Allied Energy, Inc. Appoints Auditor
January 18 2011 - 4:57PM
Marketwired
Allied Energy, Inc. (PINKSHEETS: AGGI) today
announced that it has engaged Moody, Famiglietti & Andronico,
LLP, of Tewksbury, MA, a Public Company Accounting Oversight Board
member firm (www.pcaobus.org), to act as auditor to the Company and
to audit its financial statements for year-end 2010.
The hiring coincides with the Company's plan to become a fully
reporting company with the SEC under the Securities Exchange Act of
1934 during 2011 and for its shares to be traded on the NASD
Over-The-Counter Bulletin Board (OTCBB).
Steve Stengell, Allied's Chief Executive Officer, stated, "We
are in the process of implementing a corporate governance standards
program that is consistent with public company standards in
anticipation of becoming a fully reporting company. Engaging Moody,
Famiglietti & Andronico, LLP, a firm with significant public
company auditing experience, is a positive step in meeting the
standards that we have set for the Company."
Through its wholly-owned subsidiaries, Allied Operating Oklahoma
LLC and Allied Operating Texas LLC, and its majority-owned
subsidiary, Allied Gas Transmission, Inc. Allied Energy, Inc.
operates its oil and natural gas properties in both Texas and
Oklahoma.
Allied Energy, Inc. is an independent oil and natural gas
developer primarily engaged in the exploration, development, and
production of oil and natural gas in the continental United States.
The Company relies upon its strategic industry partners,
subsidiaries, geologists, petroleum engineers, and other
operational personnel whose combined industry experience is
essential to each project. Allied Energy's strategic focus is the
development of oil and natural gas reserves.
For further information about the Company, please visit our
website at www.alliedenergy.com
Safe Harbor: Statements in this press release regarding matters
other than historical facts may be "forward-looking statements"
within the meaning of Section 27A of the Securities Act of1933,
Section 21E of the Securities Exchange Act of 1934, and as that
term is defined in the Private Securities Litigation Reform Act of
1995. Such statements about the Company's future expectations,
including future revenues and earnings, technology efficacy and all
other forward-looking statements should be considered to be subject
to the safe harbors created by those statutes and underlying
regulations. The Company is a development stage company that
continues to be dependent upon outside capital to sustain its
existence. Since forward-looking statements involve risks and
uncertainties and are subject to change at anytime, the Company's
actual results may differ materially from expected results.
Heather Age Allied Energy, Inc. 2800 Griffin Dr. Bowling Green,
KY 42101 Phone: 866-256-5836 Fax: 800-251-9322 Website:
http://www.alliedenergy.com Email: info@alliedenergy.com
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