SOURCE: Texas Hill Country Barbecue, Inc.
IRVING, TX--(Marketwire - Oct 10, 2012) - Jerry Monday, President and Chairman of the Board of Texas Hill Country Barbecue (PINKSHEETS: THCB), announced today THCB has opened negotiations and expects to sign a letter of intent soon with a Texas-based oil and gas services company. The oil and gas services company owns and holds interest in several thousand acres of oil leases and producing oil and gas wells in East Texas, and is engaged in acquisition, development drilling, exploration and production of crude oil and natural gas.
"We are exploring ways using convertible warrants and common stock that will pay dividends to acquire current and long-term oil and gas production. We anticipate this strategy will provide the basis for a profitable future for THCB and potentially increase shareholder value," said Monday.
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," "intend," "believe," "plan," "estimate," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations.