VANCOUVER, British Columbia, June 23, 2006 (PRIMEZONE) -- Micron Enviro Systems, Inc. (OTCBB:MSEV) (Frankfurt:NDD) ("Micron") has now been assigned a new CUSIP number and symbol. On Monday, June 26, 2006, Micron will commence trading under the new symbol MENV and no longer will trade under the existing symbol of MSEV. Registered shareholders at the close of the market on June 23, 2006, will be entitled to receive the forward split shares. If you hold your shares through a brokerage house, please contact them directly for information on how the forward split will impact you. Shareholders of record will own three shares for each one share they own. For example, shareholders of record who own 25,000 shares of MSEV will subsequently hold 75,000 of the new shares with a new CUSIP number, trading under the new symbol, giving them ownership of a total of 75,000 shares of MENV.
Micron is currently undertaking a new marketing initiative to create additional awareness for the company. This plan will primarily be email-based and will target 100 percent opt-in private and institutional investors that trade stocks in Micron's price range. This new marketing initiative will be ongoing over the coming months.
Bernie McDougall, President of Micron, stated, "Management anticipates that this split will be met with a very favorable response. After the split, we will be in a trading range much more appealing to a much larger amount of investors, and may enable new or current shareholders much greater leverage to future corporate growth. We feel that Micron has an exceptionally exciting and compelling story with excellent liquidity. When you take into account the current near all-time highs on oil prices and that the shares are trading more than 40% below the high recently set, we feel that the Micron shares may not be reflecting the current value of the company, especially since the company's current liabilities have decreased by over 75% and the current assets have increased by 10 times from December 31, 2006 to March 31, 2006. At this time, Micron is one of the smallest market capitalized companies with exposure to multiple Alberta Oil Sands prospects."
Micron is an emerging oil and gas company that has exposure to four separate leases in the Athabasca Oil Sands of Alberta, Canada, which is the largest Oil Sands region in the world, and has production from multiple conventional oil and gas wells. Micron is one of, if not the smallest market capitalized company with exposure to multiple Alberta Oil Sands. Micron's goal is to become a junior oil and gas producer that focuses on the exploration, discovery and delivery of gas and oil to the North American marketplace. Micron currently has multiple independent sources of oil and/or gas revenue from production in Canada and Texas. Micron is presently involved in multiple oil and gas prospects, and continues to look for additional projects that would contribute to building Micron's market capitalization, including additional Oil Sands projects.
If you have any questions, please call Micron at (604) 646-6903. If you would like to be added to Micron'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 http://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.