DALLAS, April 24, 2009 (GLOBE NEWSWIRE) -- Apollo Drilling, Inc. (Pink Sheets:APDR), today announced that it has formally changed its name to "Southwest Hydrocarbons, Inc" (the "Company"). The name change reflects the Company's recent change of its business focus in the oil & gas industry from contract drilling to exploration, acquisition, and production.
The Company's ticker symbol will remain APDR.PK for a period of time until a new symbol is assigned, at which time an update announcement will be made.
Additionally, the Company is moving its headquarters to 4141 Blue Lake Circle, Suite 177, Dallas, TX 75244.
"The Company is in the process of bringing its management-prepared financial statements up to date, and management expects the statements to be completed and filed within the next 30 days," said the Company's new CEO, Pat Berry.
Southwest Hydrocarbons, Inc is focused on upstream oil and gas exploration, development, and production. The Company is currently in the process of refining its new business plan.
This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.