Proper Power & Energy to Finalize its Decision on a Joint Venture Partner

TAMPA, Fla., Sept. 20 /PRNewswire-FirstCall/ -- Proper Power & Energy, Inc. (OTC Bulletin Board: PPWE) announced today that after months of negotiating with several joint venture candidate companies, Proper Power has recently narrowed its choice down to two potential partners.

Potentially, the Company may decide to engage both companies being that their projects are focused on two entirely different regions of the United States.  One of the companies focuses their efforts on the west coast as one of the region's largest land lease holders.  The other company is specific to the Kentucky regions and surrounding areas.  However, both have experience and interest in assisting with Proper Power's main lease property in Utah's Rush Valley. 

"We feel that if we can strategically align ourselves with a joint venture company that can add equipment, manpower, and producing properties, we can leverage these resources to achieve our goals in Utah," stated Joseph Abdo, Proper Power CEO.

Proper Power has expressed much confidence in its recent feedback. The company has expressed that it could have its strategic partner chosen before month's end.

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.