news:
24.01.2007 00:08
Star Energy Applies For AMEX Listing
Star Energy (OTCBB:SERG) announced today that is has applied to list its common stock on the American Stock Exchange ("AMEX"). There is no guarantee that AMEX will approve the Company's application and investors are cautioned that approval is contingent upon Star's compliance with all applicable listing standards on the date it begins AMEX trading. The approval may be rescinded if the Company is not in compliance with such standards.
Star CEO, Patrick Kealy, commented on the filing by saying “We are pleased to have applied for an AMEX listing. I am a great believer in the specialist system. Having our stock trade on a major exchange means increased liquidity for our investors, furthering our overall goal of providing access to Russian and Eastern European natural resources and operating companies.”
About Star: Star Energy Corporation (Nachrichten) is a U.S.-based public oil and gas exploration company with one hundred percent (100%) of its assets located in Europe, primarily the Samara region of Russia. The company is pursuing a strategy of seeking investment and acquisition opportunities in Russia and Eastern Europe with the goal of providing Western investors with access to a portfolio of natural resource licenses and operating companies. Additional information can be found at www.starvolga.com.
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the approval of the listing application and the continued maintenance by the Company of the listing standards, recovery of oil and gas resources, the successful completion and integration of prospective acquisitions, competitive market conditions, and the ability to secure sufficient sources of financing. The actual results Star may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Star encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-KSB and Form 10-QSB. Star's public filings may be viewed at www.sec.gov.