SOURCE: Palisades Petroleum

December 29, 2010 08:00 ET

Palisades Petroleum (PAPT.PK) Announces Publication of Current Financial Information and Upgrade in Reporting Status

ANN ARBOR, MI--(Marketwire - December 29, 2010) - Palisades Petroleum Corporation (PINKSHEETS: PAPT) President and CEO, Brad Hayosh, states the following: "We are pleased to announce that Palisades Petroleum has taken the first important step in achieving Current Information Status on the OTC Markets (formerly Pinksheets) website by posting its Initial Disclosure Document and Current Financial Information. 

"We have been told by OTC Markets that our Market Tier will be upgraded by the opening of today's market and appreciate the patience of all our stockholders in getting to this milestone.

"It is our intention to continue to strive for full transparency in order to increase market awareness of our Company and to bring liquidity which will further enhance our overall market value."

Palisades Petroleum Corporation is traded on the Pinksheets under the symbol PAPT.

Contact Information

  • Contact:

    Bradley J. Hayosh
    President
    Palisades Petroleum
    Email Contact
    734.369.2100 x 503 voice