SAN ANTONIO, Feb. 10, 2011 (GLOBE NEWSWIRE) -- Energy Management International, Inc. (Pink Sheets:ENMI) announces today that it has acquired AM Oil Resources & Technology, Inc., an oil recovery and technology firm that has proven, tested, and patented crude oil technology (www.amoilresources.com).
According to Howard Dunn, President, "This acquisition marks a significant milestone for our Company. Our goal in 2011 is to produce a significant amount of crude oil from our existing properties and to acquire oil properties that we believe will be capable of producing profitable quantities with this strategy. Technology is paramount in oil recovery. This acquisition will add significantly to the asset value of the Company and will prove to be an extremely profitable venture for our Company as it will allow us to reach our sales, production, and development goals."
According to Anthony Miller, CEO of AM Oil Resources & Technology, "Finally, after a challenging year, we have partnered with a firm that has a vision that aligns well with our objectives. We look forward to cultivating a strategic plan with our technology. This relationship will not only provide success to the firm, but to other producers who may want to utilize its capabilities."
About Energy Management International, Inc.: Energy Management International, Inc. (www.energymanagementinternational.com) is positioning itself to add North and South American oil and gas production, and enter into downstream processing design, build, and/or operating agreements in Paraguay, Bolivia, and Argentina.
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DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Energy Management International, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Energy Management Internationals, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Energy Management International, Inc.