Company Ranked 3rd Fastest Growing Small Company in America
LEXINGTON, Ky., June 21 /PRNewswire-FirstCall/ -- NGAS Resources, Inc.
(Nasdaq: NGAS) today announced that it has been named one of America's 100
Best Small Companies by FORTUNE Small Business magazine. The list, which is
comprised of public companies, appears in the July/August issue of FORTUNE
Small Business, available on newsstands July 4 and at http://www.fsb.com. To
compile the list, FORTUNE Small Business asked financial research firm Zacks
to screen annual reports for public companies with annual revenue of less than
$200 million and a stock price of more than $1. Within that group, companies
were ranked based on the past three years' earnings growth, revenue growth,
and stock performance. Real estate firms and banks, which had begun to
override the list in recent years, were not considered for the list this year.
William S. Daugherty, President and CEO commented, "We are very pleased to
be included in this prestigious list. The fact that our performance has
earned us the position of 3rd fastest growing small company in America is
confirmation that our business strategy and execution capabilities have
created significant value for our shareholders. Being recognized by FORTUNE
Small Business clearly demonstrates the strength of this strategy and the
outstanding performance and dedication of our employees."
NGAS Resources is an independent energy company focused on natural gas
development drilling and reserve growth with its main operations in the
Appalachian Basin, primarily eastern Kentucky. Additional information,
including the Company's report on Form 10-Q for 1Q 2005, can be accessed on
its website at http://www.ngas.com.
This release includes forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act relating to matters such as
anticipated operating and financial performance and prospects. Actual
performance and prospects may differ materially from anticipated results due
to economic conditions and other risks, uncertainties and circumstances partly
or totally outside the control of the company, including risks of production
variances from expectations, volatility of product prices, the level of
capital expenditures required to fund drilling and the ability of the company
to implement its business strategy. These and other risks are described in
the company's periodic reports filed with the United States Securities and
Exchange Commission.
SOURCE NGAS Resources, Inc.
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Related links:
http://www.ngas.com
http://www.fsb.com
CONTACT:
Michael P. Windisch, CFO of NGAS Resources,
Inc., +1-859-263-3948, or Fax, +1-859-263-4228, or ngas@ngas.com
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