TYLER, Texas, Aug. 22, 2006 (PRIMEZONE) -- Tyche Energy Inc. (Other OTC:TYEG) announced today that it has commenced the process of acquiring a listing on a European Stock Exchange. The listing will provide for large market visibility while offering a more liquid market for existing shareholders.
In cooperation with its North American operations, the company now has in place fully operational offices in Europe. The European offices will serve to assist the existing shareholder base there, as well as facilitate the immediate concerns of potential investors.
Website:www.tycheenergy.com
About Tyche Energy Inc.
Tyche Energy Inc. operates exploration projects through joint ventures in the Appalachian Basin and owns interests in a number of petroleum and natural gas leases in Elgin, Middlesex, Lambton, Kent, and Essex counties, Ontario. In addition to its main operating focus, the company is actively exploring projects in the Appalachian and Michigan Basins.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.