Wednesday January 21, 2:45 pm Eastern Time
Company Press Release
Adair International Oil and Gas, Inc. Requests That All Shareholders Initiate Delivery of Shares To Personal Portfolios
HOUSTON--(BUSINESS WIRE)--January 21, 1998--Adair International Oil and Gas (OTC Bulletin Board: AIGI - news) announced today that it is requesting that all shareholders contact their brokers and ask for the immediate delivery of Adair shares to the owners' personal portfolios.
The management of Adair International Oil and Gas, Inc. has been working diligently to increase share price, thereby increasing shareholder value and laying the foundation to build Adair International into a major independent oil and gas company.
Certain market makers have chosen to position themselves in a short stock position. This affords these market makers with the opportunity of reaping short term profits. The negative actions being conducted with the stock should cease if shares are delivered to the owners' personal portfolios.
This news release contains forward-looking statements within the meaning of the Securities and Litigation Reform Act that involves risks and uncertainties, including exploration, development, operations, marketing and implementation risks, and other factors described from time to time in the company's publicly available 10-K report, which could cause results to alter materially.
Contact:
Adair International Oil & Gas Inc., Houston John W. Adair, 713/621-8241
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