SOURCE: Monogram Energy, Inc.

July 17, 2007 07:30 ET

Market Advisors, Inc. Issues an Intermediate Price Target of $0.58 for Monogram Energy, Inc.

RICHMOND, TX--(Marketwire - July 17, 2007) - Monogram Energy, Inc. (PINKSHEETS: MGRA), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced today that Market Advisors, Inc. has issued a research report establishing an intermediate-term price target of $0.58 for the Company's shares. The report cites the growing worldwide demand for oil, and Monogram Energy's stated goal of maintaining a high risk / reward profile on the properties it acquires. Market Advisors, Inc. was paid a fee of $3,000 from Alex Consulting, Inc. for their report. Alex Consulting, Inc. is not related to or affiliated with the Company. The research report issued by Market Advisors, Inc. was prepared without the Company's participation.

About Market Advisors, Inc.:

Market Advisors, Inc. was founded in 1985 and since that time has enjoyed numerous ratings success by independent market raters. Headed by Jeff Helleberg and Doug Wetzel, Market Advisors provides research and independent analysis on individual stocks as well as a mutual fund management service which is based upon their top-rated timing advice, and previously was a member of the Winners Circle™, an elite group of market analysts providing daily market comments and advice. Market Advisors, Inc. has also been ranked the #1 market timing service for the period (1985-1990) according to the Hulbert Financial Digest. Throughout our history the firm also served as an advisor to brokerage firms and investment bankers.

Jeff Helleberg has 23 years experience in the financial services industry. Jeff is a graduate of the University of Nebraska - Lincoln with a B.S. degree in Business Administration. He was a registered investment adviser from 1983 to 1999. Jeff was co-editor of the Marketarian Letter, a nationally syndicated stock market newsletter, which had been consistently ranked as one of the top-performing investment newsletters in the nation. Prestigious publications such as the Hulbert Financial Digest, Barron's, The Wall Street Journal, Timer Digest and U.S. News & World Report are among those that have recognized The Marketarian Letter for its outstanding performance for more than 10 years. Jeff was the sole contributor and chief editor for The Marketarian Letter from 1989 thru 1995. Jeff has provided timely investment advice while helping investors achieve their stock and bond market investment goals. Since 1999, he has been involved in writing fact sheets and research reports for small-cap stocks and specializes in companies that have a market cap below $100 million and that trade below $5 per share. These types of companies are usually under-followed and fairly new to the investment scene.

About Monogram Energy, Inc.:

Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The Company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production. Our goal is to maintain a high risk/reward profile, thereby enabling us to return the most value to our shareholders.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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