WILLOW PARK, Texas and NETANYA, Israel, Dec. 23, 2003 (PRIMEZONE) -- Ness Energy International, Inc. (OTCBB:NESS) announced today it has undertaken an analysis of Israeli sources as part of a plan to pinpoint and locate future Israeli projects. Ness counsel is preparing agreements regarding the negotiated arrangements that have been ongoing with Wall Street financiers and brokerage firms, and are now focused on completion of a comprehensive release regarding progress in Texas and Israel and the vehicle that will take us there. This update will be released before year end. Ness is committed to "realizing" our vision, to bless and enrich Israel, the Christian communities and those shareholders and other supporters of Ness who believe with us as we boldly go forward to accomplish the work at hand.
Recent Meetings, Ongoing
These past few months, the Ness President and his company representative have been conducting a flurry of meetings with different sources. These sources have been assisting the company with science, both geological and geophysical and also historical contacts have been made to gain knowledge of the area so that we may have all the tools necessary to locate the drilling location in Israel. The pursuit of the funding needed for Ness' Texas projects has been on the front burner and has been discussed daily with Wall Street firms. This funding will be used in the field, working on wells, which in turn will move the company into a position to drill in Israel. According to President Stephens, "Our company representative was sent to New York to continue meetings with the Wall Street group. Immediately upon completion, the representative then flew to Florida for additional meetings. At the same time, I rearranged my schedule, and instead of New York, I moved my focus from Wall Street to Israel, holding meetings in Colorado, California and Nevada to gain additional knowledge of the area around the Dead Sea."
Israeli Analysis
President Stephens stated, "While the work on the newly acquired leases and wells continue, the increased production in Texas will be the platform or foundation for our vision, as we retain the direction of my Dad, Hayseed, in seeking an abundant source of wealth for Israel, which we believe to be supported both by science and scripture. As my Dad said so many times, the Southwest End of the Dead Sea in Israel is the only place in the world where Science and the Bible shake hands. To accomplish this, I have been meeting with experienced professionals, including Historical Archeologists, Petroleum Geologists and Geophysicists, all of which are very knowledgeable about the history and the geography of the area we are targeting in Israel. These meetings, held in Colorado, California and Nevada, have uncovered some truly amazing science, history and little known facts found after years and years of research and study by these gentlemen. This information gathered, stirred and sifted together in order to base our direction, both immediate and long term on a recipe of Bible, science, history, and fact. The final results of our analysis will be put into motion early in 2004."
Wall Street
Stephens further states, "We are now in a contractual process with sources in New York. These contracts have been generated as a result of the meetings held on Wall Street. Our efforts should develop a long term funding strategy, backed by contracts and agreements. This also lands us sophisticated manpower that will support Ness with future mergers, acquisitions and projects."
Comprehensive Report
Ness is in the midst of a dynamic and demanding span in time. It is focused on operations and reworks in the oil and gas fields of Texas, while at the same time, concentrating on Israel and the work to be done there. In the midst of all of this, Ness is also securing financing to undertake all these tasks. Ness is planning its work program, both in reworking existing wellbores and drilling new wells. It is a very aggressive and extensive program designed to get the biggest bang out of the buck for 2004. A trip to Israel is planned in February for the Ness President. Funding and similar efforts on Wall Street are ongoing. The completion of an Israeli acquisition is on track and will close this month. Ness has secured financing and partners and is in the contractual phase of two pending Texas acquisitions, the first of which will close in January. This first deal alone nearly doubles the size of Ness' domestic operations. According to President Stephens, "I believe a comprehensive report will be released by my office before year end. I will be covering our position on numerous fronts in our ongoing and very aggressive campaign to realize the vision of Ness. We, however, also must remember this time of year is one for a special emphasis, God and family, God's love shown toward us by sending His Son, and family coming together from all parts of the world to celebrate His birth for the salvation of mankind. I view Ness as our family and our vision as one ordained by God. Therefore, we remain active and working hard for our shareholders. To generate cash flow, and continue to build the company even during this blessed time of year."
About Ness --The Vision
The current business of the Company is focused upon development and execution of oil and gas exploration plans with a focus both on pursuits in the petroleum rich state of Texas, and also in the Middle East, specifically Israel. Ness believes that Israel, in particular the Southwest End of the Dead Sea, is a place where Science and the Bible shake hands. And that Ness will achieve the vision of the location and recovery of an abundant source of oil and gas in Israel to supply Israel and the Christian communities with supernatural wealth.
Certain Information
Certain statements in this news release may contain forward-looking information and are based on Management's current expectations, estimates and projections subject to change. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements. Unless legally required, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company disclaims any information that is created or distributed by any outside party and endorses only information that is communicated by its official Press Releases.
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