SOURCE: Centire International, Inc.

May 12, 2008 12:10 ET

Jericho Energy Company, Inc. Announces Completion of Merger

TAMPA, FL--(Marketwire - May 12, 2008) - Jericho Energy Company, formerly known as Pine Springs Energy, announces completion of its Merger with Centire International, Inc, a Nevada publicly traded corporation (PINKSHEETS: CNRN). The company has completed its Florida State Redomiciliation Filings, which were approved on April 17th, 2008. Jericho commenced its domestic petroleum and natural gas exploration and operations activities primarily in the State of Utah, in the third quarter of 2006, engaging outside strategic partners with decades long experience. Centire's management had begun exploration into the domestic U.S. energy industry early in 2007, and after reviewing the progress Jericho had been making, decided that the merger was a positive fit and direction for its shareholders. The company is now in the process of applying for a new CUSIP number and symbol.

"We are actively beginning our information and education dissemination campaign for release in the coming weeks that will offer specifics on the company's strategy to tap into the vast petroleum and natural gas reserves located in the central Utah hingeplay," states Jericho's Chief Operating Officer and President, Russell Hilbourn. He adds, "Domestic energy production is the most salient issue facing the nation today, and we plan to play our part in increasing domestic production and thereby help alleviate some of the petroleum import burden."

About Us Statement: Jericho Energy Company, Inc. is domestic petroleum and natural gas exploration and drilling company focused on increasing domestic energy production in the face of growing US and international demand. The company has contracted with strategic partners in the geological and petroleum industries to assist with the planning and strategic exploration, drilling and production of petroleum and natural gas in central Utah. The company also plans to expand by purchasing additional mineral land rights in the region for future drilling or royalty based joint ventures with third parties.

Safe Harbor Statement:

This news release contains forward looking statements made by Jericho Energy Company, Inc. in reliance upon Safe harbor provisions of section 27a of the Securities Act of 1933 and Section 21 E of the Securities Exchange Act of 1934. All such statements contained in this press release, other than statements of historical fact, are forward looking statements. Although management believes that the expectations reflected in all such forward looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.

Actual results may differ materially from those indicated by these statements. The following risk factors, among others, may cause actual results to materially differ from those described in the forward looking statements. These risks and uncertainties, include, but are not limited to, economic downturn conditions, new regulations, changes in the law, demand for products and services of the company, competition and other factors that could cause actual results to materially differ from the expectations contained in these statements.

Contact Information

  • Contact information:
    Eric David & Sons Inc.
    Investor Relations/Public Relations
    attn Steve Weiss

    Jericho Energy Company, Inc.
    Email Contact