"We're extremely pleased to be working with an investment bank with this level of expertise and industry reputation," said Mark Western, Tekoil's Chairman and CEO.
"This relationship complements our ongoing plan to raise Tekoil's profile, both financially and publicly. Our goal has always been to take all steps necessary to maximize shareholder value and increase investor confidence in Tekoil," Western added.
James Giordano, President and CEO of J. Giordano Securities Group, expressed his confidence in Tekoil's management team and industry potential. "We are delighted to be working with Mark Western and the Tekoil team," stated Giordano, a recognized securities industry leader.
"We have followed Tekoil's progress for some time now. We believe we have a clear understanding of its significant assets and look forward to working together to find solutions to realize and unlock shareholder value," Giordano added.
About Tekoil & Gas Corporation
Houston-based Tekoil & Gas Corporation is a technology-driven company focused on the development, acquisition, stimulation, rehabilitation and asset improvement of small to medium-sized oil and gas fields. The combination of energy fuel reserves and advanced yield technologies are anticipated to generate value for Tekoil and its stakeholders, as the company targets above average growth in the 21st century energy sector. Additional news and information will be made available on the Tekoil website at http://www.tekoil.com and through further press releases.
About J. Giordano Securities Group
J. Giordano Securities Group is an independent, privately-owned, full-service investment banking firm committed to providing a full range of financial services and unique investment ideas to small-cap and middle-market companies. Headquartered in Manhattan and with offices in Stamford, CT, New Jersey and Boca Raton, FL, the company is committed to structuring products that meet the needs of both corporate and institutional clients. The Firm's Investment Banking Group offers a full range of investment banking services for small-cap and middle market companies. Services include: private capital; initial and follow-on public equity offerings; convertible debt and preferred stock offerings; high yield offerings and M&A advisory services. More information can be accessed online at: http://www.jgiordano.com.
Forward Looking Statements
This news release may contain certain forward-looking statements, including declarations regarding Tekoil and its subsidiaries' expectations, intentions, strategies and beliefs regarding the future within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements contained herein are based upon information available to Tekoil management as at the date hereof, and actual results may vary based upon future events, both within and without the control of Tekoil management, including risks and uncertainties that could cause actual results to differ materially including, among other things, the impact that acquisitions may have on the company and its capital structure, exploration results, market conditions, oil and gas price volatility, uncertainties inherent in oil and gas production operations and estimating reserves, unexpected future capital expenditure requirements, competition, governmental regulations and other factors, some of which are set forth in Part I, Item 2, of Tekoil's registration statement on Form 10-SB.