BOCA RATON, Fla., Nov. 3, 2006 (PRIMEZONE) -- StockMarketNewsAlert.com issues new trade alert for Running Fox Resource Corp. (Pink Sheets:RFXRF) (TSX-V:RUN) (Frankfurt:C8Q). According to M. D'Alonzo at First Equity Group Inc., recent news flow from the company has been very positive, "Running Fox announced nine month revenues of $5.15 Million With Net Income of $844,000."
For the nine-month period ended August 31, 2006 the Company revenue was $5,149,002 with net income for the same period of $844,122. For the three-month period ended 31 August 2006, the Company revenue was $1,589,705 with net income of $204,162, with continued natural gas sales and oilfield service demand.
Financial statements have been filed on SEDAR.
Running Fox is in the energy sector and is exploring, developing and producing oil and natural gas interests in Canada, while operating in the oilfield service sector, earning revenues from gas pipeline tie-in, facilities construction, and servicing of oil and natural gas wells in addition to the construction of field locations, gas plants, oil and gas battery facilities. Running Fox contracts out services to other energy producers. Visit www.foxgold.ca for further information on 100% owned subsidiary, Claymore Field Services, which is also building a strong equipment inventory.
On behalf of the Board of Directors; Steven Schurman, CEO, U.S. Professional Geologist www.foxgold.ca The Company relies on legislation applicable to forward-looking statements, and seeks safe harbour. The TSX-V has neither approved nor disapproved of the contents of this news release. CONTACT: Running Fox Michael Meyers (403) 742-0500
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All material herein is information supplied by the company or other sources believed to be reliable. The information contained herein is not guaranteed by First Equity Group, Inc. to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this profile have approved the statements made in this profile. This profile contains forward-looking statements that involve risks and uncertainties. Statements in this press release about the company's future expectations other than historical facts, are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, section 21E of the Securities Act of 1934, as that term is defined in the Private Securities Litigation Reform Act of 1995. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements. Such "forward-looking statements" are subject to risks and uncertainties set forth from time to time in the company's SEC reports that could cause results to differ materially from those expressed or implied include, but are not limited to, the results of future tests and the availability of funding for additional research and development. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. First Equity Group is not a licensed broker, broker dealer, market maker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.stockmarketnewsalert.com. First Equity Group has received compensation of twenty thousand dollars from Running Fox. First Equity Group's affiliates, officers, directors, and employees may also have bought or may buy the shares discussed in this profile and may profit in the event those shares rise in value. First Equity Group does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.