HOUSTON, April 11, 2005 (PRIMEZONE) -- Alaskan Oil and Gas (Pink Sheets:AKOL) has decided to disassociate the company from The Fowler Group and all associated entities. Alaskan Oil and Gas feels that severing all ties to The Fowler Group and associated entities due to extenuating circumstances that have arisen is in the best interest of its shareholders.
Alaskan Oil and Gas will shift its focus to its Caribbean and Asian interests. The company is currently negotiating to expand its Caribbean interests at the present time and have entered into discussions with an established producer in Asia.
About Alaskan Oil and Gas
Alaskan Oil and Gas (Pink Sheets:AKOL) is a development stage energy company and intends to become a worldwide company specializing in the extraction and production of oil and gas.
Safe Harbor Forward-Looking Statements
Statements contained in this release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are made based on information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the company and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.