SAN DIEGO and CALGARY, Canada, Feb. 26, 2007 (PRIME NEWSWIRE) -- Surge Global Energy, Inc., (OTCBB:SRGG) and its operating subsidiary, Cold Flow Energy (collectively "Surge"), are pleased to announce the appointment of Iradesso Communications Corp., a Calgary-based investor relations firm, to help Surge communicate its plans and results to the investment community.
David Perez, CEO and Chairman of Surge, said, "We look forward to capitalizing on Iradesso's broad experience in researching and representing a wide range of clients, and in particular, supporting companies with Alberta oilsands assets, to grow investor awareness of the significant upside that we see in Surge's assets."
Iradesso's role includes development of Surge's communications materials, including investor website, fact sheet and corporate presentation, as well as development of Surge's financial reports and other marketing materials to ensure Surge communicates effectively with investors. Iradesso will also answer investor questions and proactively share the Surge story with investors. Ken Wetherell, CFA, will be Iradesso's primary contact for Surge.
"We look forward to providing Surge with comprehensive investor relations support as they grow the value of their Alberta oilsands assets," said Peter Knapp, President of Iradesso.
Iradesso and its employees hold no shares, either directly or indirectly, in Surge.
About Surge Global Energy, Inc.
Surge Global Energy, Inc., located in San Diego, California intends to aggregate and exploit an estimated one billion (net equity and working interest) of net recoverable reserves in oil sands properties in the Peace River and Athabasca regions of Alberta, Canada. For more information on Surge please visit www.SurgeGlobalEnergy.com.
The Surge Global Energy, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2471
About Iradesso Communications
Iradesso Communications specializes in investor relations, corporate communications and strategic research. Founded in 2001, Iradesso has created innovative communication strategies and materials for clients ranging from small businesses to large corporations. For more information on Iradesso please visit www.iradesso.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include the statements regarding the Company's expectations, hopes or intentions regarding the future, including, but not limited to, general economic conditions, market and business conditions; potential production and industry capacity and estimates. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. Additional risks and uncertainties include the possibility that Surge will not discover bitumen, oil or gas in the quantities the Company currently anticipates. To fund the probable and proven reserve development cost effort, Surge and Cold Flow anticipate raising a significant amount of capital which will result in substantial future dilution to existing shareholders. Other risks and uncertainties of the Company's business could cause actual results to differ and are discussed under the heading "Risk Factors" and in other sections of the Company's SB-2/A filed with the SEC on May 24, 2006 and February 14, 2007, the Company's Form 10-K for the 2005 fiscal year and in the Company's other periodic reports filed from time to time with the SEC. All forward-looking statements in this document are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statements.