SOURCE: TX Holdings, Inc.

October 11, 2007 11:59 ET

TX Holdings, Inc. Completes Final H-5 Test on Williams Leases

DALLAS, TX--(Marketwire - October 11, 2007) - TX Holdings, Inc. (OTCBB: TXHG) has completed the final H-5 pressure tests on the Williams lease well numbers 2 & 6. These tests were conducted in order to comply with Texas Railroad Commission (RRC) mechanical integrity regulations. According to RRC documents received by the Company, these are the final two wells that needed to be tested.

"Bringing the Williams and Parks leases into regulatory compliance is one of the many steps we have taken in order to begin producing these properties," commented Randol Rodgers, CEO of TX Holdings. "We are working with our consulting engineers on preparing a comprehensive plan of development for the field, and look forward to sharing more about this next phase of growth with our shareholders soon," concluded Mr. Rodgers.

About TX Holdings, Inc.

TX Holdings is a publicly traded oil and gas production company. The Company's strategy consists of acquiring and developing shallow, low-risk, high-yield oil and gas leases in West Texas, Kansas and Oklahoma. TX Holdings currently has a working interest in over 100 wells divided between five active projects. For further information, please visit the Company's website at www.txholdings.com.

FORWARD-LOOKING STATEMENTS: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof.

Contact Information

  • Contacts:
    Mercantile Ascendency
    Investor Relations
    214-461-3500

    TX Holdings, Inc.
    Drew Patzert
    Shareholder Relations
    Phone: 586-431-4407
    www.txholdings.com