LIAONING, China, March 31 /PRNewswire-FirstCall/ - Arshad Shah, President and CEO of Empire Oil Refineries Corp. (formerly Exchange Media Corp.) (OTCPINK: EORZ), announces on behalf of the Board of Directors of the Company that the new name and symbol have been approved by FINRA and accepted by the Company as of March 30, 2011.
This corporate action will take effect at the open of business 03/31/2011. The new symbol on this date will be EORZ.
In furtherance of the previous news releases, the Company has negotiated a formal option agreement to acquire 100% NET working interest in an operating oil refinery in Western United States, pending shareholders' approval and terms of the contract.
The Company expects to conclude the option agreement on or before April 30, 2011.
Empire Oil plans to focus on this particular sector, which in the Board's opinion will be beneficial for the Company and its shareholders.
The statements contained herein which are not historical are forward-looking statements that are subject to risk and uncertainties that could cause actual results to differ materially from those expressed, including but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's press releases.
SOURCE Exchange Media Corporation