SOURCE: Petrol Industries, Inc.

September 25, 2007 14:09 ET

Petrol Industries, Inc. Changes Name to Caddo International, Inc.

OIL CITY, LA--(Marketwire - September 25, 2007) - Petrol Industries, Inc. (PINKSHEETS: PTLD) announced today that the name of the corporation is changed with immediate effect to Caddo International, Inc. This change is in line with the recent acquisition of Angel Construction, and the future development plans of the company including licensing of new technology.

Mr. Mario Lanza, President of the company, said, "The name change was made to better reflect our overall business model. We appreciate the patience that our shareholders, clients and suppliers have demonstrated toward us while we have worked diligently with all of the regulatory bodies in the arduous task of restructuring the Company. We are now in a position to focus on our core businesses and to manage the future growth of the Company."

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 Louisiana and Texas regions.

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.

Forward-Looking Statements -- Safe Harbor:

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 Petrol Industries, Inc. Contact:
    George Macleod
    Petrol Industries, Inc.
    P.O. Box 608
    Oil City, La. 71061
    Tel: 318-995-7225