For immediate release:
Nerox Energy Corporation to file 10K and 10Q's ahead Of April 1998 Deadline
Engages Hurley & Company as Independent Auditors.
Irvine, CA - January 27, 1998 - Nerox Energy Corporation (OTC Bulletin Board: NROX) announced today that it is preparing to fulfill the requirements with the Securities and Exchange Commission by the end of January 1998, two full months ahead of its required reporting deadline of April 1998. To realize this self-imposed deadline, NROX has engaged Hurley & Company, Certified Public Accountants, to perform an independent audit of the Company's financial statements for filing with the Securities and Exchange Commission.
Nerox Energy Corporation President and Chairman, Jack Utter, stated "although NROX is not required to file with the SEC until April 1998 , the Board of Directors of the Company has made the decision to immediately cause the Company's financial statements and other SEC filings to be prepared by competent, licensed professionals and filed directly with the SEC upon completion at the end of January 1998. By complying with all necessary and mandatory SEC fining requirements, NROX is positioning itself to make the move from the Bulletin-Board to the Nasdaq Small-Cap Stock Market."
Nerox Energy Corp. is an emerging growth, fully integrated energy company with interests in oil and natural gas, coal and power plant development. The company's current primary focus is targeted on the development and marketing of the largest accessible high grade bituminous coal reserves in Alaska. The company's Jonesville Coal Mine is strategically located, offering ready access to both Pacific Rim and domestic markets.
Financial Statements in this press release other than historical facts are "forward-looking" statements within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earning, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.
SOURCE Nerox Energy Corporation |
