VANCOUVER, British Columbia, April 25, 2005 (PRIMEZONE) -- Micron Enviro Systems, Inc. ("MSEV") (OTCBB:MSEV) (OTCBB:MSEVE) wishes to report that the reason it received an "E" on its symbol on April 22, 2005, was due to an oversight in regards to the auditor's opinion letter not being filed with the SEC as part of MSEV's Form 10-KSB. The auditor's opinion which is part of the audited year end financial statements was erroneously not included. Subsequently, MSEV has filed an amended Form 10-KSB with the SEC which included the auditor's report. The financial statements and the Annual Report were submitted in a timely manner. This error has now been rectified and MSEV was informed by the NASQ that they anticipate that the "E" will be removed by open of trading on the morning of Tuesday, April 26, 2005.
Bernie McDougall, president of MSEV stated, "It is unfortunate that this oversight occurred, but we can assure our shareholders that the company is still on track. We have results pending from four separate oil and gas wells, which have already been paid for, expected to occur within the next 60 days. Nothing has changed with the company other than an administrative error."
The frac on the Pembina Prospect in Alberta is scheduled to occur on May 2, 2005. The operator feels that the road bans should be relaxed at that time and the crew will then be deployed to frac that well.
MSEV is expecting initial flow rates from the Stuart Well 60 No. 8 well any day. The remaining two wells on this prospect are expected to commence shortly.
MSEV is an emerging oil and gas company that has both oil and gas producing properties. MSEV's goal is a junior oil and gas producer that focuses on the exploration, discovery and delivery of gas and oil to the North American marketplace. MSEV currently has 16 independent sources of oil and/or gas revenue. MSEV's production is from nine oil wells in Canada, and seven wells producing oil and/or gas wells in Texas. MSEV is presently involved in multiple oil and gas prospects, and continues to look for additional projects that would contribute to building MSEV's market capitalization.
If you have any questions, please call MSEV at (604) 646-6903. If you would like to be added to MSEV's update email list, please send an email to info@micronenviro.com requesting to be added.
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors" in the Company's periodic filings with the United States Securities and Exchange Commission, which can be viewed at www.SEC.gov. For all details regarding working interests in all of MSEV's oil and gas prospects or any previous news releases go to the SEC website. You should independently investigate and fully understand all risks before making investment decisions.