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Microcap & Penny Stocks : Adair Intl. Oil and Gas (AIGI) -- Ignore unavailable to you. Want to Upgrade?


To: Bill Kinkade who wrote (758)3/29/2001 12:38:15 PM
From: Bill Kinkade  Read Replies (1) | Respond to of 769
 
Thursday March 29, 11:37 am Eastern Time
Press Release
SOURCE: ADAIR INTERNATIONAL OIL & GAS, INC.
ADAIR's SUPERIOR GEOPHYSICAL, INC. to Manage, Design and Process Large Gulf Coast Seismic Shoot
HOUSTON, March 29 /PRNewswire/ -- John W. Adair, Chairman of ADAIR INTERNATIONAL OIL & GAS, INC. (OTC Bulletin Board: AIGI - news) announced today that SUPERIOR GEOPHYSICAL, INC. a wholly owned subsidiary of ADAIR INTERNATIONAL OIL & GAS, INC. has reached agreements to design, acquire and process 3D seismic programs in the United States, Gulf Coast Area.

Mr. Bill Wiseman, President of SUPERIOR GEOPHYSICAL, INC., stated that the company has engaged in agreements to manage, design, acquire and process between 100 and 200 square mile ``Group Shoots'' in the Gulf Coast Area of the U.S.A. These agreements enable SUPERIOR GEOPHYSICAL, INC. and ADAIR INTERNATIONAL OIL & GAS, INC. to take advantage of the expanding Oil and Gas Exploration markets. ``The 3D seismic 'Group Shoot' concept is not new to the industry,'' stated Mr. Wiseman, ``and it gives the opportunity for larger areas to be evaluated at a much lower cost.'' Consequently, an exploration company can lower its funding cost while lowering its risks, resulting in better risk management for the company. SUPERIOR is very optimistic that now is the time to be exploring for oil and gas, considering the recent rise in fuel costs.

This news release contains forward-looking statements within the meaning of Securities Litigation Reform Act that involve risk and uncertainties, including exploration, development, operational and marketing and implementation risks, and other facts described from time to time in the company's public available SEC reports which could cause results to differ materially.

SOURCE: ADAIR INTERNATIONAL OIL & GAS, INC.

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