First Titan Corp. (OTCBB: FTTN) will attend the world’s largest oil and gas trade show with an aggressive plan to target and acquire undervalued and distressed energy assets other companies are being forced to shed to weather the market downturn.
The Offshore Technology Conference (OTC), held annually in Houston, is the world’s premier gathering of oil, gas and energy-related service companies. With attendance in the tens of thousands, OTC offers a unique, once-a-year opportunity to woo key industry players and decision makers in a single location, and make game-changing business deals and acquisitions. This year’s conference takes place May 4-7.
“We’re going to scour the conference, concentrating heavily on productive assets that will pay the quickest and most lucrative dividends for our investors,” said FTTN CEO Sydney Jim. “Many oil and gas companies, caught unprepared and feeling the pinch of falling crude prices, are having what amounts to a fire sale of assets. This creates tremendous opportunities for hard-hitting companies like ours to swoop in and reap potential windfalls unforeseen when the market was at its peak.”
Industry experts are currently debating whether the crude oil market has hit rock bottom. Some speculate Saudi Arabia, capable of producing at far lower costs than their U.S. counterparts, will continue to drive prices down. If true, domestic oil companies may be compelled to put even more valuable assets on the market to slash costs.
“We’re targeting many interesting assets and we’re going to be quite aggressive in our pursuit of them,” Mr. Jim said.
For more information on FTTN’s oil and gas projects, please visit www.firsttitanenergy.com.
About First Titan Corp.
First Titan Corp., through its wholly owned subsidiary, First Titan Energy, LLC, is committed to the exploration and development of oil and natural gas resources around the globe. The Company continually seeks to partner with energy developers that are pursuing innovative new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Sydney Jim, 850-269-7267
President and CEO