Attached files
AMERIGO ENERGY PROVIDES ACQUISITION UPDATE
SEVEN DAY DUE DILIGENCE PROCESS SLATED TO BEGIN THIS WEEK
PRESS RELEASE Source: Amerigo Energy, Inc. On Wednesday March 16, 2011, 6:00 am
EDT
HENDERSON, Nev., March 16, 2011 /PRNewswire/ -- Amerigo Energy, Inc. "The
Company" (OTC Bulletin Board:AGOE.ob - News), provided the following
information regarding it's anticipated merger/acquisition. If an agreement can
be reached, the company expects to announce a letter of intent detailing the
terms by March 24, 2011.
The company has entered into a due diligence period with two potential
candidates for the purposes of merger or acquisition. The companies are both
involved in consumer products and technology.
"We are thrilled to have identified two potential partners to further our
negotiations for acquisition. Either of the aforementioned candidates will
dramatically enhance the value for our existing shareholders while keeping
dilution to a minimum. I remain steadfast on the point of completing this
transaction without a reverse split or any recapitalization that might
negatively impact share price or liquidity. We feel the candidates we are
working with provide the best opportunity for our current and future
investors," stated Jason Griffith, Amerigo Energy's Chief Executive Officer.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995 Statements in this press release relating to plans, strategies, economic
performance and trends, projections of results of specific activities or
investments, and other statements that are not descriptions of historical facts
may be forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward- looking
information is inherently subject to risks and uncertainties, and actual
results could differ materially from those currently anticipated due to a
number of factors, which include, but are not limited to, risk factors inherent
in doing business. Forward-looking statements may be identified by terms such
as "may," "will," "should," "could," "expects," "plans," "intends,"
"anticipates," "believes," "estimates," "predicts," "forecasts," "potential,"
or "continue," or similar terms or the negative of these terms. Although we
believe that the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity, performance
or achievements. The company has no obligation to update these forward-looking
statements.
For more information please contact:
Jason Griffith
702-399-9777
