VANCOUVER, British Columbia, March 21, 2006 (PRIMEZONE) -- Micron Enviro Systems, Inc. (OTCBB:MSEV) (Frankfurt:NDD) ("Micron") is extremely pleased to announce that its shares are being traded on the Frankfurt Stock Exchange under the symbol NDD. The Frankfurt Stock Exchange is the world's third largest (only behind the NASDAQ and NYSE) organized exchange-trading market in terms of turnover and dealings in securities. This listing will enable Micron to attract European institutional and individual investors. Recently, there has been an influx of junior resources companies listing on the Frankfurt market, resulting in tremendous growth in shareholder awareness and shareholder value of those companies. This new listing will not dilute Micron's shares in any way.
Bernie McDougall, President of Micron stated, "This is going to be a huge step in the development of Micron for many years to come. This new listing will facilitate new institutional and private European investors' ability to participate in trading Micron without causing any added dilution to the shares outstanding. One other interesting aspect is that this listing may also enable shares of Micron to now be RRSP eligible for Canadians investors. Considering we have just entered in the world's largest oil sands region, we want to maximize our share value going forward and we feel that this is a major milestone in achieving this goal. Our next step to fully maximize this new listing is to hire a prominent investor relations firm based in Europe. Micron is one of if not the smallest market capitalized companies with exposure to the Athabasca Oil Sands of Alberta. These are tremendously exciting times for Micron and Micron's shareholders, and we plan to build the company to benefit our shareholders."
Micron recently announced its entry in the Athabasca region of Alberta, Canada, which is the world's largest Oil Sands region. This new Oil Sands project is located just south of Fort McMurray, Alberta and is in close proximity to major Oil Sands projects by Devon, Encana, and Cononco Philips. At a recent presentation, Encana's COO stated that Encana's Christina Lake Prospect, which is within 15 miles of Micron's new prospect, could grow to produce 250,000 barrels per day. The closest Oil Sands project adjacent to Micron's new project is the Whitesands Project that has stated reserves of 1.3 billion barrels of oil in place and has just initiated the start-up of a test plant.
Micron is an emerging oil and gas company that has exposure to the Athabasca Oil Sands of Alberta, Canada, which is the largest Oil Sands region in the world and has production from conventional multiple oil and gas wells. Micron is one of if not the smallest market capitalized companies with exposure to the 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 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.