Cambridge Energy Corp. Announces the Initiation of Its Petroleum Technology Advancement Program.Business Editors COCOA, Fla.--(BUSINESS WIRE)--Dec. 28, 2000 Cambridge Energy Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CNGG) today announced the initiation of a recently adapted dollar-saving program for the acquisition and development of its oil and natural gas properties. The Petroleum Technology Advancement Program (PTAP PTAP Procurement Technical Assistance Program ) will result in great savings to Cambridge Energy on production costs, and increase profits on the sale of its natural resources. This new computer software will also perform complete economic analysis and acquisition planning for establishment of in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. capability for the latest 3-D seismic-visualization analysis and display. Chief Executive Officer Perry West said: "This is an exciting and necessary step to achieve productivity advances in the near term and to compete and expand in the future. With PTAP in place, Cambridge Energy is looking to become a dominant player in the oil and natural gas industry." This news release includes 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 are made pursuant to the "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. " provisions of the Private Securities Litigation Reform Acts 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. While these statements are made to convey to the public the company's progress, business opportunities, and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission. |
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