PSRU – PURE SPECTRUM Inc.
PSRU -What They Do
OTC Ventures, a company specializing in asset acquisition and joint venture partnerships,
has acquired controlling interest in PSRU, and will be immediately launching business
initiatives in the Oil and Gas sector.
The company’s new CEO, Cedric Atkinson, has extensive experience in business development
with a proven history of success. He is actively involved in the Resources sector with current
operations in Metals Mining as well as Oil and Gas.
Atkinson is currently performing due diligence on an Oil drilling platform in the state of Texas
for an acquisition that looks to garner attractive revenues in 2012. This step is part of a
strategically aggressive plan to create growth and overall value for PSRU and its shareholders
in the near term.
The company will be releasing additional news in the coming days with details on current negotiations as well as prospective partnerships and asset acquisitions.
TORONTO, Jan 18, 2012 (BUSINESS WIRE) —
PureSpectrum, Inc. (PSRU – OTC Pink) announces today that it has signed a Joint Venture with Paradigm Oil & Gas, Inc. (OTCQB: PDGO) for a 30 well re-entry drilling program in Navarro County, Texas. As previously announced, the 30 wells are a workover of previously drilled, producing wells This initiative marks Phase 1 of a larger, long-term initiative the two companies have agreed on as part of the overall terms. As well, the drilling program is already set up with the necessary infrastructure and equipment for immediate production and Paradigm will act as well operator per the JV. Phase 1 is expected to produce revenues for PSRU in the first quarter of 2012.
- PureSpectrum, Inc. Signs Joint Venture for Oil & Gas Drilling in Texas; Partners with Paradigm Oil and Gas for Revenues in Q1 2012 Business Wire (Wed, Jan 18)
Wednesday, January 18, 2012
- PureSpectrum, Inc. Signs Joint Venture for Oil & Gas Drilling in Texas; Partners with Paradigm Oil and Gas for Revenues in Q1 2012Business Wire (Wed, Jan 18)
Wednesday, December 14, 2011
- PureSpectrum, Inc. Finalizing Terms for Oil & Gas Joint Venture in Texas; Partners with OTCBB Company for Revenues in Q1 2012Business Wire (Wed, Dec 14)
Monday, December 12, 2011
- PureSpectrum, Inc. Controlling Interest Acquired by OTC Ventures; Launches New Business Model Focused in Oil & GasBusiness Wire (Mon, Dec 12)
Monday, December 5, 2011
- PURESPECTRUM, INC. Files SEC form 8-K, Changes in Control or Registrant, Change in Directors or Principal OfficersEDGAR Online (Mon, Dec 5)
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Savannah, GA 31401
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