HOUSTON, Jan. 24, 2012 (GLOBE NEWSWIRE) -- Liberty Energy Corp. (OTCBB:LBYE) ("Liberty" or "the Company") a publicly traded oil and gas exploration and production company, today announced that their current auditors, ABBM Group Ltd. LLP Certified Public Accountants (ABBM), have merged with McConnell & Jones LLP (McConnell & Jones). The combined firms have now begun the transition of conducting business as McConnell & Jones.
The merger will allow ABBM to provide a wider array of services with a greater depth of resources. McConnell & Jones share ABBM's values, work ethic and commitment to quality accounting, audit and tax services.
About McConnell & Jones
McConnell & Jones is a full-service public accounting firm offering Audit and Assurance Services (including Employee Benefit Plan Audits, SEC, Commercial, Nonprofit and Governmental Audits); Tax Planning and Compliance; and M&A Consulting. With more than 25 years experience in the Greater Houston marketplace, they are professionals with proven track-records in delivering client solutions, from business consulting to tax and financial planning, audit and accounting services.
McConnell & Jones currently have over 85 employees, including over 25 CPA's. they are a top 40 National CPA Firm Auditing Employee Benefit Plans and one of the top 15 CPA firms in Houston.
'We are pleased to hear that our already established audit firm have moved ahead with this merger. This has provided us with larger, more established independent audit firm who has the capacity and expertise to be able to accommodate for our current and ever growing needs. We are committed to continuing to work closely with our auditors, and we look forward to continue building our already strong relationship with them.' Commented Ian Spowart, CEO of 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