SOURCE: Siberian Energy Group Inc.

October 23, 2007 15:59 ET

President of Siberian Energy Group Inc. Receives the 2007 Changing Worlds Award in Entrepreneurship & Business

NEW YORK, NY--(Marketwire - October 23, 2007) - Siberian Energy Group Inc. (OTCBB: SIBN) ("SEG"), a U.S.-based, publicly traded oil and gas exploration company with 100% of its assets located in West Siberia, Russia, announced today, that on October 25, 2007, Helen Teplitskaia, President of SEG, who also serves as President of the American-Russian Chamber of Commerce & Industry and Adjunct Professor at Northwestern University Kellogg School of Management, will receive the 2007 Changing Worlds Award in Entrepreneurship & Business.

The Awards and educational series introduced by the Changing Worlds strive to create awareness, foster positive human relations, dispel stereotypes, enhance cross-cultural understanding and provide role models for the youth. These series focus on identifying and honoring contributions made in the following fields: community and civic leadership, sports and entertainment, the arts, entrepreneurial and corporate leadership and education. An honoree is chosen in each category through a public nomination process overseen by a selection committee. Awards ceremony will be held in Chicago. Additional information may be found at www.changingworlds.com

About Siberian Energy Group Inc.

Siberian Energy Group Inc. is a unique, U.S.-based public oil and gas exploration company with 100% of its assets located in West Siberia, Russia. The company evaluates investment and acquisition opportunities in Russia and Eastern Europe with the goal of bringing a portfolio of natural resource licenses and operating companies to Western investors. Siberian Energy strives to provide an attractive ROI to shareholders by pursuing high-yield investment projects, reducing costs, and adhering to strict principles of transparency, disclosure and environmental consciousness. Additional information may be found at www.siberianenergy.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. The company takes no obligation to update or correct forward-looking statements and also takes no obligation to update or correct information prepared by third parties that are not paid for by the company.

Contact Information

  • Contact:
    Siberian Energy Group Inc.
    David Zaikin
    Chief Executive Officer
    Tel: 212-828-3011
    Email: Email Contact