Proper Power & Energy Provides Corporate Update

TAMPA, Fla., Sept. 23 /PRNewswire/ -- Proper Power & Energy, Inc., (OTC Bulletin Board: PPWE) announced today that the Company has been conducting meetings all week to decide on a variety of issues including recent joint venture proposals in Kentucky and California. The company has retained Howard Dunn, P.E. Chem, B Sc. G.E., M Sc. MT E of Meridian, Idaho to review and determine the suitability of each proposal. 

Mr. Dunn is a well respected petroleum engineer with past experience with oil and gas exploration in the states of Kentucky, North Dakota, Utah and Texas, as well as countries in South America.  He is a graduate of the Colorado School of Mines and is a leader in the development of downstream gas-to-liquids process (GTL) facilities, and is a member of the Society for Petroleum Engineers.

Also, the Company and its Board of Directors continues to evaluate and discuss the possibility of a shareholders' dividend as previously discussed in July of this year. 

About Proper Power & Energy:

Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.

Safe Harbor Statement:

Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

SOURCE Proper Power & Energy, Inc.