Company is Targeting Multiple Assets for Possible Inclusion as Part of its M&A Strategy
FRISCO, TX , Feb. 14, 2018 (GLOBE NEWSWIRE) — Elite Group, Inc. (OTC: ELTZ) a Nevada corporation established to acquire assets in the oil field service sector, announced today it will be continuing its merger and acquisition strategy through 2018 with the Company currently pursuing a number of strong potential acquisition candidates that it believes will add shareholder value. Recently, Elite Group announced an LOI with Carter Country Resources .
“We believe we have a company business model set for serious growth over the long term. We appreciate and value our shareholders. At this time, I would like to stress though that patience is a key part of implementing our model. It is also imperative that all of us respect our pursuit of new business and the negotiations that take place, said Tecco. “
Tecco said that ELTZ is moving forward on other “acquisition fronts.” “These negotiations take time to put together. We believe a majority of our shareholders know this, and have faith in us that we have a method in place which is proving to be effective in creating a larger, revenue generating company. We will continue to issue updates as we have solid information to announce.”
About Elite Group, Inc.
ELITE Group, Inc.(www.EliteGroupEnergy.com) is a Nevada corporation established to acquire assets in the oil field service sector. ELITE Group, Inc. specializes in the acquisition of assets related to the oil field services. Management’s objective is to acquire and consolidate oil field service assets in the prolific oil and gas exploration areas – primarily in the Permian and Eagle Ford Basins. Management believes it will accomplish its goal to maximize shareholder value through strategic acquisitions, effective business model design and economies of scale to a expanding industry. Elite’s management currently has relationships with a substantial number of oil and gas operators in the Permian and Eagle Ford basins. ELITE Group, Inc. will use the most environmentally friendly procedures and processes available to the industry.
Certain statements in this press release and elsewhere by management of the Company that are neither reported financial results nor other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of the Company’s operations varying significantly and materially from anticipated results. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by SEC rules. Investors are advised to consult any further disclosures made on related subjects in the Company’s reports filed with the SEC.