Eco-Trade Resumes Trading as FINRA Lifts Trading Halt Order
Company to Focus on Development of Its Oil Property in the Bakken Formation
GREAT FALLS, Mont.--(BUSINESS WIRE)-- Eco-Trade Corp. (OTCQB: BOPT), an independent oil and gas exploration company (the “Company”), today announced that FINRA has lifted its temporary halt in the trading of its securities.
A spokesperson for the Company commented, “We are pleased to have the trading halt lifted so that we may return to our efforts on progressing the Company forward operationally and developmentally."
Eco-Trade is confident that it has the rights to significant deposits, a viable business plan combined with a competent new management team which will help prioritize the final stages towards beginning the project, and is looking forward to the completion of the engineering report to prove up the reserves to which it has rights.
We urge our shareholders and the investing public to insure that any press release they see or read of is published either directly by, or through the express approval of our company alone. The new management of the Company is professionally and energetically directing its best efforts to protect the interest of our shareholders, which we have always understood to be the greatest value and asset of our Company.
The information in this release includes forward-looking statements. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this release. You should carefully review the information disclosed within the section entitled "Risk Factors" contained in the Company's Report on Form 10Q filed on November 13 2012, as well as the information contained in this release, and amended risk factors to investment that may be found at http://www.ecotradecorporation.com/contact/safe_harbor.html when assessing the Company and its business. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms, such as prospective resource or Original Oil in Place (OOIP) or Petroleum Initially In Place (PIIP), or Estimated Reserve Potential (ERP), Estimated Ultimate Recovery (EUR) that the SEC's guidelines strictly prohibit us from including in filings with the SEC. Additional information may be found at the following web site: http://www.sec.gov/divisions/corpfin/guidance/cfoilgasinterps.htm.
David Price, 855-645-9378
KEYWORDS: United States North America Montana