Eurotex Finanz Inc.

February 22, 2011 19:51 ET

Eurotex Finanz Inc. (KFE.F) Announces Share Exchange with Northwest Oil & Gas Trading Company, Inc. (ANN.F)

TORTOLA, BRITISH VIRGIN ISLANDS--(Marketwire - Feb. 22, 2011) - Eurotex Finanz Inc. (FRANKFURT:KFE), a financial services company - ticker: KFE, is pleased to announce that it has entered into a share exchange agreement on February 19, 2011 with North West Oil & Gas Trading ("NWOil") ANN.F

The agreement was approved by the Board of Directors of both NWOil and Eurotex Finanz Inc. on February 21, 2011. The agreement declared there to be an exchange of shares between NWOil and Eurotex Finanz Inc. The exchange rate shall be 300,000 shares of NWOil stock in return for 600,000 shares of Eurotex Finanz Inc. BVI.

NWOil also passed a resolution to pay a dividend in the form of Eurotex Finanz, Inc. shares to the individual NWOil registered Stockholders, effectively increasing Eurotex's shareholder base. To qualify for this dividend, a stockholder must own a minimum of 100 shares of NW Oil stock.

About Eurotex:

Eurotex Finanz Inc. is an international financial services business with a focus on mergers and acquisitions and the management of various businesses. Assets, clients, and investments of Eurotex Finanz Inc. include multi-family real-estate projects, oil and gas ventures, restaurant franchises and corporations seeking to list on a public exchange. 

About NWOil

The North West Oil & Gas Trading Company, Inc. is an emerging entity in the U.S. based oil and gas industry. Core businesses of the company are the reactivation of already existing, untapped oil and gas fields, expand with modern production facilities and infrastructure. NWoil specifically avoids speculative and risky drilling on undeveloped areas or offshore.

Various projects include the "Wheeler" field is an area encompassing approximately 1.3 million square meters, which the Alabama State Oil and Gas Board in North West 2 - Benton "is run. It is part of the so-called "Hells Creek Field in Alabama, USA. NWO has 100 percent of the rights (working interest).

In addition, NWoil also has the Lewis Sand Gas Pool "zone to a depth of 3,800 feet, which equates to about 1,200 meters, it was the NWO, to establish a stable gas producing property. Production at full power about 1,000 MCF per day, or about $1,270,000.00 annual revenue from this source.

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