******NEWS RELEASE *****
Energy Drilling Industries Inc. to Becomea Fully Reporting Company
June 3, 1998 09:01 AM
KEMAH, Texas--(BUSINESS WIRE)--June 3, 1998--Energy Drilling Industries Inc. EDII announced today the company is filing all documents with the SEC including its 12/31/97 audited financial statement prepared by BDO Seidman, LLP, in order to become a fully reporting company.
Based on the annual revenues, net worth and number of shareholders, the company will qualify to be traded on one of the major exchanges.
The company's previously announced acquisitions are being finalized.
The company will announce shortly the change of its name, in order to more accurately reflect the diversity of its holdings and acquisitions.
Energy Drilling Industries Inc. has five divisions: industrial, financial, oil and gas, real estate and entertainment. Energy Drilling Industries Inc. assists its subsidiaries vertically, to build each division in its own field. |
