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TCRI to Trade as Petrosearch Corporation and Receives Symbol PSCP
HOUSTON, Nov. 4 /PRNewswire-FirstCall/ -- Texas Commercial Resources, Inc. ,
Houston -- which has reorganized into a holding company under the name
Petrosearch Corporation, a Texas corporation, for purposes of its combination
with Petrosearch Corporation, a Delaware corporation -- announced that its OTC
Pinksheets Trading Symbol will change to "PSCP" tomorrow November 5, 2003.
The Company said that the former symbol, TCRI, will be abandoned simultaneously
with the change to the new symbol. The Company is now conducting business under
the name Petrosearch Corporation.
Petrosearch Corporation will begin a new identity program, featuring its new web
site, http://www.petrosearch.com/ and more readily identifying it with its new
oil & gas related holdings.
About Petrosearch: Petrosearch Corporation was created by a team of seasoned and
successful oil and gas professionals. Through its Advisory Committee and broad
base of co-founders, Petrosearch has extensive depth of management and
experience in oil and gas exploration, development, production, marketing and
financing. The company's unique approach to finding and developing top oil and
gas prospects in North America includes incubator investment strategies and
franchise financing through joint ownership incentive agreements with existing,
successful independent oil and gas producers possessing exclusive knowledge of
overlooked, undeveloped or underdeveloped oil and gas resources. Leading
independents are motivated to bring their best prospects to Petrosearch because
they stay on to manage the subsidiary operating companies created to exploit
each petroleum asset and share fully in the value generated as the properties
are developed. After initial funding has been returned to the parent company,
each independent has the option of acquiring equity ownership in his/her own
subsidiary. Petrosearch Corporation, through its current three wholly owned
operating subsidiaries, holds oil and gas properties in Texas and North Dakota.
Forward-Looking Statements: Certain statements in this news release may contain
forward-looking information within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933,
as amended. All statements, other than statements of fact, included in this
release, including, without limitation, statements regarding potential future
plans and objectives of the Company, are forward looking statements that involve
risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements.
For Further Information, contact:
Investors: Greg Noble, Vice President, Corporate Finance, Petrosearch
Corporation; telephone - 713-914-9193; e-mail - .
Media: A. D. Koen, Petrosearch Corporation; telephone - 713-914-9193; cellular
- 713-294-8728; e-mail -
DATASOURCE: Texas Commercial Resources, Inc.
CONTACT: Investors, Greg Noble, Vice President, Corporate Finance +1-713-
914-9193, , or Media, A. D. Koen, +1-713-
914-9193, cellular - +1-713-294-8728, , both of
Petrosearch Corporation
Web site: http://www.texascommercial.net/