Business
Sunset Island Group Signs LOI
Sunset Island Group Signs LOI.
About this update from Sunset Island Group, Inc.
[{"type":"text","content":"Sunset Island Group Inc. (pinksheet symbol SIGO) announced today that they have signed a Letter of Intent to acquire 10 wells in the Matagorda Island area in south Texas. \n\n\"We are very pleased to make this announcement today,\" stated Lawrence Sherman, President of Sunset Island Group. \"We anticipate on closing this acquisition within the next 45 days.\"\n\nThe acquisition will include all wells, leases, platforms and will include a small pipeline. The wells are predominantly gas wells that will include some condensate.\n\nSafe Harbor Provisions: \nCertain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Sunset Island Group, Inc., (the \"Company\"), as well as those contained herein, that are not historical facts are \"forward-looking statements\" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward-looking statements include without limitation statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; and (e) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words \"expects,\" \"anticipates,\" \"intends,\" \"plans,\" \"believes,\" \"seeks,\" \"estimates,\" and similar expressions are generally intended to identify forward-looking statements. \nImportant factors that could cause the actual results to differ materially from t...