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Texas Petrochemicals Announces Filing of Form 10 Registration Statement with Securities and Exchange Commission

Posted on: Monday, 22 December 2008, 13:18 CST

HOUSTON, Dec. 22 /PRNewswire-FirstCall/ -- Texas Petrochemicals, Inc. (the "Company") (OTC: TXPI) today announced that on December 19, 2008 it filed a registration statement on Form 10 with the U.S. Securities and Exchange Commission in order to register its common stock under the Securities Exchange Act of 1934. This filing is part of the process necessary for the Company to become a reporting company under the Exchange Act. The filing is not an effective registration statement and is subject to review by the SEC.

Texas Petrochemicals President and Chief Executive Officer Charles Shaver, said, "Filing the Form 10 with the SEC is an important milestone in our initiative to become an Exchange Act reporting company. I am pleased with our progress, and believe we are on track to complete the registration process in the first half of the 2009 calendar year."

Parties wishing to review the Form 10 registration statement can do so either on the Company's website, http://www.txpetrochem.com, or by searching the website of the U.S. Securities and Exchange Commission, http://idea.sec.gov/idea/searchidea/companysearch_idea.html using the Company's name or its CIK Code, 0001452217.

Headquartered in Houston, Texas, Texas Petrochemicals Inc. is a premier chemical company with approximately $2 billion in annual sales. Its products are sold to a wide range of performance, specialty and intermediate markets, including synthetic rubber, fuel additives, plastics and detergents. The Company has manufacturing facilities in the industrial corridor adjacent to the Houston Ship Channel, Port Neches and Baytown, Texas and operates a product terminal in Lake Charles, Louisiana. For more information, visit the Company's web site at http://www.txpetrochem.com.

Cautionary Information Regarding Forward-Looking Statements

The matters discussed in this press release that are not historical or current facts deal with potential future circumstances and developments, in particular relating to completion of the Company's registration statement under the Exchange Act. This discussion is qualified by the inherent risks and uncertainties surrounding future events generally and also may differ materially from actual future experience involving any one or more of such matters. Forward-looking statements speak only as of the date they were made, and the Company undertakes no obligation to update or revise any forward-looking statements in light of new information or future events.

Investor Relations Contact: Robert Whitlow Email: robert.whitlow@txpetrochem.com Phone: 713-627-7474 Contact: Ruth Dreessen Email: ruth.dreessen@txpetrochem.com Phone: 713-627-7474 Media Relations Contact: Sara Cronin Email: sara.cronin@txpetrochem.com Phone: 713-627-7474

SOURCE Texas Petrochemicals, Inc

Source: PR Newswire

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