EGPI very thin one
Energy Producers, Inc. Signs Agreement With LSC Associates, LLC to Underwrite And Complete a $1 Million Private Placement Memorandum and Assist Institutional Placement for $5 Million+ Debt Syndication
SCOTTSDALE, Ariz., Sept. 9 /PRNewswire-FirstCall/ -- Energy Producers, Inc. (BULLETIN BOARD: EGPI) is pleased to announce it has signed an engagement agreement with LSC Associates, LLC of Dallas ("LSC") with offices in Austin, Chicago and Boston to assist with its Capital Campaign to initially raise $1 million via a Private Placement Memorandum ("PPM") to be used for acquisition of oil production and working capital, and thereafter approximately $5 million+ by debt type syndication through an institutional placement for further growth and expansion for its plan of business. LSC and EGPI estimate completion for the PPM by end of September and are targeting the institutional placement completion for October/November 2003.
LSC is a merchant banking firm providing corporate finance solutions and is working with EGPI in areas, which include strategic planning issues, business valuation, offering structures and terms, and documentation management. Certain Managing Partners of LSC are registered representatives, and conduct underwritings through their registered Broker Dealer First Dunbar Securities and other firms.
In furtherance of building new business relationships and strategic alliances EGPI is now in discussions with Marketshare Recovery, Inc. (BULLETIN BOARD: MSRY) consultants of New York. It is envisioned that MSRY can provide increased business opportunities utilizing strategic relationships within their network.
EGPI additionally announced that it has extended both of its letters of intent with Comanche Point Production Company to acquire oil interests located in Bakersfield CA, and Montage Industries, Inc., as a potential acquisition to become a real estate subsidiary of Energy Producers, Inc.
EGPI is focused on oil production, with an emphasis on acquiring existing production with proven reserves. The Company, through its subsidiary, operates an oil and gas field equipment service and supply business. Energy Producers' initial areas of operations are located in Arizona, Texas, Arkansas and surrounding states.
Safe Harbor
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Energy Producers, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Energy Producers, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Energy Producers filings with the Securities and Exchange Commission.
CONTACT: Energy Producers, Inc., Scottsdale AZ
Dennis Alexander, 480/483-2000
energyproducersinc.net
Jeff Daugherty
LSC Associates, LLC
866-708-9600
Energy Producers, Inc.; LSC Associates, LLC
CONTACT: Dennis Alexander of Energy Producers, Inc., +1-480-483-2000; or
Jeff Daugherty of LSC Associates, LLC, +1-866-708-9600
Web site: lscassociates.net
energyproducersinc.net |
