TBX Resources, Inc. Engages Madison & Wall Worldwide, Inc.; National Investor Awareness Campaign To Be Launched Immediately
DALLAS--(BUSINESS WIRE)--Nov. 7, 2001--TBX Resources, Inc. (OTCBB:TBXR), an independent energy company engaged in the acquisition, production and development of proven domestic reserves, today announced it has engaged the services of Madison & Wall Worldwide, Inc., a nationally recognized, strategic financial communications firm, to generate broad market awareness of the Company among individual investors, institutions, analysts, retail stockbrokers, media sources and other investment professionals.
According to Dodi B. Handy, President of Madison & Wall Worldwide, Inc., "Given TBX Resources' tremendous success in completing five of five wells, with the sixth expected to be completed in the very near term, the Company appears to be firmly positioned to achieve sustainable long term revenue growth and profitability. Its strong balance sheet, low operating expenses, aggressive growth initiatives and impressive track record for industry partnering leads us to believe that TBX Resources is deserving of mass market attention from investors seeking opportunities within the domestic oil and gas sector."
Tim Burroughs, President and Chief Executive Officer of TBX Resources, added, "Since going public, TBX has focused almost exclusively on implementing our business plan and delivering enhanced value to our existing shareholders. With our working interest in the prolific Anadarko Basin in northwestern Oklahoma proving to be of enormous success thus far with nearly six of an estimated 80 wells completed, management felt that timing was right to begin proactively educating the investment community, at large, on the investment potential of TBX Resources. We look forward to working closely with Madison & Wall to ensure that we have the necessary strategic communications plan in place to effectively communicate our ongoing successes to Wall Street and ultimately introduce new shareholders to our Company."
About TBX Resources, Inc.
TBX Resources' mission is to become one of the leading oil and natural gas producers in the North Texas Region and the Anadarko Basin in Western Oklahoma. Since its incorporation in 1994, the Company's growth has been achieved through the acquisition of properties which are underdeveloped and are in areas where the Company believes substantial reserve additions can be made through development drilling activities, improved production practices and enhanced recovery techniques. Through dynamic and innovative contractual agreements with select industry partners, the Company is continually engaged in the evaluation and pursuit of additional properties for acquisition, which have low operating expenses and the potential for future development.
About Madison & Wall Worldwide, Inc.
Madison & Wall is a leading, nationally recognized, strategic financial communications firm that specializes in increasing mass-market awareness of its clients among individual investors, retail stockbrokers, institutional investors, analysts, the financial media and other investment professionals. Through its direct marketing initiatives - the Inside Wall Street-CD and Inside Wall Street direct mail programs, and its Web site, insidewallstreet.com, Madison and Wall concentrates on pro-actively spotlighting undervalued, undiscovered or turnaround situations operating in emerging, high-growth industries. Since its founding in 1992, Madison
Wall has represented hundreds of public companies headquartered on six continents.
Forward-Looking Statements
This release may contain certain forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which reflect the views of TBX Resources' management with respect to future events. These statements are subject to uncertainties and other factors that could cause actual results to differ materially from the statements made. Readers are cautioned not to place undue reliance on any of these forward looking statements since there can be no assurances that the forward looking information contained herein will in fact transpire.
Note to U.S. Investors - The U.S. Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to discuss only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. Certain terms used such as "probable" and "possible" are terms that the SEC's guidelines strictly prohibit issuers from including in filings with the SEC. U.S. investors are urged to review all public filings made by public companies.
CONTACT:
Madison & Wall Worldwide, Inc., Longwood, Fla.
Dodi B. Handy or Stephanie Noiseux
407/682-2001
tbxr@madisonandwall.com
KEYWORD: TEXAS
BW2345 NOV 07,2001
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