TAMPA, Fla., July 19 /PRNewswire-FirstCall/ -- Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.ob - News) announced today that a meeting will be held at the offices of Proper Power & Energy to discuss the Company's progress as it relates to a recent initiative set forth for financing its projects in Utah. This will be the second round of meetings in the past two months to address raising capital. Two private funding sources have agreed to return with the expectations of all parties agreeing on a financing structure that would help Proper Power begin drilling in 2010.
"This meeting should give the Company a clear direction as to a definitive timeline for when we can commence drilling," stated Joseph Abdo, Proper Power CEO. "We will keep shareholders informed as to the Company's progress throughout the summer."
About Proper Power & Energy:
Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
Safe Harbor Statement:
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
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