COLUMBIA, Ky., June 6, 2012 (GLOBE NEWSWIRE) -- Puissant Industries, Inc. (OTCQB:PSSS) receives eligibility status from Depository Trust Company (DTC). Eligibility enables ownership of the company's shares to be transferred electronically by the DTC.
Brenda Lee Hamilton, securities counsel for Puissant Industries, stated, "Electronic trading is the standard in today's financial markets, and becoming DTC-eligible greatly simplifies the process of trading and exchanging a public company's common stock and improves market liquidity."
Puissant Industries, Inc. conducts oil and gas exploration, development and production activities in Clay, Laurel and Whitley counties of Kentucky. Puissant holds a 100% working interest and 85% net revenue interest in 39 wells, with approximately 28 miles of natural gas pipeline. Puissant Industries, Inc. has started it reworking of its Knox oil wells and Devonian Shale natural gas wells and expects to release production test results in the near future.
This press release contains forward-looking statements. The words or phrases 'may,' 'intends,' 'expects,' 'estimate,' 'indicate,' 'plans,' 'anticipates,' 'could,' 'if,' 'will,' 'should' or similar expressions are intended to identify 'forward-looking statements.' Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, the Company does not undertake, and the Company specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.