Micron Enviro Systems Inc. Announces Corporate Update
MICRON ENVIRO SYSTEMS, INC.
("Micron")
1205-789 West Pender Street
Vancouver, BC
Canada V6C 1H2
Tel: (604) 646-6903
April 23, 2007
MENV, MENVE:OTCBB USA
NDDA:Frankfurt Stock Exchange Symbol
A0J3PY:WKN # Frankfurt Stock Exchange
Corporate Update
Micron Enviro Systems, Inc.'s (OTCBB: MENV, MENVE) (Frankfurt Stock
Exchange: NDDA --- WKN:A0J3PY---ISIN: US59510E2072) ("Micron" or the
"Company") was not able to file the Company's Annual Report
containing the year end audited financial statements on time.
Therefore, the Company received an "E" on the end of its symbol to
indicate to the public that NASDAQ did not have received the
financials within the filing deadline. Micron will continue to have
to trade under the "MENVE" symbol until one or two days after the
Annual Report is filed, at which time the symbol will change back to
"MENV". The financial statements were filed today, therefore the "E"
will be removed from the Company's symbol on the market open on
Tuesday or Wednesday. Bernie McDougall, Micron's president stated,
"It is unfortunate that the filing was not submitted on time, however
management wants to assure Micron's shareholders that our Annual
Report has been completed and filed, and that fundamentally nothing
has changed other than we temporarily did not have out Annual Report
containing our audited financial statements filed by the required
date. Management's goals have not changed and the board will carry
on evaluating additional prospects primarily in the Alberta Oil
Sands. Micron also plans to acquire additional leases in the future
and move forward in developing the leases we currently have an
interest in. Micron has added significant land holdings in the
Alberta Oil Sands so far in 2007 and management is confident of
acquiring additional leases in the future."
Micron is an emerging oil and gas company that now has exposure to
eight separate leases consisting of interests in 24.5 gross sections
(15,500 acres) in the Oil Sands of Alberta, Canada, which is one of
the largest oil producing regions in the world. Micron also has
minor production from multiple conventional oil and gas wells
throughout North America. Micron's goal is to become a junior oil and
gas producer that focuses on the exploration, discovery and delivery
of gas and oil to the North American marketplace. Micron continues to
look for additional projects that would contribute to building
Micron's market capitalization, including additional Oil Sands
projects. At this time, Micron is one of, if not the smallest market
capitalized company with multiple leases (eight) and now has positive
operations underway in this world-class oil and gas producing
region. This is quite an enviable position for a company of Micron's
modest market capitalization, and therefore Micron offers tremendous
leverage to one of the world's largest oil resources. Please visit
our website for detailed maps of the locations of Micron's prospects
at www.micronenviro.com.
If you have any questions, please call Micron at (604) 646-6903. If
you would like to be added to Micron's update email list, please send
an email to info@micronenviro.com requesting to be added.
This news release contains forward-looking statements.
Forward-looking statements are statements which relate to future
events. In some cases, you can identify forward-looking statements by
terminology such as ``may,'' ``should,'' ``expects,'' ``plans,''
``anticipates,'' ``believes,'' ``estimates,'' ``predicts,''
``potential'' or ``continue'' or the negative of these terms or other
comparable terminology. These statements are only predictions and
involve known and unknown risks, uncertainties and other factors that
may cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any
future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements. While these
forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect our current judgment
regarding the direction of our business, actual results will almost
always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested
herein. Except as required by applicable law, including the
securities laws of the United States, the Company does not intend to
update any of the forward-looking statements to conform these
statements to actual results. Readers are referred to the sections
entitled ``Risk Factors'' in the Company's periodic filings with the
United States Securities and Exchange Commission, which can be viewed
at . For all details regarding working interests
in all of MENV's oil and gas prospects or any previous news releases
go to the SEC website. You should independently investigate and fully
understand all risks before making investment decisions.
Contact Information:
Bernard McDougall
Micron Enviro Systems, Inc.
ir@micronenviro.com
TEL: (604) 646-6903
Fax: (604) 689-1733
www.micronenviro.com