Press Release Source: International Energy, Ltd.
International Energy, Ltd. Announces Merger
Tuesday April 10, 3:00 pm ET
ORLANDO, FL--(MARKET WIRE)--Apr 10, 2007 -- International Energy, Ltd. (Other OTC:ILGY.PK - News) (Frankfurt:I9E.F - News) is proud to announce that the Company has entered into a formal merger agreement with a mining company with extensive coal mining claims in Mexico, Central Africa and the U.S.A.
The merger partner currently holds rights for nearly 5,000 hectares (12.500 acres) of coal that is located approximately 150 miles south of the border with Texas. This coal project currently is conservatively estimated to yield approximately $8 million revenue in year one alone.
CEO David Watson stated: "The merger between both companies is a combination of sound management and the addition of exciting new projects for our Company to be a part of. Our shareholders will realize now that we want to not only participate in projects closer to our Corporate Headquarters but also in different sectors. As for our ongoing oil and gas projects in Central Asia, the Board will move to appoint additional directors from that region in order to oversee all developments with respect to those projects."
About International Energy, Ltd.
International Energy, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company\'s vision is to establish and enhance the company\'s foundation for Future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas-related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.
Safe Harbor Statement
The preceding includes forward-looking statements, which involve known and unknown risks, and uncertainties, which may cause the company\'s actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company\'s reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company\'s products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
International Energy, Ltd.
Tel: +1 407 574 6623