Apollo Resources International Signs Letter of Intent to Purchase Pipeline Network.

DALLAS -- Headline should read: Apollo Resources International Signs Letter of Intent to Purchase Pipeline Network (sted Apollo International Signs Letter of Intent to Purchase Pipeline Network).

The corrected release reads:

APOLLO RESOURCES INTERNATIONAL SIGNS LETTER OF INTENT TO PURCHASE PIPELINE NETWORK

Apollo Resources International, Inc. (OTCBB:PWBL) today announced that the Company has signed a letter of intent to acquire OGC Pipeline, LLC from SW Energy Investments, Inc. OGC owns a series of pipeline segments located in Oklahoma, with most of the lines concentrated in the northeastern and south-central areas of the state, and some of which extend into areas of north Texas.

Apollo plans to utilize the pipeline assets to gather natural gas, develop gas production in adjoining areas along the pipelines, and develop other opportunities within certain segments of the approximately 1800 miles of rightaways.

Apollo Resources International is a small public energy company focused on the acquisition and development of upstream oil & natural gas production assets. Additionally, the Company will evaluate existing and future alternative energy sources.

This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.