Adair International Reaches Agreement on Power Plant Site in Southern California
HOUSTON, July 22 /PRNewswire/ -- Adair International Oil & Gas, Inc. (OTC Bulletin Board: AIGI - news) has reached an agreement on a 40 acre site in Southern California whereby ADAIR and associate will begin a detail feasibility in order to construct a 500 MW natural gas fired power plant. ''The preliminary study has been completed and reaching this agreement on the land is a major next step in our project development,'' states Adair.
ADAIR also states it has complied with all eligibility rule requirements for an over the counter Bulletin Board Company and will file its Audited Financial Statement (10K) on time by August 31, 1999. The goal of ADAIR is to be fully Nasdaq quoted within the next 12 months. ''We are very pleased with the growth potential of the company and the positive response from Investment Banking Firms relating to our major projects under development which should spring board ADAIR into a substantial independent energy company,'' states John W. Adair, Chairman.
This news release contains forward looking statements within the meaning of Securities Litigation Reform Act that involves risk and uncertainties, including exploration, development, operational, marketing, and implementation risks, other facts described from time to time in the company's public available SEC reports which could cause results to differ materiality.
SOURCE: Adair International Oil & Gas, Inc.
AIGI
Last Trade 0.130 Volume 708,900
****fully reporting now, lost the "E" designation , now working on feasability of the land deal...some day ,this one will wake up...
:-))
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