SOURCE: Foy-Johnston Inc.

March 15, 2010 07:08 ET

Foy-Johnston Redirects Corporate Focus to Capitalize on Enhanced Oil Recovery

DOVER, DE--(Marketwire - March 15, 2010) - Foy-Johnston Inc. (PINKSHEETS: FOYJ), through its wholly owned subsidiary Liquid Gold International utilizing the enhanced oil recovery technology sees enormous opportunities. Below is a brief summary of this opportunity:

The Liquid Gold Opportunity:

Abandoned wells in the U.S. are estimated to hold 377 Billion Barrels -- more than double the cumulative production to date.

It is estimated that 2/3 of oil contained in the U.S. reservoirs is left behind because it was too difficult or too expensive to extract.

Stripper wells (average production of 2 barrels per day) amount to 28 - 30% of U.S. production and 4 - 5% of consumption.

Heavy oil has more than double the reserves of conventional oil.

The dependence on heavy oil production is bound to increase.

The State of California alone contains approximately 80 billion barrels of original oil in place that could be tapped with a successful thermal recovery method.

A big motivating factor for U.S. recovery is the need for the U.S. to lessen its dependence of foreign oil, hence there is a focus on secondary and enhanced oil recovery technology to extract oil from mature onshore U.S. fields.

"This opportunity has the potential to exceed everyone's expectations and we feel goes beyond anything out there in the marketplace that could provide such exceptional returns to our shareholders," stated Winay Sangsomborn, President of Foy-Johnston Inc.

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

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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