IRVINE, Calif., Feb. 11, 2008 (PRIME NEWSWIRE) -- "With gold at historic highs, one needs but a few moments to troll a gold show floor or an Internet resource site to see a litany of companies who stuck a stake in the ground and declared, 'We're a gold company.' The truth is very few of them will survive over the long term and ascend to the heights of a senior exchange and prosperity," stated SmallCap Sentinel analyst D.R. Clark. "Nonetheless, via a shareholder letter today, Spirit Exploration, Inc. (Pink Sheets:SPXP) announced that they will indeed seek a senior exchange in the very near future. A senior listing, paired with the company's $122 million market cap, certainly creates some separation between Spirit's gold efforts in Ecuador and the spot-price chasers."
A comprehensive report focusing on Spirit Exploration, Inc. and of interest to investors of leading gold companies including Compania de Minas Buenaventura SA (NYSE:BVN), Randgold Resources Ltd. (Nasdaq:GOLD), and Vista Gold Corp. (NYSE:VGZ) has been published by financial courier StockUpTicks.com.
"Excerpts of the shareholder letter were released this morning in a press release," Clark added. "It really does give some strong guidance about the political conditions in Ecuador, Spirit's financial stability and what the near-term may hold for this emerging gold equity."
To view the report in its entirety, please visit: http://stockupticks.com/profiles/2-11-08.html
About Spirit Exploration
Spirit Exploration, Inc. (an exploration stage company), through its 99% owned subsidiary ECUADORGOLDCORP, S.A., is a natural resource exploration company with an objective of acquiring, exploring and if warranted and feasible, developing natural resource properties. Activities during the exploration stage include developing the business plan, raising capital, and acquiring properties in Ecuador which have mining concessions granted by the Ecuadorian government.
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Statements herein contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SmallCap Sentinel/StockUpTicks.com are properties of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience.
All information contained herein is based upon sources believed to be reliable but no representation is made as to accuracy or completeness. This report is neither a solicitation to buy nor offer to sell securities but is rather a paid advertisement provided for information purposes only and shouldn't be used as basis for any investment decision. MP is not an investment advisor and this report isn't investment advice. MP has been paid $15,000 by Gross Marketing LLC on behalf of SPXP for preparation and distribution of this report and other advertising services over a ninety day period. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding the subject company.