ICTY .0004-Announces Acquisition11/12 12:44
EyeCity.Com, Inc. Today Announces Acquisition of Oil Producing Wells in Cobb County, Texas 11/12 12:44 PM
LAKE MARY, Fla., Nov. 12, 2012 /PRNewswire/ -- EyeCity.com, Inc. (ICTY:$0.0003,$-0.0001,-25.00%) today announces the acquisition of 3 oil wells in Cobb County Texas with an option to acquire 6 additional wells.
Bradley Wilson, CEO states, "It is with great enthusiasm and excitement that I can report to our shareholders, that EyeCity.Com, Inc. (ICTY:$0.0003,$-0.0001,-25.00%) is now a Natural Resource Company with its primary focus on Energy and Mining Sectors, more specifically oil and gas and mining of precious metal mineral deposits. Our decision to expand operations from mining to include oil and gas was driven by opportunities presented to ICTY and the consistent recurring revenue stream created from oil wells. Consistent monthly cash flow will allow us to build ICTY and attract key management necessary for long term success."
The acquisition of 3 oil wells in Cobb County, Texas with an option on another 6 wells is the first in a series of transactions that the company has been exploring. These wells are currently under producing to their ultimate potential, and the immediate focus is to conduct a work over and stimulation program to increase oil production. Initial production is conservatively projected at 3-4 BBL/day per well with an expected increase to 5-6 BBL\day per well.
The company is presently developing a new Website www.EyeCityResourcegroup.com which will provide more detailed information on the properties, Management, Vision of the company.
Over the course of the next 2 weeks ICTY will be Releasing details of the Acquisitions as well as management and Board Member additions. This will include updates on the planned completion of our African mining initiatives.
"I would like to acknowledge our deep appreciation for the patience and confidence that our valued shareholders have endured, and looking forward to the benefit from immediate acquisitions as well as the road to a bright and exciting future," CEO Wilson added.
About Eyecity.com Inc. (ICTY:$0.0003,$-0.0001,-25.00%)
Eyecity.com, Inc. (ICTY:$0.0003,$-0.0001,-25.00%) is currently transitioning its business model towards a focus on natural resources. The primary focus in this sector is targeted towards oil and gas and the exploration and mining of precious metal mineral deposits.
For further Information and inquiries:
eyecityresourcegroup@gmail.com
FORWARD LOOKING STATEMENTS
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws.
SOURCE EyeCity.com, Inc. (ICTY:$0.0003,$-0.0001,-25.00%)
Get more news on:SYMBOLS: ICTYNEWS TYPE: Corporate Events, Corporate Events: Mergers and Acquisitions, Top News, Top Stories: InvestingSECTORS: Energy, Oil, Gas and Consumable Fuels, Financials, Capital Markets, Utilities
ICTY .0004-Announces Acquisition11/12 12:44 EyeCity.Com,
Top 10 Most Recent News Articles
Top 5 Most Recently Viewed Articles
Concerns Rise Over Trump's Cryptocurrency Reserve Strategy
Concerns About Cryptocurrency Announcements Prominent economist and market commentator Peter Schiff has urged a Congressional investigation into President Donald Trump's recent foray into cryptocurrency, suggesting that these announcements may involve insider trading and market manipulation. The Key Questions Raised In a recent post on X, Schiff sought answers to several...
Continue Reading
BriaCell Joins Prestigious Program to Boost Cancer Treatments
BriaCell Enters MSK’s 2025 Therapeutics Accelerator Program BriaCell Therapeutics Corp. (Nasdaq: BCTX, BCTXW, BCTXZ, TSX: BCT) is thrilled to share the news of its selection into the Memorial Sloan Kettering Cancer Center (MSK) Therapeutics Accelerator Program for 2025. This prestigious program is designed to fast-track the clinical development of many innovative cancer...
Continue Reading
Exploring Current Net Asset Values of WisdomTree Funds
Understanding Net Asset Value (NAV) in Investment Funds Net Asset Value (NAV) is a crucial metric for evaluating the performance of investment funds, representing the value of a fund's assets minus its liabilities. It's important for investors to keep track of NAV as it aids in making informed decisions regarding their investments. Here, we delve into the recent NAVs of...
Continue Reading
DoorDash's Innovative Tools Transforming Restaurant Dynamics
Introduction to DoorDash's Expansion DoorDash (NASDAQ: DASH) has recently unveiled exciting developments regarding its Commerce Platform. This significant enhancement is set to assist restaurants in boosting direct sales while fostering better customer relationships across multiple channels. New Features for Restaurant Success The introduced tools are designed to uplift...
Continue Reading
Mezzion's Udenafil Shows Promise in ADPKD Study
Positive News for Udenafil in Kidney Disease New updates from Mezzion Pharma Co., Ltd. have come across quite promising. They've reported some favorable results in a preclinical study of udenafil, targeting autosomal dominant polycystic kidney disease (ADPKD). It appears that this PDE5 inhibitor, typically used in aiding cardiovascular issues, now shows potential in...
Continue Reading