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so i just looked on their new website and was wondering if they do the same things that the previous company does. i was just wondering because it seems like theres alot of fake companies and i wasnt sure if this was real. it says its incorporated in TX but its located in Malaysia so i find that odd. any opinions on what this company holds in the future?
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All penny stocks are pumps. Well, 99%, don't even look for legit runs. Find the momo and get out when its done. Thats what my $5000 has made me figure out!
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faith? haha it just seems to want to push up to 1 and above but then gets pulled just under then just above, I just feel it may go up (maybe not much) but enough for me to get out with some green instead of red! I am to new to say anything more then that, but I could sell now for almost no loss, but I am holding!
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SINGAPORE -- (MARKET WIRE) -- 05/15/06 -- Deep Earth Resources, Inc. (the "Company") (OTC: DPER) reports that further to the Company's news release dated May 4, 2006 in which the directors announced the change of the Company's name, management has initiated efforts to identify acquisition and joint venture opportunities within the energy sector.
The Company's initial efforts will be concentrated on identifying oil and gas properties located in the United States. Management will be studying information on properties located in Texas, Arizona, New Mexico and Utah. It is the Company's intention to employ a low-risk acquisition strategy in order to select the initial acquisition or joint venture targets. Once the company has acquired an interest in a core group of properties, a financial assessment will be conducted to determine the appropriate level of risk tolerance. Management focus will be on selecting the initial targets to establish a base within the energy sector.
About Deep Earth Resources, Inc.
Deep Earth Resources Inc. is focused on creating a network of strategic business alliances and corporate partnerships in order to identify and capitalize on emerging market opportunities. The Company's plan involves acquiring both majority and minority interests in various business operations in the commodities market that will prove beneficial to the Company's bottom line and shareholder value. More information on the Company can be found at http://www.deepearthoil.com
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. When used in this press release, words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although Deep Earth Resources, Inc. believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. The Company undertakes no obligation to update publicly any forward-looking statements.
CONTACT: Deep Earth Resources, Inc. Phone: 011 65 6248 4740
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