DALLAS, Feb. 21, 2007 (PRIME NEWSWIRE) -- Tyche Energy Corporation's (Other OTC:TYEG) Board of Directors have approved a forward split of the Company's common stock. Shareholders of record as of March 1, 2007 will receive 5 (five) common shares for every one common share held. There will be no change in the par value of such shares. The forward stock split will be effective on March 9, 2007. Shareholders will be mailed the additional certificates on the payment date of March 9, 2007 and will not be required to surrender existing certificates.
Tyche Energy's strategy is to become a respected leader in the oil and gas exploration and development resource sector. Tyche continues to have the enviable position of being one of the lowest cost producers in North America.
Website: www.tycheenergy.com
About Tyche Energy Inc.
Tyche Energy Inc. operates exploration projects through joint ventures in the Appalachian Basin and owns interests in a number of petroleum and natural gas leases in Elgin, Middlesex, Lambton, Kent, and Essex Counties, Ontario. In addition to its main operating focus, the Company is actively exploring projects in the Appalachian and Michigan Basins.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.