SOURCE: Pinnacle Group Unlimited Inc.

June 13, 2006 08:00 ET

PGPU Announces Preliminary Financial Information for April

LAS VEGAS, NV -- (MARKET WIRE) -- June 13, 2006 -- PGPU/Maverick Energy Group (PINKSHEETS: PGPU) is pleased to announce the results of its first month of operations since the acquisition of Maverick Energy Group's assets and liabilities. The gross revenue for April was $278,000 as compared to the gross revenue of the predecessor company (Maverick Energy Group) in April, 2005 of $225,000. This represents an increase of 23.5%. The net income for PGPU/Maverick Energy Group for April, 2006 was in excess of $30,000 as compared to April, 2005 net income of the predecessor company of $2,600.

"PGPU/Maverick is very pleased with April's operating results. With the profit from its interest in Z2, LLC, acquired in late April, and the drilling program revenues, gross and net income are expected to exceed those realized by the predecessor entity for the remainder of 2006," stated Jim McCabe, CEO of Maverick.

Based on these preliminary numbers PGPU/Maverick Energy Group is projecting gross revenue to exceed $750,000.00 in the second quarter and net income to exceed $100,000.00, with projected annualized revenues of $3,000,000.00 and annualized net income projected at $400,000.00 based on a $60 barrel of oil.

PGPU/Maverick Energy is the operator of the "Big Foot Field" in West Texas originally developed by Royal Dutch Shell (RDS-A). Recently valued at $19 million, it has approximately 300 wells in the field of which about 200 are presently revenue producing.

PGPU/Maverick is also proprietary owner and operator of several producing natural gas fields and owns approximately 50 additional natural gas leases in West Virginia.

Further information can be found at or

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the oil & gas market; including the geopolitical environment not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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