NEW YORK, April 28 /PRNewswire/ -- Digital Gas, Inc. (DIGG - Pink Sheets)
today announced that five of its subsidiaries hive signed investment banking
and advisory agreements with Salomon Grey Financial Corporation of Dallas
Texas, a nationwide full-service investment banking firm that is a member of
the National Association of Securities Dealers (NASD), the Securities Investor
Protection Corporation (SIPC) and the Regional Investment Bankers Association
(RIBA).
The five subsidiaries are Digital Kommerce, Inc., Qingdao Harbor Trading,
Inc., Itzagas, Inc., Digital Financial Services, Inc and True 8 Energy
Corporation. Salomon Grey will work with the subsidiaries to obtain financing
and to identify, refer, and negotiate potential merger and acquisition
candidates and other business transactions on behalf of the companies,
including potential joint ventures and associated capital formations. In
addition to the above, Salomon Grey will work with each subsidiary to increase
the recognition of its value and to increase shareholder value.
Salomon Grey has informed Itzagas, Inc. that its first priority will be to
assist the Company in raising the capital needed to make the acquisition of
all or part of its first target acquisition in the Internet field, which is a
leading product information search technology company.
In order to clarify Digital Gas, Inc.'s business interest in the oil & gas
sector in China, management reports that upon concluding three days of intense
meetings in both Beijing and Dongying there is every indication that the scope
of business opportunities in China and other parts of the globe with a
potential partner is considerable.
Many positive discussions were held with regard to the disciplines in
which the personnel of Digital Gas are recognized worldwide for their
expertise. As a result, Digital Gas' Chinese counterparts are looking forward
to working together with Digital Gas.
This cooperation is a major step forward for Digital Gas to assist the
potential partner to gain a significant proportion of new business in the oil
& gas sector worldwide.
For further information, contact Leo Murray at 212-856-4496.
SOURCE Digital Gas, Inc.
-0- 04/28/2000
/CONTACT: Leo Murray of PR Associates, 212-856-4496, for Digital Gas,
Inc./
(DIGG)
CO: Digital Gas, Inc.
ST: New York
IN: OIL
SU: CON
*** end of story *** |
