SOURCE: Falcon Crest Energy

Falcon Crest Energy

August 21, 2014 08:30 ET

Panther Energy Changes Name to Falcon Crest Energy

FT. WORTH, TX--(Marketwired - Aug 21, 2014) - Panther Energy (OTC: PNEG) (the "Company"), a development stage oil and gas exploration and production company, reports that it has changed its corporate name to Falcon Crest Energy following objection from another industry participant regarding the previously announced use of the name "Panther Energy."

"Rather than lose focus on our ambitions of growing a profitable E&P company, we have decided at this time not to engage in any dispute(s) and rebrand ourselves with a fresh name, Falcon Crest Energy," stated Company Chief Executive Officer Patrick Johnson.

This obstacle demonstrates the Company's ability to quickly react and maintain a strong dedication to its corporate objectives as it prepares to unveil several announcements in the near future.

"While we had obtained the name legally from state of Nevada and had FINRA approval we don't want to engage in legal issues at this time. We have several pending transactions under review that we expect to announce between now and the end of the next quarter -- we remain committed to those activities," added Johnson. "We are thankful that in our early stages of building, our team and affiliates have the flexibility, as well as branding expertise to quickly change directions. The Panther Energy Inc. website will soon be taken down and prior e-mail addresses will be forwarded to our new Falcon Crest Energy email addresses," stated CEO Patrick Johnson.

New email addresses will be in the format of FirstInitialLastName@FalconCrestEnergy.com.

A new logo introducing the Falcon Crest Energy brand can be found attached to this press release.

A new ticker symbol that reinforces Falcon Crest Energy branding will be announced in due time.

About Falcon Crest Energy

Falcon Crest Energy, previously known as Innocent Inc., is a development stage oil and gas exploration and production company focused on developing properties in North America. Falcon Crest plans to minimize the risk of exploration through development of proved petroleum reserves, and expects to maximize profit through strategic acquisition and liquidation of selected oil and gas properties. Falcon Crest will focus on acquiring low risk, high upside properties coupled with substantial exploration potential. Through improvements in oil and gas production technologies, Falcon Crest seeks to rapidly increase production levels and generate predictable, sustainable value. Adhering to a narrow, clearly defined strategy, the company focused on 100% acquisitions and joint ventures to maximize our production capacity.

SAFE HARBOR

This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements. When used in this report, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: oil and gas prices, general economic or industry conditions, nationally and/or in the communities in which our company conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our access to capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting our company's operations, products, services and prices.

We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.

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