METAIRIE, La., March 14, 2011 /PRNewswire/ -- BCM Energy Partners, Inc., formerly known as Aeon Holdings, Inc. has completed the submission of all current financial filings to the OTC Markets, including an Initial Company Information Statement, effectively bringing the company to a current reporting status. Additionally, the Company has joined the OTC Markets News and Disclosure service to begin active communication with the investment public and is preparing a full audit of prior financial statements for submission to the SEC.
The Company has also filed all necessary documentation with FINRA to change its listed name to "BCM Energy Partners, Inc." from "Aeon Holdings, Inc." Pending approval, the Company has requested a symbol change to "BCME".
Dr. R. Gerald Bailey (Chairman & CEO), stated: "This current filing status not only has a powerful impact on the transparency and value of our public stock, but will allow us to begin educating the investment public on our strategy and breadth of acquisition targets. We have an active pipeline of acquisition targets across the U.S. Gulf Coast, and expect to move forward with several before the summer."
BCM Energy has also commissioned updated reserve reports from Collarini & Associates on its current assets and plans to announce the details of pending acquisitions as terms are finalized in the weeks to come. As prior reports were valued at $70 oil prices, management expects to report a significant improvement in reserve values based on updated engineering and the current increase in oil prices.
About BCM Energy Partners, Inc.
BCM Energy Partners was established to acquire distressed oil and gas assets with the intent to build a portfolio of proven reserves associated with producing wells. Since late 2007, BCM Energy Partners has been actively developing a network of field owners and managers throughout the Gulf Coast with a focus on identifying distressed, "off-the-radar" opportunities. BCM has an effective management team that is well-connected within the Gulf Coast oil and gas industry with over 100 years of collective experience acquiring and exploiting oil and gas assets. Management is supported by impressive roster of equity-incentivized advisors from the corporate finance and energy industries. More information is available at www.BCMEnergy.com.
Forward-looking statements speak only as to the date they are made, and except for any obligation under the U.S. federal securities laws, BCM Energy Partners undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.
SOURCE BCM Energy Partners, Inc.