CYBK to File for Name Change, Ticker Change and Launches Website
09 October 2014 - 1:30PM
Access Wire
Geological Report Shows Strong Oil
Reserves in First Well
Debary, FL / ACCESSWIRE / October 9, 2014 / Cyber Kiosk
Solutions, Inc. (OTC PINK: CYBK) will file its 10b-17 next week to
effect a name change and ticker change for the Company to reflect
its current operations and has launched its new website
WWW.EPAPETROLEUM.COM.
EPA is in the process of drilling 10 wells in Venango County, PA
on the course lease. In addition, EPA has the ability to drill 40
more wells on the same property. The first 2 wells have been
drilled and a Geological Report, with pictures shown below, has
been completed on the first well which shows strong oil reserves.
The video link is for the second well showing oil already coming to
the surface prior to fracking which is a very positive signal of
oil reserves under the ground.
https://www.youtube.com/watch?feature=youtu.be&v=HNzW_WB9YoU&app=desktop
After EPA drills the third well, the Company will begin fracking
the first well to generate revenue. Fracking one well after three
wells are drilled is more cost effective and will generate profits
more quickly. The fracking method used in today's environment will
allow each well to extract oil from an approximate horizontal
circumference of 250 feet surrounding each well, compared to a 5
foot circumference used when wells were drilled 100 plus years
ago.
Cyber-Thingy, Inc. Update:
Cyber-Thingy, Inc. has officially changed its name to OHOF, Inc.
OHOF, Inc., while still a wholly owned subsidiary of CYBK, operates
as a fully independent company.
The spinoff and share dividend of OHOF, Inc. will be delayed
until the financials of the Company can be audited, giving way to a
registered spinoff.
Mr. Hall, CYBK's CEO stated, "I feel it is in the best interest
of the shareholders to delay the spinoff of OHOF, Inc. until the
financials are audited thereby creating a registered spinoff
instead of an unregistered spinoff".
An audit at this time would essentially give both companies
audited financials and pave the way for CYBK and OHOF Inc. to move
up to the OTCQB as two separate entities. CYBK has already engaged
an audit firm and paid them a retainer to prepare the audit. The
Company will retain an accountant to prepare the financial
information so it can be delivered in the format needed.
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
For more information contact:
CONTACT:
Nathan Hall
CEO
info@epapetroleum.com
SOURCE: Cyber Kiosk Solutions, Inc.