News
Source Update on Definitive Agreement
CALGARY, Alberta-(Business Wire)-January 12, 2007 - Source Petroleum Inc. (OTC: SOPO)(the "Company" or "Source") is pleased to indicate per the Company's press release dated January 3, 2007, Source and Fuel-x International Inc. are nearing completion of all materials and documentation required to executing the definitive agreement between the two companies and expects completion imminently in the upcoming days.
Except for the historical and present factual information contained herein, the matters set forth in this release include statements of management's current expectations. Statements identified by words such as "expects," "projects," "plans," "believes," "estimates," "may" and similar expressions are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, include the statement that we believe the definitve agreement is nearing completion and that execution of the definitive agreement is imminent in the upcoming days, are subject to risks and uncertainties that may cause actual results to differ materially, including the possibility that the parties may be unable to resolve their differences in the final negotiation, and other risk factors relating to our industry will be greater than expected, all as detailed from time to time in the company's reports filed with the SEC. The company disclaims any responsibility to update these forward-looking statements.
