SOURCE: Foy-Johnston Inc.

March 16, 2010 15:18 ET

Foy-Johnston Further Shareholder Update

DOVER, DE--(Marketwire - March 16, 2010) -  Foy-Johnston Inc. (PINKSHEETS: FOYJ), as a follow up to the press release disseminated earlier today, the Company has subsequently uncovered an additional 10,000,000 shares of the Company's stock that was incorrectly and unsuccessfully deposited possibly being used in the previously announced short position in the market and has been confiscated in the process.

The company has informed the brokerage firm involved and if any of the stock had been sold they will be responsible to ensure they are able to deliver the sold stock to the new shareholders.

"The Company is committed to delivering long term shareholder value and maximizing on its current business opportunity," commented Winay Sangsomborn, president.

About Foy-Johnston Inc.

Foy-Johnston is a venture capital firm that specializes in discovering and exploiting new technologies that have enormous commercial application and explosive revenue potential. The Liquid Gold International enhanced oil recovery system presents those very qualities that Foy-Johnston's management team has identified to meet those criteria. Our website is www.foyj.us

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.

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