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National Healthcare Technology, Inc. Announcing a Name Change and Entering into the Oil and Gas Industry.


SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay.  -- National Healthcare Technology, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:NHCT) announced today that it is entering into the North American North American

named after North America.


North American blastomycosis
see North American blastomycosis.

North American cattle tick
see boophilusannulatus.
 oil and gas industry. The company will change its name to National Energy Group, Inc. and plans to acquire producing oil and gas assets and proven developable fields.

The Company is changing its direction to the oil and gas markets because it believes that this will improve its prospects for success due to both the current and expected future positive market conditions. Further it expects to exploit the valuable contacts, industry expertise and business opportunities it plans to derive from Summitt Oil and Gas, Inc., an industry experienced consulting resource. As a result of this focus into the energy sector, the Board of Directors has decided to discontinue dis·con·tin·ue  
v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues

v.tr.
1. To stop doing or providing (something); end or abandon:
 its activities in coatings and veneers and sell ES3 Liquid Stone Surfaces, Inc.

The Company is currently engaged in the review of several oil and gas business opportunities and expects to complete the acquisition of suitable prospects on or about April 15, 2006. The Company also intends to raise a $5,000.000 drilling fund in the near future as well as open an office in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation).
The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl.
.

Mr. Lyndon James, the President and Chief Executive Officer, said, "The management of National Energy Group, Inc. is primed and ready to build a profitable portfolio of oil and gas assets in the near term."

National Energy Group, Inc. will utilize 3-D seismic technology to evaluate oil and gas prospects and is engaging in both internal and external evaluation of oil and gas properties. The company intends to acquire its own drilling rigs for exploration.

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.
 Act Disclaimer (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the : This press release contains 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.
 within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend" "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements due to a wide range of factors which may or may not be in the company's control.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 4, 2006
Words:428
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