Black Dragon Will Gross Over $1,000,000 for the First Quarter of 2008.OIL CITY, La. -- Mr. Joseph Lanza Joseph A. "Socks" Lanza (1904-October 11, 1968) was a New York labor racketeer and a member of the Genovese crime family. Born in Palermo, Sicily, Lanza immigrated to the United States and settled in New York working as a handler in Lower Manhattan's Fulton Fish Market. , President of Black Dragon dragon, mythical beast usually represented as a huge, winged, fire-breathing reptile. For centuries the dragon has been prominent in the folklore of many peoples; thus, its physical characteristics vary greatly and include combinations of numerous animals. Resource Companies, Inc. (BDGR: PinkSheets), stated that for the first quarter of 2008, Black Dragon will gross over $1 million in revenues, compared to last year's first quarter total of $675,120. This result was achieved despite the heavy rainfall at the end of each of the months of February February: see month. and March, which significantly hampered the efforts of the Company's purchasers to collect oil. Mr. Lanza added that while gross numbers are almost always higher than the net amounts, he believes that the shareholders are best served by releasing gross figures as well. THE GOOD NEWS IS THAT DESPITE THE RAIN, BLACK DRAGON HAS FINALLY GROSSED OVER $1 MILLION IN A QUARTER. Mr. Lanza also stated, "this could be one of my last press releases as President of the Company, as I hope to be able to step down as President of Black Dragon very soon and permit the Summit Group to take over control of Black Dragon's operations." Mr. Lanza concluded by noting that there will soon be a significant amount of upcoming news regarding Black Dragon, but that Mr. Johnson and the Summit Group should be the ones to keep the shareholders current with information in the near future, including the progress of the Company's financing opportunities. Source: http://www.black-dragonoil.com About Black Dragon Resource Companies, Inc. (www.black-dragonoil.com) Black Dragon specializes in increasing the production of crude oil and natural gas from wells whose production amounts to 15 barrels of crude oil or less per day. The reduced production of these wells, a result of abandonment or plugging because of dropping prices of crude oil through the 1980s, represents a significant opportunity to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. local resources, while lessening domestic dependence on foreign oil. Black Dragon continues to acquire wells in the oil-rich regions of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. and Eastern Texas, augmenting its portfolio to over 400 operating oil wells. Forward Looking Statements: Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission. |
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