EnDevCo Engages National Investment Banking Firm

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Elderstreet C	LSE:EDVC	London	Ordinary Share	GB00B068X319	C ORD 5P

Share Name

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Market

Type

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Elderstreet C

LSE:EDVC

London

Ordinary Share

GB00B068X319

C ORD 5P

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Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
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EnDevCo Engages National Investment Banking Firm

26/11/2008 12:00pm

PR Newswire (US)

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Leading US Investment Bank Raising Capital To Enhance EnDevCo's Operations HOUSTON, Nov. 26 /PRNewswire-FirstCall/ -- EnDevCo, Inc. (OTC:EDVC) (BULLETIN BOARD: EDVC) , the Energy Development Company, is pleased to announce that it has engaged one of the nation's leading investment banking firms to assist the Company in securing capital to finance substantial near term production and income growth. The firm has completed its due diligence, prepared a private placement memorandum and is currently in the market seeking financing for the Company. The funds from this anticipated capital raise will be utilized to repay EnDevCo's current lender and launch the aggressive Short Junction Field drilling campaign that has been in the planning stages. "We are pleased to announce there is a national firm working with us to raise this capital," stated Chris A. Dittmar, EnDevCo's Chief Executive Officer. "We have conclusively proved the income potential at Short Junction Field with the WSJU #109StH, our first horizontal well, and the only thing now holding back the Field's rapid production growth is the proper financing structure. Even with these tough market conditions, we have reason to believe a substantial portion of the raise will be closed before the end of 2008," Mr. Dittmar commented. About EnDevCo: EnDevCo is a dynamic energy company rapidly establishing an identity consistent with its operating philosophy of "Science Before The Drill Bit." The Company has domestic and foreign oil and gas projects with current interests in Oklahoma, the Gulf of Mexico offshore Louisiana, Colombia and Peru. EnDevCo's largest domestic property, Short Junction Field, located in Oklahoma, currently produces from 24 oil wells and 2 gas wells. EnDevCo maintains offices in Houston and Dallas, Texas. For more information on EnDevCo, visit http://www.endevcoinc.com/. This press release includes certain "forward-looking statements". The forward-looking statements reflect the beliefs, expectations, objectives, and goals of EnDevCo, Inc. management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended. DATASOURCE: EnDevCo, Inc. CONTACT: Investor Relations, Tom Cloutier of EnDevCo, Inc., +1-760-832-2412, ; or Media Relations, Amanda Thomas of Robust Media Group, LLC, +1-407-585-8850, , for EnDevCo, Inc. Web site: http://www.endevcoinc.com/

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