DALLAS, April 21, 2006 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, announced today that the web site has initiated Profile Coverage of Friendly Energy Corporation (Pink Sheets:FDEG). Friendly Energy, a growth oriented oil exploration and development company, is poised to take advantage of the current market pricing in the oil and gas industry that have created new opportunities to bring online proven undeveloped reserves, with very little downside risk to the company.
The company's primary operating philosophy is to develop low risk, high yield, under developed oil and gas reserves utilizing the most current technology available. This approach will enable FDEG to capitalize upon previously discovered and proven producing properties with known reserves that have not been completely exploited due to economic conditions.
To view the StockGuru.com Profile for Friendly Energy, Inc., please visit:
http://www.stockguru.com/profiles/fdeg/index.php
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This news release contains information that is "forward-looking," in that it describes events and conditions which Friendly Energy Inc. ("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.
Disclosure: Pentony Enterprises LLC was compensated $15,000 from a non-controlling third party for profile coverage. Pentony Enterprises LLC is not a registered investment advisers or broker/dealers. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.