TX Holdings Inc. (OTCBB: TXHG) announced that MicroStockProfit.com, a specialized provider of market intelligence, high quality analytical reports and strategic advisory services for the capital markets, has initiated coverage of the company.MicroStockProfit.com (MSP) is a premiere source of otherwise hard to find market information on dynamic and innovative emerging growth micro-cap companies that MSP believes to have excellent future appreciation potential.
“Cumulatively, the MicroStockProfit.com team has amassed more than 30 years of experience across a wide variety of business areas including strategic market analysis and securities trading, corporate research, technology consulting, and direct mail/Internet marketing,” commented Mark Neuhaus – chairman and president of TXHG – in a press release. “We are excited to engage them as part of the TX Holdings team.”
In March 2007, TXHG began preliminary negotiations to acquire oil and gas fields located in Oklahoma and Kansas. Currently, these negotiations are ongoing and a definitive agreement to purchase has not been entered.
The company finances its operations from private placements. From July through September 2006, TXHG raised $1.24 million and used these funds to purchase an interest in three oil and gas fields located in Texas. Development of the fields began on November 1, 2006.
TXHG is a publicly traded oil and gas production company. The company’s strategy consists of acquiring and developing shallow, low-risk, high-yield oil and gas leases in West Texas, Kansas, and Oklahoma. TXHG currently has a majority working interest in over 120 wells divided between five active projects.
