MIAMI BEACH, Fla., April 12, 2006 (PRIMEZONE) -- TX Holdings Inc. (Pink Sheets:TXHG) (www.txholdings.net ) today announced that The Research Works, Inc. has released an analyst research report covering the company. The report is now available for review at: (http://www.stocksontheweb.com/txhg.pdf)
"The Research Works was chosen to evaluate TX Holdings due to the reputation of the company's managing director, Mr. Michael J. Ritger, and the in-depth knowledge he has of the oil and gas industry. Few analysts have the knowledge and insight in the microcap space as does Mr. Ritger. During his career, Michael has analyzed a great number of microcap and small cap companies and has proven himself to be extraordinarily knowledgeable in this underserved, but opportunity-rich market," stated Mr. Mark Neuhaus, CEO and Chairman of the board of TX Holdings.
The Research Works is an equity research boutique founded in 1992 that focuses on small cap, microcap, and penny stocks. The Research Works' stated objective is to discover undervalued small companies and help them achieve fair value for their stocks by producing high-quality, paid research reports that are grounded in fundamental analysis and employ state-of-the-art equity valuation models. The Research Works targets a far-reaching network of sophisticated, self-directed investors and distributes its research through a strong Internet presence and a large direct distribution list.
"We believe that the Research Works report clearly shows that our stock is grossly undervalued. As we continue to educate the market about the TX Holdings business model, coupled with the recent announcement of our acquisitions and estimated recoverable reserves, we continue to validate our overall growth strategy," added Mr. Neuhaus.
Safe Harbor Disclosure:
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.
Disclosures: This report was prepared by The Research Works, Inc. ("RW"), a Florida-based equity research boutique (http://www.stocksontheweb.com). Effective March 24, 2006, in consideration for RW's equity research services relating to this company, including this report, to be performed through April 11, 2007, the company agreed to pay RW a fee of 200,000 shares of the company's common stock (restricted). Terms under which all or a percentage of this fee is refundable are outlined in RW's ADV filing posted at http://www.stocksontheweb.com. This report is based on RW's independent analysis and judgment. The materials upon which the information in this report is based were supplied by the company and other sources believed by RW to be reliable; except as otherwise indicated, RW has made no independent verification and does not guarantee the information's accuracy or completeness. Any interpretations, earnings estimates, and conclusions contained in this report are those of RW. This report is not intended to constitute a recommendation for any particular investor to purchase or sell any particular security or that any particular security is suitable for any particular investor. This report should not be construed as a recommendation or request to engage in any transaction, or an offer, or solicitation of an offer, to buy or sell any security or investment, and investors are advised to consult their personal broker or investment advisor before making any investment decision concerning any of the companies mentioned herein. Use of this report may be subject to applicable rules of any self-regulatory organization of which you may be a member. The information contained in this report is subject to change without notice, and RW assumes no responsibility to update the information contained in this report. Subject to certain restrictions outlined in Part II of RW's Investment Advisor ADV filing, a copy of which is posted on RW's web site, RW and its affiliated entities and persons may purchase and hold positions in the securities of its clients, but they are prohibited from selling any securities of a RW client during the RW service period to such client. The Research Works, Inc. 2005. All rights reserved. Additional and supporting information is available upon request.
The information provided in this Press Release does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of TX Holdings, Inc. There are substantial risks associated with investing in development stage energy exploration companies. No securities commission or similar authority has in any way approved any of the information contained in this press release.