The Beard Company Finalizes Disposition of China Fertilizer Operation
COMPANY EXPECTS TO REPORT GAIN OF MORE THAN
Under the terms of the Agreement, the Company has relinquished all of its ownership interests in the partnership to 7HBF and agreed to pay
“Finalization of this agreement will conclude all of the operations of the Company’s China Segment,” stated
“As a key part of our Company’s turnaround strategy, we are moving to simplify Beard’s operational structure and to focus upon the opportunities to enhance shareholder value that we have identified within our minerals exploration and development investment (Geohedral), our coal reclamation technologies, and our oil and gas business segment,” concluded Mee.
About The Beard Company
The Beard Company creates, acquires, and/or invests in businesses that management believes have high growth potential and/or above-average profit potential and can enhance shareholder value. The Company is currently involved in carbon dioxide (CO2) gas production; oil and gas activities; coal reclamation activities; e-commerce activities conducted through its starpay(TM) subsidiary; and minerals exploration and development through its Geohedral investment.
The Company is headquartered in
This document may include statements that constitute “forward-looking” statements, usually containing the words “believe”, “estimate”, “project”, “expect”, or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the Company’s lack of profitability in recent years; the ability to service outstanding debt and secure capital to fund operations; the ability to negotiate and execute contracts in connection with the Company’s coal reclamation activities; the outcome of a lawsuit against Visa; future trends in commodities prices; financial, geological or mechanical difficulties affecting Geohedral’s planned geological work programs; uncertainties surrounding estimates of mineralized material; and other risks detailed in Beard’s filings with the U.S. Securities and Exchange Commission. By making these forward-looking statements, Beard undertakes no obligation to update these statements for revisions or changes in the future.
For Additional Information, Please Contact: Herb Mee, Jr., President, at (405) 842-2333 or via email at firstname.lastname@example.org or RJ Falkner & Company, Inc., Investor Relations Counsel, at (800) 377-9893 or via email at email@example.com
SOURCE The Beard Company