HOUSTON, TX, June 26, 2018 (GLOBE NEWSWIRE) -- Soligen Technologies, Inc. (OTC Markets:SGTN) is pleased to update investors on several recent corporate changes.
On April 10, 2018, the Company, through its court appointed Custodian, filed Amended and Restated Articles of Incorporation with the State of Wyoming. The Company increased the authorized number of shares of common stock to 980,000,000 and designated a new series of preferred stock titled Series D Preferred Stock.
On April 24, 2018, the Company appointed Gary Grimshaw to its Board of Directors and to serve in the role as Chief Executive Officer and Chief Financial Officer. Mr. Grimshaw is joined on the Board of Directors by Jimmy W. Anderson and Craig M. Borel. Biographies of each of the directors can be found on the Company’s website.
Under its new leadership, the Company has transformed into an environmentally friendly acquisition and oil service company which contracts state of the art enhanced oil recovery (EOR) technologies to be utilized for its own acquisitions, leasing or joint ventures, and through its service division in the energy space.
Environmentally friendly survey imaging will afford the Company the ability to see below overburden rock and into the reservoirs which hold hydrocarbon resources. This technology helps locate and more precisely to analyze the hydrocarbons below, and in some cases to be used in a time mode which helps monitor how the reservoir is flowing in regards to the oil, water, and gas movement within.
The Company’s new corporate address is in the Pennzoil Plaza Building in Houston, TX. You may visit our new website at www.Soligentechnologies.com and contact us at our new phone number 832-871-5107. The Company will establish a Twitter page from which it plans to update shareholders of company news.
New Corporate Address
Soligen Technologies, Inc.
Pennzoil Plza. Bldg.
700 Milam, Suite 1300
Houston, TX 77002
About Soligen Technologies, Inc.
Soligen Technologies is an environmentally friendly oil and gas exploration and production company focused on the acquisition of previously producing wells with known reserves. The Company will utilize several proven ehanced oil recovery technologies that are expected to increase production with less impact on the environment than traditional enhanced oil recovery (EOR) methods. For further information, please visit the Company’s website at www.soligentechnologies.com.
Forward Looking Statements and Disclaimer
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations.