Cambridge Resources Victim of Email Spammers Mar 13, 2007 4:30:00 PM NEW YORK, NY -- (MARKET WIRE) -- 03/13/07 -- Cambridge Resources Corporation (PINKSHEETS: CBRP) (FRANKFURT: M3F) announced today that it has been a target and victim of email spammers.
According to the company, a series of emails touting CBRP were allegedly sent out to thousands of people the week of March 4, 2007. The company did not hire, pay and/or request anyone and/or any organization for the email distribution. The company does not and did not approve any of the content of said emails and the company was not aware of such email distribution nor does it condone such illicit practice.
Due to the emails and complaints thereafter, Pinksheets has removed the quotation from its website until a legal opinion by the company's counsel can be provided. It should be noted that quotation on the company's stock is available on all other quotation systems and that trading continues to be active.
Investors should seek complete information on the company and seek advice from their financial and or investment advisor before making an investment decision.
Cambridge Resources Corporation disseminated several press releases and investors can review said releases on the company's website at www.cambridgeresourcescorp.com and can speak to the company's investor relations department for more information. The company plans to make all financial and or material events known to the public via its website, press releases and the Pinksheets news service.
The company has a total of 180,000,000 common shares outstanding and no preferred shares, options or warrants. The company does not have any revenue; profit and assets are limited to the acquisition of American Pride Energy and its oil and gas properties, which have been independently valued at US $409 million and the liabilities are approximately US $5 million, which represents the payment required for the closing of the acquisition of American Pride Energy to occur on or before June 15, 2007.
About Cambridge Resources
Cambridge Resources Corp. is a junior oil and gas producer located in Kansas City and its properties have an estimated 5,000,000 barrels in recoverable reserves and once the required financing is concluded, the company expects production to grow to 182,500 barrels of oil per year and 219,000 MCF of gas per year. The company projects to generate approximately US $40 million in Revenue and US $32 million in Profit within the next 5 years and further exceed these projections with the acquisition of other properties with proven reserves in North America and around the world.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Alex Barta 514-991-2272 abarta*cambridgeresourcescorp.com
-------------------- If your not on the edge of ur seat, sell it! Everything posted is my opinion!
IP: Logged |
posted
I got a response from Alex today. Sounds Positive!
Dear xxx, We have some great news to come very soon and we are targeting $1/share within the next 3 months. We are in it for the long haul and intend to build true shareholder value. You might want to consider picking up some more to average down your overall cost. Thank you for your interest in CBRP. Regards, Alex Barta 514-991-2272
IP: Logged |
posted
need help- i'm checking corporate history of cbrp, and all officer's and addresses. can anyone find American Pride Energy in Kansas City? verify sale status, and property included, value. if that all checks out- cbrp is a millionaire maker!
quote:Originally posted by ZeroCool: need help- i'm checking corporate history of cbrp, and all officer's and addresses. can anyone find American Pride Energy in Kansas City? verify sale status, and property included, value. if that all checks out- cbrp is a millionaire maker!
I may look into this stock a little myself. But - it is amazing what you can find out about some of these stocks when you google everyone associated. and to go a step further by searching City Hall and city/county governments. You can really dissect a company on line these days (and the people) to a point it's almost creepy. If you're not finding anything I would wonder.
just at a glance i would rec you read this post...
posted
Tex, boodog, thx- appreciate it- but I was just looking for info on American Pride Energy. didn't have time to look that one up yet. thanks for the post though- useful info.
Cambridge Resources Signs USD $25 Million Financing Agreement Wednesday April 4, 9:00 am ET
NEW YORK, NY--(MARKET WIRE)--Apr 4, 2007 -- Cambridge Resources Corporation (Other OTC:CBRP.PK - News) today announced it has signed a financing agreement with a private investment group for a total of up to USD $25,800,000 which is composed of an initial $2,000,000 investment and a series of Warrants exercisable over a period of 60 months, whereby once exercised, represents a total investment of $25,800,000 into CBRP. ADVERTISEMENT
Cambridge Resources will immediately close the acquisition of American Pride Energy Inc. and its oil and gas properties independently valued at USD $409 million. The initial funding will be utilized to close the acquisition and enable the company to begin the work necessary to make operational four existing wells.
"This is a very significant time in our company's history; we are extremely pleased with our new financing partners and the agreed terms and conditions," said Tony Felitsky, President of Cambridge Resources Corporation. "We are going to immediately begin the re-entry and re-work of our existing wells, and start generating revenue and profits in the short term," further added Mr. Felitsky.
The company expects to release further information regarding the private investment group and the intended use of proceeds from the financing as the transaction advances towards the closing. The investment is subject to the completion of the due-diligence and is scheduled to close on or before June 28, 2007.
About American Pride Energy Inc.
American Pride Energy Inc. is an oil and gas junior producer located in Kansas City, where its properties have estimated 5,000,000 barrels of recoverable reserves, and once the required financing is concluded, the company expects production to grow to 182,500 barrels of oil per year and 219,000 MCF of gas per year. The company projects approximately USD $40 million in Revenue and USD $32 million in Profit within the next 5 years.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Contact: Alex Barta 514-991-2272 abarta*cambridgeresourcescorp.com
-------------------- If your not on the edge of ur seat, sell it! Everything posted is my opinion!
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
![[Smile]](smile.gif)
