TWDL Business Update: Stock Now Trading As "Current Information" In The OTC Markets
LAS VEGAS, Dec. 3, 2012 /PRNewswire/ -- Texas Wyoming Drilling (OTC: TWDL) announced today that they have completed financial reports through the third quarter of 2012 and filed these financials with the OTC Markets . It is quoted as "Current Information" and the yield sign has been removed. Companies trading on the OTC Pink Market can choose the level of information they provide to investors. They start with "no disclosure," move up to "limited disclosure," and then rise to the top level of "current public disclosure," (shown as "Current Information"). This is the top tier on the Pink Market, and positions TWDL just one step away from the OTCQB.
The OTCQB is the middle tier of the OTC market, which requires audited financials and SEC reporting. The Company's goal is to qualify for the QB by the first quarter 2013, and to become fully reporting. TWDL is in the process of completing its audit going back to 2008. This is being done according to SEC Standards and Rules. The road to more investor transparency has been long and expensive. It has required two specifically qualified CPA's as well as attorney's opinions to verify that adequate current information is available concerning Texas Wyoming Drilling, Inc.
TWDL's Legacy Rock division continues to experience strong sales of calcium carbonate and decorative rock. This week the company announced a marketing agreement with a worldwide broker with ties to China and the Philippines, France and Korea. With his expert ties he has with top government officials in these countries, we anticipate a large order of Calcium in the very near future. TWDL has signed a Consultant Agreement with this firm PARADIGM THREE in Manila and they will represent TWDL to end users in these countries. Our calcium carbonate will be featured on the www.alibaba.com website.
Sales of decorative rock have been soft as evidenced in our financials. We expect increased sales and profits as new construction and new home sales pick up. For pictures of our mining operation go to www.texaswyomingdrilling.com and scroll down on the home page.
GOLD AND PRECIOUS METALS
The company continues to negotiate for financing so they can go forward with proper permitting and the completion of geological surveys, as well as the processing and extraction of gold and precious metals. They are also looking for joint venture partners from larger mines.
Dr. Bob Michet, President and CEO of TWDL stated, "We believe our stock is considerably undervalued, especially in view of the gold and platinum assays from our properties and our current operations."
TWDL is a diversified company involved in mining development. Through its Legacy Rock Division, the Company is currently concentrating on gold and precious metals, as well as calcium carbonate and decorative rock
FORWARD LOOKING STATEMENT
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Texas Wyoming Drilling, Inc. and members of its management as well as the assumptions on which such statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
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SOURCE Texas Wyoming Drilling