SOURCE: UTEC Inc.; Tiger Oil and Energy, Inc.

September 23, 2010 15:09 ET

Tiger Oil and Energy, Inc. Changes Name From UTEC, Inc.

LAS VEGAS, NV--(Marketwire - September 23, 2010) -  Tiger Oil and Energy, Inc.'s (OTCBB: TGRO) Board of Directors is pleased to announce that it has changed its name from UTEC, Inc. to Tiger Oil and Energy, Inc. to better reflect its new growth areas of energy exploration its planned acquisition of existing energy leases and future energy expansion.

The new symbol approved by the regulatory agencies is TGRO on the OTC Bulletin Board effective September 23, 2010.

"Safe Harbor" Statement:

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.

Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by the Company, as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.

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