Company Bolsters Corporate Presence and Enters the Market With New State-of-the-Art Patented, Proprietary Natural Gas Production Technology
GILLETTE, WY - (NewMediaWire) - November 11, 2015 - NuTech Energy Resources, Inc. (OTC PINK: NERG), a natural gas and oil exploration and development company, is pleased to announce that the Company's corporate information has been updated on the OTC Markets website, www.otcmarkets.com, in an effort to fulfill reporting requirements and secure a current tier status. Changes are expected to be reflected imminently.
Concurrently, the Company proceeds to make its presence in the industry recognized through the recent appointment of a marketing firm selected to increase the Company's exposure and support its expansion strategy on numerous levels. One of the milestones already achieved is the enhancement of NuTech Energy's image with the development of an updated website demonstrative of NuTech Energy's advantageous position in the market. To view the new corporate site, visit: http://www.nutechenr.com/
"The revamping of our web presence, among other strategies in place, is expected to contribute considerably to the growth of our Company. The vertically integrated nature of the Company provides opportunity for advancement on a number of levels. We are very pleased with the team on board, and feel confident that the structure developed here is one we can really capitalize on," stated Kevin Trizna, Chief Executive Officer, NuTech Energy Resources, Inc.
As recently announced, the Company is presently focused on adding to the current inventory of its coalbed methane wells in the Powder River Basin of Wyoming, and plans to convert those wells into profitable producing assets. The Company has a patented, proprietary technology to produce natural gas without pumping water out of the ground from inside a well. This device reduces overhead from conventional methods of natural gas production by as much as eighty percent (80%).
About NuTech Energy Resources, Inc.: NuTech Energy Resources, Inc. (OTC PINK: NERG) is a natural gas and oil exploration and development company that has developed a patented technology for the production of coalbed methane (CBM) without the need to pump water. Nutech currently operates wells in the Powder River Basin area of northern Wyoming and has commitments to acquire thousands of additional wells. Nutech Energy Resources, Inc.'s development of proprietary equipment uniquely positions the Company to be able to acquire and profitably operate wells that were previously cost prohibitive.
Safe Harbor: This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.
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