OMDA Oil and Gas, Inc. Launches Search for Investor Relations Firm;
Company to Hire Nationally Acclaimed Firm to Provide Investor Relations Services
MIAMI, May 10, 2004 (BUSINESS WIRE) -- OMDA Oil and Gas, Inc., an oil and gas production company (OTC.PK:OMOG), today announced that has commenced a search for a nationally-prominent investor relations firm to assist the Company with all aspects of its corporate and financial communications and strategies. The chosen candidate is expected to provide a wide range of services, including:
-- Market research and perception audits
-- Shareholder communications
-- Press release dissemination
-- Investment community outreach, meetings and roadshows
-- Development of corporate financial and operating materials
-- Analyst/shareholder presentations
-- Enhancing shareholder value
-- Building and maintaining the company's reputation within
constituent groups
"The Company recognizes that corporate communications are at the heart of delivering results and winning support from stockholders and market participants," said Adam Barnett, Chairman of the Company. "A top notch investor relations firm can directly impact a company's profitability, growth and market share. Our goal in engaging a quality IR firm with national coverage is to ensure that this important corporate function is performed with the utmost professionalism and perfection."
One of the first tasks assigned to the chosen investor relations firm will be to assess the status of the Company's stock repurchase plan. The stock repurchase plan will commence on Wednesday, May 12, 2004, as scheduled, on which date the Company intends to purchase a minimum of 10,000,000 shares of its common stock.
Finally, the Company is in the process of preparing the results from operations of its oil and gas production for the first quarter of 2004. The results should be completed in the next few weeks and will be made available to the stockholders at such time.
About OMDA Oil and Gas, Inc.
OMDA Oil and Gas, Inc. is an oil and gas production and lease acquisition company. Currently the Company owns participation interests in 355 oil and gas wells in Louisiana and Texas.
Web site: omogoil.com
SOURCE: OMDA Oil and Gas, Inc.
CONTACT:
OMDA Oil and Gas, Inc., Miami
Adam Barnett, 305-609-2345
omoilandgas@aol.com
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