HOUSTON, Aug. 16, 2006 (PRIMEZONE) -- Lucas Energy, Inc. (OTCBB:LUCE), an independent oil and gas company building a diversified portfolio of valuable assets in the United States, announced today it has retained the services of OTC Financial Network, a division of National Financial Communications (NFC) Corporation, for a comprehensive investor relations campaign.
NFC President Geoffrey Eiten said, "We are excited to represent Lucas Energy, a profitable company and new issue to the booming U.S. energy sector. The Company's compelling business model is based on discovering and acquiring properties, which are largely ignored or divested by traditional blue chip exploration companies. With a niche focus, Lucas keeps its overhead costs low, bolstering margins across a number of undervalued properties. This highly specialized approach enables Lucas to maximize return on investment within a shorter period of time (12 months versus 3 to 5 years), while minimizing the risk related to pursuing large-scale, unknown reserves."
James J. Cerna, Chief Executive Officer of Lucas Energy, stated, "Since the acquisition of our first property in May of 2005, we have added over 5,000 acres to our mineral acreage portfolio and achieved consecutive quarter-to-quarter profitability. We have selected to partner with the experts at OTC Financial Network to appeal to a broad spectrum of potential investors and enhance our shareholder communications."
Disclaimer: OTC Financial Network, a division of National Financial Communications Corp., serves as a special advisor to Lucas Energy, Inc. and has received fees for services, including a monthly retainer in the amount of five thousand dollars, plus expenses, for the creation and distribution of materials. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. Additional compensation information and a full disclaimer can be found online at http://www.otcfn.com/luce and selecting the "Disclaimer" link.
Safe-Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Lucas Energy to differ materially from those implied or expressed by such forward-looking statements. Lucas Energy assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.