SOURCE: Americas Energy Company

January 19, 2010 09:00 ET

Americas Energy Company: A.Y. Evans Joins the AECo Executive Team

KNOXVILLE, TN--(Marketwire - January 19, 2010) - Americas Energy Company (OTCBB: AENY), a publicly traded company currently based out of British Columbia, and Americas Energy Company, Inc. "AECo," based out of Knoxville, Tennessee, announced today that A.Y. Evans has joined their executive team in anticipation of AECo's acquisition of Evans Coal Corporation. The acquisition financing was announced earlier as part of the Definitive Agreement between the two companies entered into on August 26, 2009, whereby AENY will acquire AECo. The two companies have expanded their financing arrangement to include an additional $8,000,000 to complete the acquisition of other properties including the Evans Coal Company, as announced by AECo on November 24, 2009.

"A.Y. Evans joining our executive team will allow us to better integrate his family's company into ours. A.Y.'s experience and family ties to Southeast Kentucky are paramount to a smooth transition of the permits and extensive acreage we are acquiring," said Chris Headrick, President and Co-CEO of Americas Energy Company. Mr. Headrick added, "A.Y. and the Evans Coal Corp. have been assembling these properties for more than 15 years, the Permits we are acquiring include acreage that A.Y. has grown up on and is intimately familiar with. There simply is no substitute for local knowledge and lifelong experience. We are honored to count him as part of our executive team."

A.Y. Evans stated, "I am pleased to be a part of AECo and its future. This is a natural extension for myself and Evans Coal Company."

About Americas Energy Company

We are a consolidator of high quality energy properties, operating out of our main offices in Knoxville, TN. We currently operate projects in both Kentucky and Tennessee. AECo invests in energy projects throughout the Americas. We are currently evaluating several additional coal projects, as well as an oil and gas rework project in Southeastern Kentucky.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the failure to complete the business combination between AECo - Tennessee and AENY - British Columbia, the future market price of AENY common stock and the ability to obtain the necessary financing.

Contact Information

  • Company Headquarters
    Contact:
    Christopher Headrick
    249 N. Peters Rd.
    Suite 300
    Knoxville, TN 37923
    Phone: (865) 238-0668 x 105
    Web Site: www.americasenergycompany.com
    Email: Email Contact

    Evans Coal Corporation
    Contact:
    A.Y. Evans
    10853 Old US Highway 68
    Flat Lick, KY 40935-6197
    (606) 542-0825