TEGY Transact Energy Corporation (CE)

Tremisis Energy Acquisition Corporation (OTCBB:TEGY), a special purpose acquisition company, and Ram Energy, Inc. announced today that Tremisis' Registration Statement on Form S-4 containing Tremisis' Proxy Statement relating to their anticipated merger has been cleared for distribution by the Securities and Exchange Commission. The special meeting of the Tremisis' stockholders to consider matters relating to the merger has been scheduled for 10:00 a.m. Eastern Standard Time on May 8, 2006 at the offices of Graubard Miller, Tremisis' legal counsel, located at 405 Lexington Avenue, 19th Floor, New York, New York 10174. The Proxy Statement will be mailed on or about April 17, 2006 to stockholders of record on April 3, 2006. At the special meeting, Tremisis stockholders will be asked to consider and vote upon the previously disclosed Agreement and Plan of Merger dated October 20, 2005, certain amendments to the certification of incorporation of Tremisis and Tremisis' 2006 Long-term Incentive Plan. If the merger is approved, Tremisis Energy Acquisition Corporation will change its name to RAM Energy Resources, Inc. Tremisis has applied for listing of its common stock, warrants and units on the Nasdaq National Market under the proposed symbol RAME, RAMEW and RAMEU. Tremisis anticipates that, if approved, the listing will be effective at the time of the closing. About Tremisis Energy Acquisition Corporation Tremisis, based in New York, New York, was incorporated in January 2004 to acquire an operating business in the energy or environmental industry. Tremisis consummated its initial public offering on May 18, 2004, receiving net proceeds of approximately $34 million through the sale of 6.325 million units of its securities at $6.00 per unit. Each unit was comprised of one share of Tremisis common stock and two redeemable and convertible common stock purchase warrants having an exercise price of $5.00. Tremisis holds over $33.5 million in a trust account maintained by an independent trustee, which will be released to the company upon the consummation of the merger with RAM (less any amounts returned to Tremisis stockholders who elect to convert their shares to cash in accordance with Tremisis' charter). Additional information about Tremisis as well as relevant risks are detailed in Tremisis' filings with the Securities and Exchange Commission, including its report on Form 10-KSB for the year ended December 31, 2005. About RAM Energy, Inc. RAM Energy, Inc is a Tulsa, Oklahoma based independent oil and gas company engaged in the acquisition, exploration, exploitation and development of oil and gas properties and the production of oil and gas. RAM's producing properties are located primarily in Texas, Oklahoma and Louisiana and Mississippi. Tremisis stockholders are urged to read the proxy statement regarding the proposed transaction when it becomes available because it will contain important information. Copies of filings by Tremisis will contain information about Tremisis and RAM, are available without charge at the Securities and Exchange Commission's internet site (http://www.sec.gov), and are available from Tremisis, without charge, by directing a request to Tremisis Energy Acquisition Corporation, 1775 Broadway, Suite 604, New York, New York 10019.