SOURCE: International Energy Ltd, Inc.

March 17, 2010 08:40 ET

International Energy Ltd, Inc. (OTC: ILGL) Announces Its Official Corporate Name Change to Standard Oil Company USA, Inc.

TAMPA, FL--(Marketwire - March 17, 2010) - INTERNATIONAL ENERGY LTD, INC. (PINKSHEETS: ILGL) is proud to announce that it has filed its official corporate name change with the Florida Secretary of State, Division of Corporations to STANDARD OIL COMPANY USA, INC., with corporate offices located at 5430 Linden B. Johnson, Suite 1200, Dallas, TX 75240. The next step will be filing these same changes with FINRA and the SEC once the Florida Secretary of State officially registers this corporate name change. This entire process should take 2 to 3 weeks to complete.

Mr. Jim McCormick, Standard Oil Company USA's Director and CEO, is quoted as saying, "We are excited to be quickly moving forward with all corporate changes and business plan execution directly resulting from the previously announced merger. With each step forward, we begin to realize the goals of our business plan and the growth of shareholder value."

About Standard Oil Company USA, Inc.

Standard Oil Company USA (PINKSHEETS: ILGL) is a leading independent energy company headquartered in Dallas, Texas and focused on oil and gas drilling, lease development and trading. International Energy Ltd, Inc., through its global network of buyers and sellers, along with its staff of seasoned oil, gas, refined fuels, trading professionals, drilling crews, engineers, attorneys and CPAs, will help facilitate the ease of transaction between buyers and sellers of actual, tangible oil and gas leases refined fuels allocations. Together with this, Standard Oil Company USA continues to search to acquire new oil and gas lease properties for exploration and future development both domestically here in the USA as well as internationally.

For more information visit our website at: www.standardoilcompanyusa.com.

The company is already working on drilling projects domestically and soon will begin internationally.

Forward-Looking Statements

This news release contains forward-looking statements made by STANDARD OIL COMPANY USA, INC. / INTERNATIONAL ENERGY LTD, INC. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.

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