil & Gas (OTC: TWOG), for stock of BDW Holdings, Ltd., by the end of February. The company also plans to be operating under its new proposed name of International Energy Ltd. once the purchase is completed.
After the purchase of Transworld Oil & Gas, the new International Energy Ltd. intends to become a reporting issuer and list on a higher exchange, not only in the US, but will also seek listings overseas.
About BDW Holdings, Ltd.
BDW Holdings, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.
Safe Harbor Statement
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business. Anyone know what is going to happen here?
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ask has been holding around .009 for a while... Anyone know what to expect?
Posts: 112 | From: Syracuse, NY | Registered: Oct 2005
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