PHOENIX, Oct. 18, 2005 (PRIMEZONE) -- Home Warranty Services of America, Inc., (Pink Sheets:HMWS) (the Company) has selected a proposal from an oil and gas asset located in Canada. The Company is in the process of signing a letter of intent and then a definitive agreement.
"With the selection of this asset complete, the Company is looking forward to the opportunity to move forward in the oil and gas industry," said Company President Jay Budd. "We're excited about the opportunity and look forward to expanding our efforts in the future," Budd went on to say.
This media release may contain forward-looking statements regarding, but not limited to, management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.