WESTMINSTER, Colo., May 18, 2011 (GLOBE NEWSWIRE) -- Arete Industries, Inc. (OTCQB:ARETD) announced that it was notified by FINRA that its ticker symbol will change back to (OTCQB:ARET) on Thursday, May 19th at the open.
FINRA temporarily changed the ticker symbol to ARETD in connection with the reverse split which took effect on April 18, 2011, at which time FINRA appropriately adjusted the price of its common stock, the number of outstanding shares and other pertinent information to reflect the 1-for-100 reverse split.
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About the Company
The Company is the operator of a gas gathering system and oil and gas properties in the Rocky Mountain Region of the United States. The Company is also pursuing projects that have significant upside potential and can produce significant revenue. As the projects are developed, Arete, or entities created by Arete, will have ownership interests in the revenue streams, which can be securitized and collateralized either equity or private debt holders. Enabling the company to continue to grow, fulfill its ongoing financing requirements, and create value for its shareholders. For additional information on the Company visit our website at www.areteindustries.com
Statement as to Forward Looking Statements.
Certain statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties not known or disclosed herein that could cause actual results to differ materially from those expressed herein. These statements may include projections and other "forward-looking statements" within the meaning of the federal securities laws. Any such projections or statements reflect Arete's current views about future events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from those projected. Important factors that could cause the actual results to differ materially from those projected include, without limitation, Arete's inability to meet the conditions to acquiring its current business including providing financing to provide for servicing current and new contracts; unexpected difficulties encountered in the investment market, competition, government regulation or other action, the ability of management to execute its plans to meet its goals and other risks inherent in their businesses that are detailed in their Securities and Exchange Commission ("SEC") filings.