TULSA, Okla., Aug. 2, 2007 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Pink Sheets:WRNW) an emergent, rapidly growing diversified oil and gas regional operator, specializing in oil and gas exploration, enhanced recovery methods of abandoned and low-production oil properties, oil field services; is pleased to announce that it has entered into a strategic alliance with an OTC Bulletin Board company. It is anticipated that this alliance will be instrumental in completing the acquisitions that the Company has previously announced.
WRNW CEO David Rees said, "I am extremely pleased with this alliance. I have known the key people involved for several years and have enjoyed an outstanding personal and professional relationship with them for quite some time. They are very knowledgeable in structuring transactions and creating shareholder value."
WRNW anticipates a long and prosperous relationship with this OTC Bulletin Board company. "We look forward to sharing additional information regarding this alliance with our shareholders at the appropriate time," said Rees. Rees continued, "WRNW's strategic partners continue to be impressed with the quality of transactions that we are pursuing. We are very confident that we are on point to create significant value for all WRNW shareholders."
WRNW also expects all SEC audits of M&A's to be completed on or before the end of August.
About Well Renewal, Inc.
Well Renewal, Inc., headquartered in Tulsa, Oklahoma, is principally engaged in oil and gas exploration as well as enhancement and recovery of abandoned and low production oil properties, and oil field services, and is actively acquiring businesses in the oil and gas industry.
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.