Printer Friendly

Greater Sooner Holding Announces Listing on Frankfurt Exchange to Increase European Investor Awareness.

HOUSTON, Texas -- Greater Sooner Holding, Inc. (OTC:GSNH) today announced that the Company is now listed on the Frankfurt Stock Exchange (FSE) under the stock symbol GS8.

"Our listing on the Frankfurt Stock Exchange was undertaken to address the needs of international investors who are interested in directly participating in the re-development of a Texas oilfield. This is a most exciting way for a U.S. independent oil company to build market recognition internationally," said GSNH CEO, Russell F. Krauss.

Significantly, the small public float in GSNH in the U.S, and with no shares available for trading before on the Frankfurt Exchange, the value of additional investing by European investors should increase shareholder value.

The Frankfurt Stock Exchange (German: FWB(R) Frankfurter Wertpapierborse) is a stock exchange located in Frankfurt, Germany. The Frankfurt Stock Exchange is one of the largest and most efficient exchange places in the world. It is owned and operated by Deutsche Borse, which also owns the European futures exchange, Eurex, and the clearing company, Clearstream. The Frankfurt Stock Exchange executes over 90 percent of the stock transactions in the German market and represents a substantial share of the European market. Here the Frankfurt Stock Exchange floor trading looses, but in fast developing and expanding electronic trading (Xetra trading system) the FSE gains in European and international trade: partner-exchanges adopted the Xetra (trading system) (as the Vienna Stock Exchange in 1999, the Irish Stock Exchange in 2000 and the Budapest Stock Exchange in 2003); consolidation continues. Mainly through Xetra, the German stock market was opened to foreign investors and market participants. About 47% of the 300 market participants in Frankfurt come from abroad.

About Greater Sooner Holding, Inc.

Greater Sooner Holding, Inc. is a crude oil and natural gas exploration and production company with operations in Houston, Texas. The Company executes a repeatable business model to generate cash flow by reworking existing operating wells with proven reserves and using the proceeds to drill new and deeper wells in the target project area.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, the potential for additional customer growth from acquired operations and additional opportunities for growth. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: general economic business conditions, unfavorable weather conditions, the success of certain cost containment initiatives, changes in regulations or regulatory treatment, availability and the cost of capital, the success of growth initiatives, and other factors discussed in our filings with the Securities and Exchange Commissions. Additionally, this release may not be considered as legal, accounting, or investment advice, and is not, and may not be considered, a solicitation for the purchase of any securities issued by Greater Sooner Holding, Inc.
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.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:4EUGE
Date:Apr 17, 2006
Previous Article:Innovex Announces Fiscal 2006 Second Quarter Results.
Next Article:Dendrite Announces First Quarter 2006 Earnings Conference Call.

Related Articles
Vena Resources Begins Trading on the Frankfurt Stock Exchange.
Paramount Gold Now Trading on Frankfurt Stock Exchange.
EnXnet, Inc. Begins Trading On The Frankfurt Stock Exchange -- Begins Extensive United States And European Tour.
Cal-Bay International Leverages Equity Alliance's Global Reach to Obtain Frankfurt Stock Exchange Listing and Launch Targeted Investor Awareness...
Cal-Bay International Obtains Listing on Frankfurt Stock Exchange, Establishing International Presence and Gaining Access to European Capital Markets.
Searchgold Lists on Frankfurt Stock Exchange.
Reese Corp. Now Trading on Frankfurt Stock Exchange, First Property Acquisition to be Announced Shortly.
Fineline Holdings Inc. a Cartoon Company to Consider European Stock Exchange Listing.
Stronghold Common Stock to Trade on the Frankfurt Stock Exchange.
Pilgrim Petroleum Corporation Pursuing Listing on Frankfurt Stock Exchange.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters