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PR for WEDNESDAY JANUARY 3rd
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[QUOTE]Originally posted by J_U_ICE: [QB] 3rd XTMG PR January 2, 2007 - 2:15 PM EST XTMG .0001 Xtreme Technologies, Inc. Announces Implementation of the First Step of Its Business Plan Xtreme Technologies, Inc. (Pink Sheets:XTMG) announces today that is has implemented the first step in its Business Plan in acquiring undervalued proved producing reserves. Management believes that it will be able to find, evaluate and acquire many of these types of properties through management's industry contacts and by cutting cost and streamlining operations turning these properties into high revenue generators. XTMG's first property is the West Thrifty Unit located in the Bend Arch (Permian Basin) near Brownwood in Brown County, Texas. The lease encompasses approximately 1,500 acres with multiple producing zones and multiple oil and gas zones behind pipe that can be developed at a later date. Independent reserve estimates that there is between 1.5 to 3 million barrels of recoverable reserves to the 100% Net Revenue Interest in just one of these formations. XTMG owns a 22.275% WI and 15.75% NRI of the total reserves. That would give XTMG approximately 250,000 to 500,000 barrels of the proved producing reserves in this one formation plus the behind pipe reserves (see http://www.emeraldepi.com/Initial%20Project.htm. For more information please see press release dated December 29, 2006 or visit our website 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. Capital Group Advisors David Van Vort, 954-297-0706 Source: Business Wire News by QuoteMedia [URL=http://www.quotemedia.com]www.quotemedia.com[/URL] [/QB][/QUOTE]
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