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ARETE = ENERGY
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[QUOTE]Originally posted by Stockeyes22: [QB] Friday May 12, 12:35 pm ET WESTMINSTER, Colo., May 12 /PRNewswire-FirstCall/ -- Arete Industries, Inc. (OTC Bulletin Board: ARET - News) today announced that they will file their 10KSB for the year ended December 31, 2005 on May 12, 2006. Arete Industries, Inc. received a letter of intent for possible merger and $25,000 nonrefundable deposit on May 11, 2006. A spokesman of the Company stated that "we are sorry that it took so long to file our 10KSB for December 31, 2005 and that we will file the 10QSB for the first fiscal period ended March 31, 2006 by May 19, 2006." The letter of intent was received from an undisclosed oil & gas company. Representatives of the Company are in Florida today for a meeting to begin the due diligence process and set a schedule. The Company plans to issue more details and an 8-K as soon as they have a definitive agreement. [/QB][/QUOTE]
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