SMSMobility, Inc.
PINK SHEETS : SMSO

July 15, 2005 14:15 ET

SMSMobility, Inc.: Company to Acquire Interest in Disposal Well

CALGARY, ALBERTA--(CCNMatthews - July 15, 2005) - On behalf of SMSMobility, Inc. (PINK SHEETS:SMSO) (the "Company") President Rod Burns, is pleased to report that the Company has negotiated an interest in a existing saltwater disposal well located in the Medicine Hat, Alberta area.

With the recent rise in oil and gas prices there has been a significant increase in production, especially in the re-initiation of wells that were previously considered uneconomical due to high water production. In the Alberta oil and gas fields it is quite common to encounter ratios of 10:1 of water to oil production. The water produced represents a significant environmental hazard and special care, equipment, and personnel are required to deal with this byproduct of the production process.

The Company has secured the services of an operator who has had 40 years experience in the oil and gas industry with 7 years experience with the specific well that SMSMobility / Star Petroleum has acquired an interest in. As the regulatory scrutiny is quite onerous, this will insure a well-run, compliant operation that will insure a very attractive profit margin for the project.

With the ready availability of disposal water and the close proximity to a large client base, the project will be ready to commence operations in a very short timeframe. Once operations commence, cash flow will be immediate with the potential for considerable growth and a long-term contribution.

"This represents a very low-risk point of entry for the Company which will generate an immediate contribution to revenue and cash flow. Further, the location of the operations will put us within a core area of interest which we have identified for Oil & Gas development opportunities", said Mr. Burns. "Additional details will be released in a timely manner as the project proceeds", he concluded.

About SMSMobility / Star Petroleum Corp.

The Company has recently changed its business direction and is currently acquiring and venturing within the Oil and Gas sector. The initial focus and development will be on lower risk, high quality prospects which will provide the Company with a greater likelihood described in enhanced detail in the near future.

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • SMSMobility, Inc.
    Rod Burns, P. Eng.
    (403) 804-1063