LEXINGTON, Ky., June 28 /PRNewswire-FirstCall/ -- Daugherty Resources
(Nasdaq: NGAS) today announced the change of its name to NGAS Resources, Inc.
The name change reflects the natural gas company's ticker symbol on the Nasdaq
Stock Exchange.
"NGAS resonates with people and reflects our focus on natural gas
production and development," said William S. Daugherty, President and CEO.
"Many of our investors and customers already referred to the company as NGAS
because it is short and easy to remember and quickly identifies who we are and
what we do. We are adopting the NGAS acronym throughout our organization with
a view to building a consistent and recognizable corporate identity."
NGAS Resources is a natural resources company focused on natural gas
development drilling and reserve growth. Based in Lexington, Kentucky, the
company specializes in developing its own geological prospects concentrated in
the Appalachian Basin. Additional information about the company is available
at its website, 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 ongoing drilling initiatives 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.
 back to top
Related links:
http://www.ngas.com
CONTACT:
Media, Teresa Barnes, +1-859-263-3948, or
cell, +1-303-521-4080, or Investors, Michael P. Windisch, CFO,
+1-859-263-3948, or fax, +1-859-263-4228, or ngas@ngas.com , both
of NGAS Resources, Inc.
|
