ARLINGTON, Texas, Feb. 1, 2005 (PRIMEZONE) -- Quest Oil (OTCBB:QOIL) today announced that the company has retained West Coast-based consulting firm Sussex Avenue Partners LLC to provide investor communications services and counsel effective immediately.
Sussex Avenue Partners is a full-service investor relations firm serving micro-, small- and mid-cap companies. The principals of Sussex have more than 40 years' combined experience in the capital markets and have worked with more than 75 publicly traded companies.
Rod Bartlett, Quest Oil's CEO, stated: "We are in a very exciting phase of our growth as we are actively involved in acquiring both significant reserves and producing properties. Our shareholders seek new and timely information, and we believe it is important to communicate our plans and progress to the investment community. Sussex Avenue Partners has a proven track record. Their comprehensive, fully integrated approach to investor relations will allow us to effectively reach all of our important principal constituencies, as well as reach new retail and institutional buyers of our public stock."
Barry Clark, Managing Director of Sussex Avenue Partners, will direct the investor relations program for Quest Oil. Commenting on the appointment, Clark said: "It is our feeling that Quest Oil is poised for significant asset growth. The senior management team at QOIL has done a tremendous job of working together to build the company from development mode to producing phase."
Clark concluded, "We look forward to working with the entire management team, to effectively communicate the implementation of Quest Oil's strategic growth plan to current and new investors."
About Quest Oil
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout North America. Company management is focused on an acquisition program targeting high-quality, low-risk prospects. QOIL's most valuable resource is our wealth of successful experience from a highly qualified team of seasoned professionals bringing over 100 years of experience with both Major and Independent companies to the exploitation, exploration and production of long-lived, high rate of return reserves. By exhibiting our creativity and balancing a tolerance for risk along with a relentless pursuit of efficiency, we maintain a corporate culture that values originality and invention while developing essential, long-term relationships via honesty, trust and integrity.
ON BEHALF OF THE BOARD Quest Oil Corporation Cameron King MBA CFO/Director
To find out more about Quest Oil Corporation (OTCBB: QOIL), visit our website at (http://www.questoil.com) www.questoil.com. Contact: Investor Relations 1-866-264-7668 Quest Oil Corporation.
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and sales performance, the impact on the national and local economies resulting from terrorist actions and other events, and U.S. actions subsequently, and other factors detailed in reports filed by the Company or inherent in the Company's business.