Blast Energy Services' Management May Purchase Common Stock in the Open Market
March 06 2009 - 11:59AM
PR Newswire (US)
HOUSTON, March 6 /PRNewswire-FirstCall/ -- Blast Energy Services,
Inc. (OTC:BESV) (BULLETIN BOARD: BESV) announced today that its
management believes that the current trading price of its common
stock does not represent the true value of the common stock, based
on the recent positive results relating to the company's applied
fluid jetting ("AFJ") technology and the traction we are seeing in
the marketplace to contract our service. Therefore, the company's
management may purchase shares of the company's common stock from
time to time in the open market or in private transactions,
reflecting management's confidence in the company's long-term
prospects. Website address http://www.blastenergyservices.com/ Safe
Harbor Statement This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 (the "Act"). In particular, when used in the
preceding discussion, the words "believes," "expects," "intends,"
"plans," "anticipates," or "may," and similar conditional
expressions are intended to identify forward-looking statements
within the meaning of the Act, and are subject to the safe harbor
created by the Act. Any statements made in this news release other
than those of historical fact, about an action, event or
development, are forward-looking statements. Forward-looking
statements involve known and unknown risks and uncertainties, which
may cause the company's actual results in future periods to be
materially different from any future performance that may be
suggested in this release. Such factors may include risk factors
including but not limited to: the likelihood that the customer
lawsuits result in meaningful proceeds, the ability to raise
necessary capital to fund growth, adequate liquidity to manage
operations and debt obligations, the introduction of new services,
commercial acceptance and viability of new services, fluctuations
in customer demand and commitments, pricing and competition,
reliance upon lenders, contractors and vendors, the ability of
Blast's customers to pay for our services, together with such other
risk factors as may be included in the company's filings on its
periodic filings on Form 10-K, 10-Q, and other current reports.
Blast Energy Services, Inc. takes no obligation to update or
correct forward-looking statements, and also takes no obligation to
update or correct information prepared by third parties that are
not paid for by Blast. DATASOURCE: Blast Energy Services, Inc.
CONTACT: John MacDonald of Blast Energy Services, Inc.,
+1-281-453-2888, or +1-713-725-9244, Web Site:
http://www.blastenergyservices.com/
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