Press Release (ePRNews.com) - ADDISON, Texas - Nov 18, 2019 - During the week of Nov. 11, 2019, Securities Transfer Corporation (STC) of Dallas was selected and agreements executed to serve as United Energy Corp.’s transfer agent. Following STC’s filing of the Notice of Assumption with DTC, United Energy Corp. will file a name and ticker symbol change with FINRA.
The company is nearing completion of a PCAOB audit and anticipates this will bring immediate value to its shareholders and transparency to the company’s current position in the marketplace.
“The acquisition of Rigworx has been a process. While diligent, we are always methodical and detail-oriented in the execution of these early movements to ensure the company is appropriately positioned to execute on our plans for 2020,” stated Sam Smith, CEO of United Energy Corp. “Given the election year, an industry that is illiquid and the movement within the industry away from shale and toward traditional production, management believes the oil & gas market opportunity over the next 12-18 months is substantial for the swift and well-orchestrated.”
About Rigworx, Inc.
Rigworx Inc. is a fully integrated, vertical E&P Company with holdings and operating authority in the midsouth. It is the intention of Rigworx Inc. to grow its lease and mineral holdings through improved production and additional acquisitions. Rigworx produces hydrocarbons from its existing inventory of holdings. The primary focus is oil and, in some cases, complemented by natural gas, condensate and other items. For more information, please visit www.rigworxinc.com.
Note to Investors
This press release is for informational purposes. This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements due to risks and uncertainties associated with our business. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.”
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