SOURCE: PetroSun, Inc.

May 11, 2007 11:44 ET

PetroSun Issues Corporate Updates

PHOENIX, AZ -- (MARKET WIRE) -- May 11, 2007 -- PetroSun, Incorporated (PINKSHEETS: PSUD) announced today the following corporate updates.

Financial Statements and 15c2-11

The Company will be posting an updated 15c2-11 Information Statement and financial reports during the month of May. These documents may be reviewed on Pink Sheets and the Company website at

Spam Warning

The Company has posted a spam warning and offered a reward for the information that leads to the arrest and conviction of the responsible party or parties in the spam operation that has targeted the Company.

PetroSun encourages the public to thoroughly research an entity prior to making a financial commitment. Never rely upon unsolicited email or phone calls to enter into the investment decision process.

About PetroSun

PetroSun's current oil and gas operations are concentrated in the Ark-La-Tex region with plans to expand into New Mexico, Arizona and Australia in 2007. Algae BioFuels, a wholly owned subsidiary of PetroSun, is an emerging producer of biodiesel derived from the cultivation of algae. The Company's cutting edge technologies, combined with a proven ability to apply them effectively and safely within a disciplined framework, create long term value for PetroSun shareholders and partners. PetroSun is headquartered in Phoenix, Arizona with field offices in Shreveport, Louisiana and Opelika, Alabama. For more information about PetroSun visit the company's website at

Except historical matter contained herein, matters discussed in this news release are forward-looking statements and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward-looking statements.

Contact Information

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    PetroSun, Inc.
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