LAS VEGAS, July 23 /PRNewswire-FirstCall/ -- Consolidation Services Inc. (the "Company") (OTC Bulletin Board: CNSV), a petroleum industry energy company engaged in the development and operation of domestic oil and gas wells and the acquisition of petroleum mineral rights, announced today that it has filed its 8K pursuant to the Securities Exchange Act of 1934, for accounting and valuation of the April 1, 2010 completed acquisitions under 12 substantially identical Asset Purchase Agreements with various funds and the completed purchase of interests in oil and gas wells located in Kentucky and Tennessee.
The Company recorded the purchase price based on a third party reserve valuation and an equipment appraisal totaling $7,421,910. See the full 8K filing at sec.gov or link to it from the Company's web site.
Consolidation Services Inc. is engaged in the exploration, acquisition, development, production and marketing of natural gas and crude oil in North America. The Company, founded in 2007, is based in Las Vegas, Nevada. The Company currently owns oil and gas wells along with oil and gas mineral rights on approximately 13,500 acres in eastern Kentucky and Tennessee. Consolidation Services Inc. is attempting to build shareholder value through further acquisition and exploitation of its domestic energy resources.For more information, please visit www.consolidationservicesinc.com or www.csi-energy.net Forward Looking Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and under the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "potential", "estimate" and similar expressions are intended to identify forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements.