OKLAHOMA CITY, Dec. 04, 2018 (GLOBE NEWSWIRE) -- 665 Energy, Inc. (OTCBB: SSOF), formerly Sixty Six Oilfield Services, Inc., today reports that it has elected to cancel the previously announced Letter of Intent (“LOI”) under which the Company would be acquired for cash and stock by 10sion Holdings, Inc. This termination was a mutual decision by both parties.
665 Energy will seek to continue to organically grow and develop the Company with the planned expansion of current operations, and will seek local acquisitions to add to future revenue. Further, 665 Energy will now proceed with internal plans to complete the full financial audit of the Company and a Registration statement as soon as practically possible.
About 665 Energy, Inc.
665 Energy, formerly Sixty Six Oilfield Services, is now a third-generation heavy oil field equipment company founded in Oklahoma in 1959. Subsequent to the period ended June 30, 2018, the Company has completed the exchange with Fluid End Sales (doing business as Five Star Rig and Supply) which was established as a family owned business in 1984. The Company focuses on supplying the oil industry with custom drilling rigs, heavy-weight drill pipe, drill collars, pup joints, pony collars, handling tools, tubing, casing, blow-out preventers, engines, compressors and other select equipment to customers world-wide through its facilities in Oklahoma City, Germany and Dubai. The Company’s services include the sale of new equipment, sale of refurbished and certified used equipment, as well as rental of oilfield equipment. For more information, visit www.665Energy.com
SAFE HARBOR AND INFORMATIONAL STATEMENT
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company's reports filed with the SEC. The Company is not eligible to rely on the safe harbor provided by Section 21E(c) of the Exchange Act because it is not subject to filing periodic reports under Sections 13 or 15(d) of the Exchange Act.
665 Energy, Inc. Contact:
info@665Energy.com
405.237.8207
www.665Energy.com
Only information that is publicly available will be provided.