SOURCE: Black Dragon Resource Companies, Inc.

November 28, 2007 12:09 ET

New Management of Black Dragon Sets the Record Straight

DALLAS, TX--(Marketwire - November 28, 2007) - Black Dragon Resource Companies, Inc. (PINKSHEETS: BDGR) today responds to the previous news release by some of the previously ousted directors.

The directors installed by the shareholders on November 8, 2007, Robert McGuire, Peter Lau, and Louis Chighisola, Jr. are the only directors, as confirmed by the State of Delaware and listed on

The Board of Directors are working closely with and adhering to the advice of the highly respected law firm of Artabane and Belden, Washington, DC. The Directors share the frustration of the company's shareholders and have initiated a plan that in their opinion should regain a company capable to take advantage of this very encouraging oil and gas market.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which express the current beliefs and expectations of management. Such statements are based on current expectations and involve a number of known and unknown risks and uncertainties that could cause Black Dragon's future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include: the status and timing of Management's ability to re-capitalize Black Dragon through a combination of additional debt and primarily equity financing and to successfully complete the remaining research and development of its oil and gas properties, as well as other factors that are discussed in Black Dragon's filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made, and Black Dragon undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Contact Information

  • Contact:
    Black Dragon Resource Companies, Inc.
    (508) 313-9493