DALLAS, Oct. 15, 2009 (GLOBE NEWSWIRE) -- Southwest Resources, Inc. (the "Company"), formerly known as Apollo Drilling, Inc. (Pink Sheets:SWRS), today announced that it expects to complete the accounting activity toward finalizing its financial reports for the fiscal years ended 2007 and 2008 as well as for the nine month period ending September 30, 2009.
Accordingly, the Company's management expects to publish its Company Information and Disclosure Statement through the OTC Disclosure and News Service, which will incorporate these financials statements within thirty days.
Once this disclosure statement is published, the Company expects to achieve full compliance to meet the requirements for the Pink Sheets' highest tier, "Current Information."
About Southwest Resources, Inc.
Southwest Resources, Inc. is focused on upstream oil and gas exploration, development and production.
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.