REOSTAR ENERGY CORPORATION PROVIDES FIRST CORPORATE UPDATE OF 2023

Rhea-AI Summary

ReoStar Energy Corporation (OTC: REOS) has released its first corporate update of 2023, focusing on key developments and strategies. The company is in the process of repricing its Reg. A offering, expected to complete in Q1 2023. Additionally, ReoStar is finalizing a strategic alliance with Larry Myers & Associates, a commercial printing firm with contracts worth several million dollars, and had over $5 million in annual revenue in 2022. Furthermore, ReoStar is exploring energy sector ventures and discussions with an operating and profitable Iron Ore Mine company. The firm aims to become a Net Zero Carbon Neutral Energy Company by 2050.

Positive

• Strategic alliance with Larry Myers & Associates, valued at several million dollars.
• Development of additional ventures in the energy sector for market diversification.
• Engagement with a profitable Iron Ore Mine that has impressive assets.

Negative

• None.

FORT WORTH, Texas, Feb. 8, 2023 /PRNewswire/ -- REOSTAR ENERGY CORPORATION (OTC: REOS) is pleased to provide its first corporate update of 2023.  The Company is currently repricing its Reg. A offering at this time which we expect to be completed in the first quarter. 

Reostar is also pleased to announce that the Company is finalizing its strategic alliance with Larry Myers & Associates a commercial printing firm with printing contracts valued at several million dollars. Larry MYERS and Associates had an annual revenue north of $5 million in 2022. 

In addition, Reostar is engaged in the development of additional ventures in the energy sector which will offer further market diversification. We're also in talks with an Iron Ore Mine company that has impressive assets and is currently operating and profitable. 

About ReoStar Energy Corp

ReoStar Energy Corp. is an Emerging Growth Energy Company with a two-fold mission: to aggregate existing oil and gas production from proven reserve fields to maximize revenues and to segregate some of those hydrocarbon revenues to acquire alternative energy sources. ReoStar plans to follow the Carbon Neutral protocols to be a Net Zero Carbon Neutral Energy Company by 2050. 

Notice Regarding Forward-Looking Statements

This news release contains forward-looking statements, which reflect our views with respect to future events and financial performance. These forward-looking statements are subject to certain uncertainties and other factors that could cause actual results to differ materially from such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. ReoStar Energy Corp disclaims any obligation to update any forward-looking statement made herein.

Contact Information: 
Michael Lajtay 
CEO 
info@reostarenergycorp.com 

View original content:https://www.prnewswire.com/news-releases/reostar-energy-corporation-provides-first-corporate-update-of-2023-301741960.html

SOURCE ReoStar Energy Corp.

FAQ

What is ReoStar Energy Corporation's recent corporate update?

ReoStar Energy Corporation's recent update includes repricing its Reg. A offering, finalizing a strategic alliance with Larry Myers & Associates, and exploring new ventures in the energy sector.

What strategic alliance has ReoStar Energy formed?

ReoStar Energy has formed a strategic alliance with Larry Myers & Associates, a commercial printing firm with contracts valued at several million dollars.

What are ReoStar Energy's future plans for carbon neutrality?

ReoStar Energy plans to achieve Net Zero Carbon Neutrality by 2050, following Carbon Neutral protocols.

What is the financial status of Larry Myers & Associates in 2022?

Larry Myers & Associates reported annual revenue exceeding $5 million in 2022.

Is ReoStar Energy involved in any new ventures?

Yes, ReoStar Energy is exploring additional ventures in the energy sector and is in talks with a profitable Iron Ore Mine company.