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PR for WEDNESDAY JANUARY 3rd
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[QUOTE]Originally posted by J_U_ICE: [QB] 2 PRs XTMG .0001 December 29, 2006 05:50 PM Eastern Time Xtreme Technologies, Inc. Announces Reverse Stock Split LAS VEGAS--(BUSINESS WIRE)--Xtreme Technologies, Inc. announced that effective May 31, 2006 the Company has amended its Articles of Incorporation with the State of Washington. The amendment was a result of the Board of Directors approving a Five Hundred for One (500 for 1) reverse stock split of the current outstanding shares of common stock. The effect of this five hundred for one reverse stock split will decrease the issued and outstanding common stock of the Company from 92,750,000 to 185,500. The Company is preparing the paperwork for submission to NASDAQ and the Company will announce when the reverse split will be effective. First American Stock Transfer of Phoenix, Arizona will remain the Company’s stock transfer agent. As part of a mandatory exchange, the transfer agent will exchange the common stock at no charge to the shareholders for a period of six months. All XTMG shareholders may contact First American Stock Transfer at 602-485-1346 to obtain their new certificates. Forward-Looking Statements: Certain statements in this announcement regarding future expectations, objectives, intentions and plans for oil and gas exploration, development and production such as “may,” “potentially,” “expects,” and similar terms may be regarded as “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made. Management’s current view and plans, however, are subject to numerous known and unknown risks, further testing and analysis, uncertainties and other factors that may cause the actual results, performance, timing or achievements of Xtreme to be materially different from any results, performance, timing or achievements expressed or implied by such forward-looking statements. Xtreme undertakes no duty to update or revise any forward-looking statements. Actual results may vary materially. December 29, 2006 06:04 PM Eastern Time Xtreme Technologies Inc. Announces Pending Acquisition LAS VEGAS--(BUSINESS WIRE)--Xtreme Technologies, Inc. (Pink Sheets: XTMG) announces today that it has entered into a binding Letter of Intent to merge the company with Emerald Energy Partners, Inc. (EEPI). EEPI has been formed to execute a planned entry into the Oil and Gas Industry at a time when high product prices have opened development opportunities not previously available. Based upon independent reserve reports, they own approximately 500,000 barrels of proved producing reserves with opportunity for additional acquisitions and development. Its management has experience in both the oil and gas industry and publicly traded companies. More information on EEPI can be found at [URL=http://www.emeraldepi.com.]www.emeraldepi.com.[/URL] Forward-Looking Statements Certain statements in this announcement regarding future expectations, objectives, intentions and plans for oil and gas exploration, development and production such as “may,” “potentially,” “expects,” and similar terms may be regarded as “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made. Management’s current view and plans, however, are subject to numerous known and unknown risks, further testing and analysis, uncertainties and other factors that may cause the actual results, performance, timing or achievements of Xtreme to be materially different from any results, performance, timing or achievements expressed or implied by such forward-looking statements. Xtreme undertakes no duty to update or revise any forward-looking statements. Actual results may vary materially. Contacts Capital Group Advisors David Van Vort, 954-297-0706 [/QB][/QUOTE]
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