SOURCE: Centire International, Inc.

June 25, 2008 08:30 ET

JERICHO ENERGY COMPANY, INC. (OTC: CNRN) Updates Shareholders on Its Corporate History

TAMPA, FL--(Marketwire - June 25, 2008) - CENTIRE INTERNATIONAL, INC. (PINKSHEETS: CNRN), soon to be Jericho Energy Company, Inc., was originally formed in September of 2006 as a private Florida corporation. One of the founding principals, Russell Hilbourn resides in Littleton, Colorado, and has been involved in the energy industry for over 25 years. With petroleum hovering around the $40.00 dollar per bbl mark, the company began identifying and implementing its petroleum and natural gas business plan.

The company began by initiating research on prospective exploration targets in the Central Utah basin. The company expended its own funds to execute its first option contract effective February 1, 2007. The agreement covered properties in Wasatch and Duchesne Counties in central Utah. The geographic areas included Avintaquin, Mona, Levan Ridge and Furner Valley. It covered a total of 6,156 acres.

The company contracted third party geological and radiometric surveyors to take readings and generate reserve reports on the area. Upon completion of the studies, the company decided against executing the final lease agreement, after concluding that it was likely that gas and oil reserves existed, the project did not meet the company's viability criteria. The area did contain two capped wells to the Navajo level that had been drilled and capped several years earlier.

The company next researched the viability of executing an option agreement on the Pine Springs area of Central Utah which appeared to maintain attractive reserve studies. In the end, the agreement was not consummated but the company believes that drilling has commenced in the area.

In July of 2007, the company executed an option agreement covering over 15,000 acres of land approximately 50 miles Southwest of Salt Lake City. Thrust Resources had completed various radiometric studies on the area and concluded that it contained a high likelihood of both natural gas and petroleum reserves. The project covers private land and no federal units and is located near an area that was opened for drilling by the BLM.

In November of 2007, the company executed the definitive lease agreement with the mineral rights holders for 15,000 acres. The lease is a paid up 10 year lease with options with the owners retaining the standard industry 12.5% net royalties. Another 4.5% in overrides have been granted to various third party entities that were instrumental in completing the deal.

In January of 2008, the company commenced negotiations with a public company for a merger with Jericho becoming the surviving entity and remaining a Florida corporation. The company has named 4 members to its Board of Directors and is conducting a search for a Chief Executive Officer with extensive experience in the domestic US oil and gas field. The company has commenced work on new regulatory filings to include audited financial statements and an application to the OTCBB.

The company plans to commence drilling on the leased property within 60-90 days.

Forward-Looking Statements

This news release contains forward-looking statements made by JERICHO ENERGY COMPANY, 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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