TORONTO, ONTARIO--(Marketwire - March 17, 2011) - GEO Finance Corporation (PINK SHEETS:GEFI) announces today that it is posting an interview with J.M. Arnold, it's C.E.O., and Position Media Group discussing the history of the company and the change in its business plan to focus on acquisition of producing oil and gas within the Continental U.S.A. The timing of this change comes when the public's desire for domestic oil is at its highest level and getting stronger by the day. Using proven existing technology to extract oil and gas out of existing wells should dramatically improve recovery of hydrocarbons in a relatively short period of time.
Shareholders will get an update on the following:
- Overview of Company history, management team and share structure
- Plans for an aggressive acquisition program this year
- Technology utilized and capital required to extract the oil and gas
- Plans to move to the bulletin board in the immediate future
CEO J.M. Arnold states, "We think it is very important to the shareholders that we begin producing more oil here in North America. Reliance on politically unstable parts of the world for our oil is a fool's game. We have oil here, we have enhanced proven recovery techniques and we believe that in using conventional wisdom that has been well proven by major companies we can enhance these wells and bring them back into profitable production."
The complete transcript of the interview is posted at: http://www.positionmediagroup.com and the audio and video will be posted shortly.
About Geo Finance Corporation: Geo Finance Corporation is a Florida entity established to develop and invest in energy related projects including waste to energy, geothermal collection fields, natural gas and petroleum production. The administrative office is based in Toronto, ON, Canada.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this document regarding the Transaction, the expected timetable for completing the Transaction, benefits and synergies of the Transaction, future opportunities for the company, expectations regarding the value and benefits of the Transaction and any other statements about Geo Finance Corporation's managements' future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," estimates and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to: the ability of the parties to consummate the Transaction and satisfy the conditions thereunder; the ability to obtain, the impact of any actions taken by any other party to complicate, delay or prevent the transaction and the ability to produce commercially viable quantities of gas on oil from the Medlin Field. Except as required by applicable law, Geo Finance Corporation disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.
For more information, please contactGeo Finance Corporation
John M. Arnold
416 669 2416
GEFI Investor Relations provided by:
Position Media Group