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Proper Power & Energy Provides Operational Update
TAMPA, Fla., Aug. 26 /PRNewswire-FirstCall/ -- Proper Power & Energy, Inc. (OTC Bulletin Board: PPWE) announced today the Company has entered into negotiations to acquire two shallow wells; one in Texas and one in Kentucky. The acquisitions will allow for more assets and revenues on the Company's books.
"The completion of this acquisition will represent a significant increase in the Company's asset value," stated Joseph Abdo, Proper Power CEO. "Shareholder value is generated not only with increased cash flow and profit but with increased asset value."
About Proper Power & Energy:
Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
Safe Harbor Statement:
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
| Contact Information | |
| Corporate: Nicole Propp | |
| Investor Contact: Daniel Conway | |
| DC Consulting, LLC | |
| (407) 792-3332 | |
SOURCE Proper Power & Energy, Inc.
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