CARSON CITY, Nev., April 6, 2005 (PRIMEZONE) -- Friendly Energy Corporation (Pink Sheets:FDEG) announced today that its wholly owned subsidiary, Friendly Energy Services Inc. has entered into a letter agreement with Mr. Ray Suhm of Oklahoma. Mr. Suhm has nearly 40 years of experience as a geologist and geophysicist.
Highlights of Mr. Suhm's career include: Explorationist with Humble Oil (Exxon) in Los Angeles, California, providing geophysical and geological interpretation for offshore Alaska including prospect generation; Associate Professor of Geology at Texas A & M University, Kingsville, Texas, responsible for lectures and laboratory instructions in petroleum geology, stratigraphy, and sedimentology in addition to making discoveries in the Frio and Wilcox plays of South Texas; further information regarding Mr. Suhm's activities can be found at his website: http://www.raysuhm.com
"We look forward to working with Mr. Suhm to capitalize on his expertise in identifying and exploring several promising prospects that have been identified to the Company," states Company president Mr. Douglas Tallant. "This agreement is the first step towards fulfilling the goals and objectives of the company to become an explorer of low risk, high potential properties with the ability of adding significant shareholder value for the future."
Friendly Energy Corporation is a development company involved in exploration of low risk oil and gas properties in the United States.
For Further Information: Investor Relations: 1-800-730-5854
This news release contains information that is "forward-looking" in that it describes events and conditions which Friendly Energy Corporation ("FDEG") reasonably expects to occur in the future. Expectations for the future performance of the business of FDEG are dependent upon a number of factors, and there can be no assurance that FDEG will achieve the results as contemplated herein and there can be no assurance that FDEG will be able to conduct its operations or production from its properties will result from or continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond the Company's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. FDEG disclaims any obligation to update any forward-looking statement made herein.