Texas Oil and Minerals CEO Issues an Open Letter to Shareholders
HOUSTON, Aug. 18, 2011 /PRNewswire/ -- Texas Oil and Minerals, Inc. (OTC Pinksheets: BNPD) today issued a letter to shareholders from the company's CEO, Tom Gouger. www.texasoilandmineralsinc.com
Dear Fellow Shareholders,
Since creating Texas Oil and Minerals, I have focused our talented team on executing our ambitious business plan. As a result of these efforts, we have experienced accelerated growth.
As a public company, the facts of our success in growing our company have been well documented. Unfortunately, in the modern age of the internet, message boards and blogs allow for the rapid and broad dissemination of information on companies whether the information is factual or not. In light of the recent activity and concerns, it is important to set the record straight about Texas Oil and Minerals.
Since becoming CEO, I have been focused on building long-term shareholder value and reporting to our shareholders in a manner that is transparent, accurate and in compliance with all applicable laws, SEC regulations, and stock exchange rules. During our transition from a private to a publicly reporting company quoted in the over the counter, we have taken what I believe to be all the logical steps to support our company growth.
While this transition has been time consuming and difficult, our objectives will be reached. The truth is we are making necessary improvements despite the short-term pain and expect to receive a letter from FINRA informing us that they have approved the symbol and name change sometime next week.
What we find most disturbing in the attack blog is its use of divisive, deceptive, and manipulative means for its own short-term gains at the expense of our shareholders.
About Texas Oil and Minerals (BNPD)
Texas Oil and Minerals creates value by acquiring and exploiting reserves in fields specifically targeted for oil and high-rate return North American clean burning natural gas. We are involved in prospects that range in value from $1,000,000 to $50,000,000, which include seismic and land projects, drilling prospects and the purchase of producing properties. Our team is comprised of highly skilled industry professionals who leverage their knowledge toward the success of our business. With more than three generations of collective experience, this team of professional and talented production personnel can provide innovative exploration and development solutions focused on creating exceptional returns in oil and gas through acquisition and exploration. www.texasoilandmineralsinc.com
Safe Harbor Statement:
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as INCL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking.
Stock Logiq Corp.
Robert Adams, 877-648-0004
SOURCE Texas Oil and Minerals, Inc.
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