SOURCE: Americas Energy Company

January 21, 2010 09:00 ET

Americas Energy Company Completes Merger

KNOXVILLE, TN--(Marketwire - January 21, 2010) - Effective today, Americas Energy Company (OTCBB: AENY) is pleased to announce the merger between it and Americas Energy Company, Inc. ("AECo") based out of Knoxville, Tennessee is completed. The two companies have been working very close together over the last several months wrapping up due diligence and disclosure requirements. The surviving entity, AENY, will continue to be quoted on the OTC Bulletin Board under its current symbol: "AENY."

"I am extremely pleased and excited for all the shareholders. The completion of the merger allows us to move forward with our business plan and to exploit all of our assets to their maximum potential," stated Mr. Headrick, President and CEO of AECo. Mr. Headrick added, "We greatly appreciate both the confidence and patience afforded us by our investors and shareholders in what has been a very demanding experience. However, now that it is completed, I look forward to focusing not only on our current operations, but beginning operations on our Artemus surface and deep mine permits in Knox County, Kentucky. These permits include the highly desirable Kentucky Blue Gem seam of coal. We will also be opening two deep mines on our Upland Church Property in the Kelliokae and Darby coal seams, both are mid to high volatile metallurgical grade coal."


Pursuant the Definitive Agreement AENY has acquired one hundred percent (100%) of AECo's outstanding stock and assets in exchange for thirty-three million shares of AENY common stock and two million dollars ($2,000,000). An additional two million, six hundred and fifty thousand dollars ($2,650,000) has been delivered for the acquisition of Evans Coal Company, with the balance of four million, three hundred and fifty thousand dollars ($4,350,000) to be delivered post closing, which will result in a total financing of nine million dollars ($9,000,000).

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 develops and exploits energy projects throughout the Americas. We are currently evaluating several additional coal projects, as well as oil and gas rework projects 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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