Proper Power Continues with Acquisition Infrastructure

TAMPA, Fla., Nov. 22, 2010 /PRNewswire-FirstCall/ -- Proper Power & Energy, Inc. (OTC Bulletin Board: PPWE) announced today that it has formed a wholly owned subsidiary to operate its acquisition of 87.5 acres of land in Kentucky. The filing follows the execution of an agreement of understanding with Hunter Resources Inc., a Colorado corporation, that details the substructure of the agreements.

The subsidiary will be managed by Andrew Kacic, former President of American Resources Inc., who will also serve as Chairman of the Board of Directors of the subsidiary. Two current members of the Board of Proper Power will serve on the Board of the subsidiary.  "This acquisition and first posting of oil revenues is an exciting project for us as the year concludes," stated CEO, Joseph Abdo. "It shows how small businesses can still compete and grow in this economy as long as you stay focused and never give up on your goals."  

The company also announced that it has filed its quarterly 10Q report on time once again. The revenues that will be generated by the subsidiary will be consolidated on future income statements, according to the Company.

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.