HOUSTON, March 10, 2011 (GLOBE NEWSWIRE) -- Liberty Energy Corp. (OTCBB:LBYE) ("Liberty" or "the Company") is pleased to announce that Standard & Poor's (S&P) will be extending their coverage of the Company in its Equity Coverage and Distribution Programs.
The S&P's Equity Coverage and Distribution Package will provide the Company with an independent equity profile and unsurpassed distribution to the investment community. S&P will disseminate the Company's corporate data via their own proprietary electronic distribution platforms.
In addition to this extended coverage the Company will still benefit from S&P's Market Access Program which is an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of S&P's Advisor Insight. The company information, to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings.
S&P's website www.advisorinsight.com provides free access to a full spectrum of investors interested in getting information on companies. S&P's MarketScope is a real-time information service offering instant access to current market information on companies by more than 74,000 brokers and traders worldwide. S&P's Stock Guide database is distributed electronically to virtually all major quote vendors. Vital statistics such as price, volume, dividends, shares outstanding, financial position, earnings and much more will be made available to over 240,000 brokers, traders and professionals.
In addition, information about companies in S&P's Market Access Program will be available via S&P's Stock Guide database, which is distributed electronically to virtually all major quote vendors. As part of the program, a full description of Liberty Energy will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in up to 38 states under their Blue Sky Laws.
Blue Sky Laws are intended to protect the public from purchasing stock in fraudulent companies that lack substance, such as those selling swamp land, non-existent gold strikes and dry oil wells, or who have no assets besides a post office box. Blue sky laws require that corporations advertising and selling shares to the public must get approval from the state corporations commissioner and/or the Securities Exchange Commission after providing details on financing and management. The term comes from the intent to prevent the existence of corporations that have nothing behind them but "blue sky."
"S&P's financial coverage programs are some of the industry's best programs to broaden the dissemination of company information while increasing awareness to the financial community. We are very pleased to have such a vehicle tracking our activities and getting the facts relating to our Company's fundamentals out to a broader range of investors and shareholders worldwide," commented Ian Spowart, CEO of the Liberty Energy Corp.
ABOUT LIBERTY: Liberty Energy Corp (OTCBB:LBYE) is an Independent Oil and Gas Exploration and Production Company dedicated to the sourcing and production of fuel supplies in the United States and Europe. Headquartered in Houston, Texas, the company has leases and royalties in both Texas and Bulgaria, covering several wells with extensive potential for future development. In Texas, four leases – Dahlstrom, Ratliff, and two at Lockhart Northeast – are identified as rich oil and gas sites based around numerous geological pay zones. In North-West Bulgaria, Liberty has royalty rights to a 1,000,000+ acre natural gas property (the A-Lovech exploration block), an area of high quality, low- sulphur natural gas condensate. Through this combined international reach and domestic focus, Liberty Energy is committed to the development of US fuel reserves while seeking out further opportunities for the global energy markets.
Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Liberty Energy Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to Liberty Energy Corp.'s anticipated financial performance, business prospects, new developments, strategies and similar matters. Liberty Energy Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
ON BEHALF OF THE BOARD OF DIRECTORS,
Liberty Energy Corp.
Ian Spowart, Chief Executive Officer