MIAMI BEACH, Fla., Aug. 23, 2005 (PRIMEZONE) -- Energy Telecom, Inc. (Pink Sheets:EYTL) (www.energytele.com), announced today it has signed a Letter of Intent to acquire the Dupree oil and gas leases from Murphy Land and Exploration Company of Louisiana.
"We believe that this acquisition is just the first step in the acquisition strategy we outlined earlier," stated Mr. Tom Rickards, CEO of Energy Telecom. "We are strongly committed to bringing our shareholders increased long-term value, and will continue to search for other elements we believe will deliver that value."
Energy Telecom holds United States and foreign patents designed to provide leading global manufacturers of casual audio eyewear and wireless optical projection technology with the means of offering the world's first hands-free, mixed-signal wireless personal telecommunication eyewear. These products will be worn by those listening to music, by those using Bluetooth enabled cell phones, and by police, fire, rescue, military and security personnel and those working in bio-hazardous, mining, construction and heavy manufacturing.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Energy Telecom, Inc. (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, if applicable, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward-looking statements include, without limitation, statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions are generally intended to identify forward-looking statements. Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the Company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the Company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix and the geographic mix of sales.
The Company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.