   |
|
|
|
|
| EDS Interviews CEO of Sonoran Energy and Reiterates Strong Buy Recommendation
LOS ANGELES--(BUSINESS WIRE)--Sept. 4, 2003--Sonoran Energy Inc. (OTCBB:SNRN) announced today that John Punzo, the Company's President and CEO, has been featured in a comprehensive interview by Eric, David & Sons (EDS) located at http://www.ericdavid.com/newsletter/mailer/snrn082503.html. The interview is an in-depth discussion of the latest milestones and future growth prospects for the Company. Eric, David & Sons President and Senior Market Analyst Steven Weiss stated, "Domestic energy resources must be given our utmost attention as the extreme uncertainty in the Middle East continues along with the current rise in oil and natural gas prices; Sonoran Energy is in a unique position to capitalize on its domestic oil holdings thus easing some of our dependence on foreign sources for our country's critical energy needs. It is for this reason that we have issued a strong buy recommendation for Sonoran." BizVantage – Beyond the news - a realtime Net clipping service: for business, investment or technology. "We are pleased to be featured on EricDavid.com and are excited about sharing our significant recent milestones and our exciting growth strategies with the investment community," commented Sonoran Energy CEO John Punzo. In an excerpt from the EDS interview, Punzo stated, "...the recent labor and social incidents in Venezuela and Nigeria and, most obviously, the conflict in Iraq has made apparent two vital facts: not only are we dependent on oil, and that those requirements are indeed ever increasing, but that we, as a continent, need to forge ahead with fostering home-grown supplies, releasing us from some of the outside reliance that holds us, quite frankly, somewhat hostage at times." The text of the full interview can be found at http://www.ericdavid.com/newsletter/mailer/snrn082503.html. About Eric, David & Sons (EDS) Eric, David & Sons, Inc., located in Princeton, N.J., has been in business since 1999. EDS President and Sr. Market Analyst Steven Weiss has over 20 years of experience in business communications and financial management. His corporate finance background includes positions with CBS Inc., International Thompson, United Newspapers and Universal Media where he set up and maintained international finance and corporate credit policies including debt consulting and resolution. About Sonoran Energy Sonoran Energy's primary objective is to identify, acquire and develop working interest percentages in smaller, underdeveloped oil and gas projects that do not meet the minimum requirements of major oil and gas corporations. Sonoran Energy is developing a reputation as a promising junior oil and gas producer. Through its partnership with Longbow LLC, the Company intends to make acquisitions that will allow the company to become a producer of 1000 to 1500 BOE per day (barrel oil equivalent) and 2500 to 5000 Mcf of gas. This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Registration Statement and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC). C O P Y R I G H T R E M I N D E RThis article is Copyright 2003 by Business Wire. All articles in the clari.* news hierarchy are Copyrighted and licensed to ClariNet Communications Corp. for distribution. Except for articles in the biz.clarinet newsgroups, only paid subscribers may access these articles. Any unauthorized access, reproduction or transmission is strictly prohibited. We offer a reward to the person who first provides us with information that helps stop those who distribute or receive our news feeds without authorization. Please send reports to reward@clari.net. [Use info@clari.net for sales or other inquiries.] Details on the use of ClariNet material and other info can be found in the user documentation section of our web page.
|
