TX Holdings Oversubscribes Private Placement
MIAMI BEACH, Fla., Sep 11, 2006 (BUSINESS WIRE) -- Mark Neuhaus, TX Holdings, Inc. (Pink Sheets:TXHG) Chairman, is very pleased to announce that we have completed the Private Placement and that it was oversubscribed by twenty-five percent (25%). TX Holdings would like to thank Brill Securities (http://www.brillsec.com) and their institutional clients for their enthusiasm, support and participation.
The completion of this financing will allow the Company to move forward with its acquisition and development program. During the month of September, TX Holdings will be working in all three of its fields to bring the existing wells on production. The work will continue over the next several months and once the existing wells are back on production, the Company will begin its new well development plan. This is an exciting time for the Company.
As disclosed by Mr. Neuhaus last week when he appeared on the WALLSTREETREPORTER (http://www.wallstreetreporter.com) with host Killan Brandon, the company is delighted that the Private Placement was oversubscribed. Mr. Brandon and the WALLSTREETREPORTER have recently interviewed such notable energy companies as Aurora Oil & Gas (AMEX:AOG), EVOLUTION PETROLEUM (AMEX:EPM), PRB Energy (AMEX:PRB), Storm Cat Energy (AMEX:SCU) and Whittier Energy (NASDAQ:WHIT).
About TX Holdings, Inc.
TX Holdings Inc. is an emerging oil and gas exploration, development and production company, focusing on opportunities primarily in the Eastland and Callahan counties in Texas. TX Holdings is presently exploring a number of additional prospective acquisition targets in the region and hopes to announce those soon.
Safe Harbor Statement
The information provided in this Press Release does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of TX Holdings, Inc. There are substantial risks associated with investing in development stage energy exploration companies. No securities commission or similar authority has in any way approved any of the information contained in this press release.
Forward-looking statements: This press release and other statements by TX Holding Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
SOURCE: TX Holdings, Inc.
CONTACT: TX Holdings, Inc., Miami Beach
Investor Relations
Frank Shafer, 586-354-4242
txholdings.com
info@txholdings.com
or
Brill Securities
Marty Lipper, 212-957-5700
brillsec.com |
