TAMPA, Fla., June 30 /PRNewswire-FirstCall/ -- Proper Power & Energy, Inc. (OTC Bulletin Board: PPWE) announced today that in a move to maintain shareholder confidence, the board has called a meeting for Thursday, July 1st, at the office of Proper Power to discuss possible plans for the issuance of a stock dividend to its shareholders. Once the terms and structure of this dividend is set and agreed upon, Proper Power will release a statement outlining this issuance.
"Proper Power has been hard at work taking all of the necessary steps that it feels are needed to succeed as a productive oil and gas company. We realize that a large part of our success will be a direct result of our ongoing investor support. Identifying the importance of shareholder confidence is yet another step we must take. A stock dividend for shareholders could be a great way to demonstrate our support for them," said Joseph Abdo, President, Proper Power & Energy.
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.
SOURCE Proper Power & Energy, Inc.