SOURCE: Americas Energy Company

October 29, 2009 06:00 ET

Trend Technology and Americas Energy Company Sell Production of First Oil Well

KNOXVILLE, TN--(Marketwire - October 29, 2009) - Trend Technology Corporation (OTCBB: TRET) and Americas Energy Company (AECo) announced today that AEC has sold the initial production from its first oil well. AECo is in the process of being acquired by TRET. The well is located in Cumberland County, Kentucky on AECo's 1,700+ acre lease. After a detailed evaluation the well was placed on a timed pumping program to extend the production life of the well and is currently producing 15-20 barrels per day.

"The sale of the production from our first oil well to Somerset Energy Refining in Somerset, Kentucky has set the stage for our oil division. We have entrusted the development of that division to Mr. Jimmy A. Dunn Jr., as our Vice President of Oil and Gas," said Chris Headrick, President and Co-CEO of Americas Energy Company. Mr. Headrick added, "Based on the success of the first well, Mr. Dunn and AECo have established an aggressive development plan to initiate production on our oil and natural gas leases. We plan to rapidly exploit our development rights to the 1,700+ acres surrounding this well, and develop as many as 95 additional oil wells over the next 24 to 36 months."

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, the future market price of Trend Technology Corporation 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

    Somerset Energy Refining
    600 Monticello Street
    Somerset, KY 42501
    Phone: (606) 679-6301
    Toll Free: (800) 489-6301
    Fax: (606)677-2170