EyeCity.Com, Inc. Today Announces Acquisition of Oil Producing
Wells in Cobb County, Texas
LAKE MARY, Fla., Nov. 12, 2012 /PRNewswire/ -- EyeCity.com,
Inc. (Pink Sheets: ICTY) today announces the acquisition of 3 oil
wells in Cobb County Texas with an option to acquire 6 additional
wells.
Bradley Wilson, CEO states, "It
is with great enthusiasm and excitement that I can report to our
shareholders, that EyeCity.Com, Inc. ("ICTY") is now a Natural
Resource Company with its primary focus on Energy and Mining
Sectors, more specifically oil and gas and mining of precious metal
mineral deposits. Our decision to expand operations from mining to
include oil and gas was driven by opportunities presented to ICTY
and the consistent recurring revenue stream created from oil wells.
Consistent monthly cash flow will allow us to build ICTY and
attract key management necessary for long term success."
The acquisition of 3 oil wells in Cobb County, Texas with an option on another 6 wells is the
first in a series of transactions that the company has been
exploring. These wells are currently under producing to their
ultimate potential, and the immediate focus is to conduct a work
over and stimulation program to increase oil production.
Initial production is conservatively projected at 3-4 BBL/day
per well with an expected increase to 5-6 BBLday per well.
The company is presently developing a new Website
www.EyeCityResourcegroup.com which will provide more detailed
information on the properties, Management, Vision of the
company.
Over the course of the next 2 weeks ICTY will be Releasing
details of the Acquisitions as well as management and Board Member
additions. This will include updates on the planned
completion of our African mining initiatives.
"I would like to acknowledge our deep appreciation for the
patience and confidence that our valued shareholders have endured,
and looking forward to the benefit from immediate acquisitions as
well as the road to a bright and exciting future," CEO Wilson
added.
About Eyecity.com Inc.
Eyecity.com, Inc. is currently
transitioning its business model towards a focus on natural
resources. The primary focus in this sector is targeted
towards oil and gas and the exploration and mining of precious
metal mineral deposits.
For further Information and
inquiries:
eyecityresourcegroup@gmail.com
FORWARD LOOKING STATEMENTS
Certain statements in this release, other than statements of
historical fact, may include forward-looking information that
involves various risks and uncertainties. There can be no
assurance that such forward-looking statements will prove to be
accurate. Actual result and future events could differ
materially from those anticipated in such statements. These
and all subsequent written and oral forward-looking statements are
based on the estimates and opinions of management on the dates they
are made and expressly qualified in their entirety by this
notice. The Company assumes no obligation to update
forward-looking statements should circumstances or management's
estimates or opinions change, other than as required pursuant to
applicable securities laws.
SOURCE EyeCity.com, Inc.