HOUSTON, Jan. 17, 2008 (PRIME NEWSWIRE) -- Global Link Technologies, Inc. (Pink Sheets:GBLK) announces that it is in the process of filing for a name and symbol change. The new name of the Company will be JR Oil & Gas, Inc.
JR Oil & Gas, Inc. is in the process of scheduling a rig to be on its lease site within 30 days, depending upon rig operator scheduling. The Company plans for its initial well to be drilled in the Yegua sands that are less than 4,000 feet deep. In reviewing nearby wells and seismic data, the Company anticipates discovering natural gas.
A balance sheet is being prepared by the Company's CPA firm this week that will be uploaded to the www.pinksheets.com web site. The Company's attorneys are preparing the various regulatory filings which the Company hopes to have completed in the next ten (10) business days.
JR Oil & Gas appreciates all the interest it has had from its shareholders.
Further information about JR Oil & Gas is available on the company's website: www.jroilandgas.com
Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by JR Oil & Gas, Inc., (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief, or current expectations, estimates, or projections of the company, its directors, or its officers about the company and the industry in which it operates and are based on assumptions made by management. Forward-looking statements include without limitation statements regarding: (a) the company's strategies regarding growth and business expansion, including future acquisitions; (b) the company's financing plans; (c) trends affecting the company's financial condition or results of operations; (d) the company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the company's ability to respond to changes in customer demand and regulations. Although the company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.
Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix, and the geographic mix of sales.
The company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.