SOURCE: Caddo International, Inc.

April 24, 2008 10:30 ET

All Cash Buyout Offer of $1.25 per Share for All of Caddo International, Inc. From European Group

OIL CITY, LA--(Marketwire - April 24, 2008) - Caddo International, Inc. (PINKSHEETS: CADD) management today announced they have received an offer from a European investment group to buy out all of the outstanding and issued shares of Caddo International, Inc. for an all cash offer of $1.25 per share. Upon completion of the proposed buyout new management will be merging in its interests in certain other oil and gas interests it carries, and merge Caddo into the new company with shareholders of record date receiving 1 share for every 5 shares of the new merged entity as additional compensation. The offer is contingent on Caddo International, Inc. providing title to its interests in certain oil and gas leases in the Caddo Pine Island area of Louisiana and completion of further due diligence.

President Mario Lanza stated, "This buyout offer is being considered favorably by management but the final decision will be up to the majority vote of the shareholders and will be put to a shareholder proxy vote."

About Caddo International, Inc.:

Caddo International, Inc., is a provider of products and services to the oil and gas industry. The Company provides and integrates products and services through exploration, development, production, operation and maintenance in the West Louisiana and East Texas regions.

Forward-Looking Statements -- Safe Harbor:

The statement in this press release regarding any implied or perceived benefits from existing oil and gas field properties, actual reserves and revenues to be derived from the reserves, plans to drill additional oil and gas wells, anticipated revenues, the acquisition of additional oil or gas leases, maintaining mineral lease rights, and any other effects resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, and any other difficulties related to producing minerals such as oil or gas, continued maintenance of the oil field and properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth.

Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Contact Information

  • For further information regarding Caddo International, Inc. Contact:

    Mario Lanza
    Caddo International Inc.
    P.O. Box 608
    Oil City, La. 71061
    Tel: 318-995-0404