Vinoble, Inc.
OTC Bulletin Board : VNBL

September 09, 2005 17:14 ET

Vinoble Agrees to Acquire an Interest in an Oil and Gas Prospect

MALIBU, CALIFORNIA--(CCNMatthews - Sept. 9, 2005) - Vinoble, Inc. (OTCBB:VNBL), a holding company seeking to identify long-term growth opportunities in the areas of homeland security, security information systems, and other security services, announced today that it has entered into a memorandum of understanding to acquire a minority interest in an Oil and Gas Prospect.

The property is located in southwest Louisiana in the Lafourche Parish. The field is host to many oil and gas producers and has produced in excess of 30 MMBO and 200 GCFG since its discovery in 1950.

The Company sees this transaction as an opportunity to enter into the Oil and Gas Sector at a cost that is approachable. Moreover, this opportunity will allow Vinoble to participate in an exciting venture that will not only provide the Company an ability to test and demonstrate RFID and GPS applications, but may also offer potential profitable returns.

RFID and GPS technology will become a valuable tool for the petrochemical industry and will offer protection of our country's natural resources and commodities against threat. Preservation of these materials is important to the safety of U.S. industry and economy.

The Company believes that offering such service and technology applications in the petrochemical industry will further position Vinoble in a rapidly expanding industry while taking advantage of access to the increasing capital and global spending that the Company will require for growth. The Company's goal is to also provide a much-needed service at a cost manageable to even the smallest of businesses that can't afford to do without the safety of its personnel and assets in this current state of constant threat.

Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan", "confident that", "believe", "scheduled", "expect", or "intend to", 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. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Vinoble to complete the proposed acquisition(s), the results of Vinoble's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Vinoble to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings. The closing of the transaction will be subject to complete due diligence, inspections, and completion of audited financial statements in accordance to GAAP as required by the SEC prior to consummation.


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