TULSA, Okla., April 9, 2007 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Pink Sheets:WRNW), a rapidly growing diversified oil and gas regional operator specializing in oil and gas exploration, enhanced recovery methods of abandoned and low-production oil properties, oil field services and petrochemical distribution, today announced the completion of approximately one million dollars in funding since February 2007. The monies raised will be used to target and acquire additional oil field leases and energy services companies.
"WRNW has obtained adequate funding for the foreseeable future," stated CEO David Rees. "WRNW is now in a position to continue its organic and acquisition-led growth, along with positioning WRNW as a key player in northeast Oklahoma's oil and gas market."
"More specifically, WRNW is pleased to welcome Parker Anderson Investment, LLC as a major corporate investor. We will be working with Parker Anderson on several strategic initiatives that also involve property working interests," stated Rees.
About Well Renewal, Inc.
Well Renewal, Inc., headquartered in Tulsa, Oklahoma, is principally engaged in oil and gas exploration as well as enhancement and recovery of abandoned and low production oil properties, oil field services and petrochemical distribution.
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.