Cantex Energy Corp. Announces Appointment of Two New Directors.SAN ANTONIO San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. -- Cantex Energy Corp. (Pink Sheets:CTXE) is pleased to announce that Dr. Tom Morgan and Mr. James C. (Jim) Mannatt Jr. have joined the Board of Directors effective immediately. Dr. Morgan is Consulting Geophysicist ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. with Providence Providence, city (1990 pop. 160,728), state capital and seat of Providence co., NE R.I., a port at the head of Providence Bay; founded by Roger Williams 1636, inc. as a city 1832. Technologies and the Big Canyon 2D Swath. Mr. Mannatt is the well-published owner of Providence Technologies Inc., the technology Company that has licensed its unique and proven technology to Cantex and its working interest partners on the Big Canyon Prospect. The Company is also pleased to report that the first of three lines has now been completed and data is being processed. The second line is underway and the entire project continues to be ahead of schedule. Trace Maurin, President of Cantex Energy Corp., stated, "We have always believed that our geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. experts at Providence Technologies have the capability and expertise to provide us the necessary advantages in proving up the estimated tcf of gas in the Big Canyon prospect. To have the owner of Providence join our board speaks volumes for the future of our shareholders." Other news: As May 31, 2006 was the annual year end, the Company has retained its lawyers to prepare and file, as soon as possible, a Form 10 Registration Statement with the SEC. The year-end financials will be posted on the Company's web site on or before the end of June. About Cantex Energy Cantex Energy Corp. is an independent, managed risk, oil and gas exploration, development, and production company headquartered in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . The Company's additional focus is the optimal exploitation and development of approximately 1,200 acres known as the West Ant Hills ant hill Noun a mound of soil built by ants around the entrance to their nest ant hill n → Ameisenhaufen m Prospect located in Niobrara County Wyoming. Cantex Energy Corp. is a Non-Reporting Company, quoted on the Pink Sheets, having filed a Form 211 pursuant to Rule 15c211 under the Exchange Act, with the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Compliance Unit. For real-time quotes, how to trade pink sheet stocks, how to protect yourself and additional stock information, please see www.pinksheet.com. Purchasing shares in Cantex Energy Corp. involves a speculative investment with substantial risks, and although the Company intends to use its best efforts to enhance the value of the shares, there is no assurance that the Company's operations will be successful. For more information about Cantex Energy Corp. (Pink Sheets:CTXE) please contact Barry Gross, Phone: 361-949-4999, or visit the Company's website at www.cantexenergy.com. Except for historical information contained herein, the statements 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 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 in the Private Securities Legislation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Cantex Energy's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: the potential that no commercial quantities of oil are found or recoverable, the price of oil and gas, geological problems that prevent us from reaching drilling targets and specific risks such as the Company's ability to raise financing and risks inherent in Cantex Energy's operations. These and other risks are described in Cantex Energy's Form 15c211 and other filings with the NASD and Securities and Exchange Commission. |
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