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Author Topic: CPOG at .0005 formerly PODM NEWS!!!!!
gumzsa
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I think CPOG will bounce nicely on this news.


Capital Oil & Gas, Inc. Has Entered Negotiations to Acquire Eleven Additional Full Service Gas Stations all With Convenience/Mini-Mart Stores on Location

HIALEAH, Fla., Aug 21, 2008 /PRNewswire-FirstCall via COMTEX/ -- Capital Oil & Gas, Inc. (OTC: CPOG), announced today that it has entered serious negotiations to acquire or lease eleven additional full service gas and convenience store stations in Florida to add to its growing retail petroleum & mini-mart portfolio.
The company believes that these additional eleven stations upon completion of negotiations and taking possession/closing of the properties will add additional revenues of approximately $55,000,000 to $60,000,000 million dollars per year in gross revenues to its ongoing operations and revenue stream.

The company will pay for these acquisitions/leases from existing cash flow & bank financing and cash flow from the new properties and will not alter the capital structure of the company as management views any use of its equities to finance these acquisitions as being totally against the company's overall growth strategy.

Upon the successful completion of these eleven properties and the pending closing of there other three previously announced properties, the company will control fifteen properties with projected annual gross revenues of 85,000,000 to 92,000,000 million dollars per year with a pre-tax profit margin of between 8% and 12%.

"As previously stated, it is the intent of executive management to control either by acquisitions or leases enough stations to generate a minimum of $100,000,000 million dollars per year in revenue, with a potential pre-tax profit margin of 8% to 12% per year overall. The company believes that it would then be in a position to become a fully reporting company and leverage its buying power from its suppliers," said Mr. Ariel Rodriguez, President & COO.

About Capital Oil & Gas, Inc.:

Capital Oil & Gas operates retail filling stations/convenience stores throughout the State of Florida; the company is aggressively seeking additional acquisitions that can meet its financial criteria.

You may visit us at: http://www.capitaloilgroup.net

This press release contains certain forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

SOURCE Capital Oil & Gas, Inc.


URL: http://www.capitaloilgroup.net
www.prnewswire.com
Copyright (C) 2008 PR Newswire. All rights reserved
-0-

KEYWORD: Florida
INDUSTRY KEYWORD: OIL
REA
SUBJECT CODE: TNM

Posts: 712 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
BooDog
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nice volume yest. striking .0009 at the open was sweet, i had my auto sell in at 8 so i'm out. Wasn't able to watch to get back in again. good luck.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7779 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
BooDog
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cpoop bouncing .0004 to .0006 hmmmmmmmmm just watching those shares getting dumped.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7779 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
EverGreen
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triple bottom yesterday

let see if it bounce

Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
gumzsa
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Maybe this will move this POS. Prolly not but never no someone was buying earlier this week..


Capital Oil & Gas, Inc. Reaches an Agreement to Acquire a Major Petroleum Transporter

HIALEAH, Fla., Oct 9 /PRNewswire-FirstCall/ -- Capital Oil & Gas, Inc. (OTC:CPOG) announces that at the close of business yesterday it has agreed to acquire a Ft. Lauderdale based petroleum/diesel transportation company with clients throughout the State of Florida.

The petroleum/diesel transportation company that will be acquired also has a branch/depot in Tampa, Florida and delivers to major clients such as BJ Stores and Major Retail Service Stations; the acquisition includes all existing clients, a fleet of ten (10) tanker trucks and a transfer station.

This acquisition will be financed with a combination of corporate funds on hand, seller financing and a block of restricted stock (restricted for two years). Further details regarding this transaction (such as financials) will be forth coming as they develop.

Ariel Rodriguez President, said, "I am extremely excited with this acquisition as it adds another dimension to our company. Capital Oil & Gas will continue to pursue any and all acquisitions that will benefit the company and its shareholders as we strive towards our stated growth plans."

About Capital Oil & Gas, Inc.:

Capital Oil & Gas operates retail filling stations/convenience stores throughout the State of Florida; the company is aggressively seeking additional acquisitions that can meet or exceed its current growth plan.

You may visit us at: http://www.capitaloilgroup.net/

This press release contains certain forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

DATASOURCE: Capital Oil & Gas, Inc.


CONTACT: Ariel Rodriguez of Capital Oil & Gas, Inc., +1-305-556-7701,


Web site: http://www.capitaloilgroup.net/

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