SOURCE: Americas Energy Company

February 08, 2010 09:46 ET

Americas Energy Company Completes Acquisition of Evans Coal Corporation

KNOXVILLE, TN--(Marketwire - February 8, 2010) - Americas Energy Company - AECo (OTCBB: AENY) announced the closing of the acquisition of Evans Coal Corporation. Evans Coal Corporation is a 36-year-old mining company based in Flat Lick, Kentucky. Evans Coal Corporation's assets contain high quality coal reserves in Southeastern, Kentucky. According to a 2009 report by Michael Gambrel, a Kentucky Professional Engineer, the Evans Coal Corporation controls coal reserves in excess of 348 million tons, translating into recoverable reserves of 211 Million tons of recoverable coal or 13+ Billion Dollars at current market prices.

"We plan to continue the operations of Evans Coal Corporation as a wholly owned subsidiary of Americas Energy Company. The purchase includes the Highway 92 project and the Artemus project as well as a substantial coal reserve property in Breathitt County, Kentucky," said Chris Headrick, President and CEO of AENY. Mr. Headrick added, "We have acquired permits from Evans Coal Corporation that will allow us to, as contracts are placed, increase our monthly coal production to approximately 100,000 tons per month in an effort to meet the needs of specialty coal buyers around the world."

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. AENY 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: This press release contains certain "forward-looking statements" as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties that may arise, the failure to obtain necessary approvals, the future market price of AENY common stock and the ability to obtain the necessary financing. Such factors are detailed from time to time in AENY's filings with the United States Securities and Exchange Commission and other regulatory authorities.

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