ABILENE, Texas, May 9, 2007 (PRIME NEWSWIRE) -- TX Holdings, Inc. (OTCBB:TXHG) has been accepted for trading on the (OTC-Bulletin Board) www.otcbb.com
On Wednesday May 9, 2007, TX Holdings was listed on the OTCBB as a fully reporting public company. "We are very pleased that the Company has achieved this listing as one of managements stated objectives," said Mark Neuhaus. The company management has listed this accomplishment as key to reaching its longer range objectives relative to financing oil and gas operations on its current holdings in Texas as well as other properties currently being contemplated by management.
"On behalf of the Board, we are very happy that TX Holdings has realized another one of its many goals towards being a successful oil and gas production company," stated Director Doug Hewitt.
This is the next level for the Company both in its compliance as a fully reporting company and to better communicate with its shareholders and the investment community at large.
About TX Holdings: TX Holdings is a publicly traded oil and gas production company. The Company's strategy consists of acquiring and developing shallow, low-risk, high-yield oil and gas leases with its initial primary acquisitions in West Texas. TX Holdings currently has a majority working interest in over 120 wells divided between three active projects. After the ongoing recompletion and workover programs, these wells are estimated to produce between 1 to 4 BOPD each prior to initiating the planned water flood program for enhanced recovery. For further information, please visit the Company's website at www.txholdings.com
Forward-looking Statements: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof.