/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.
ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION
OF U.S. SECURITIES LAWS/
THE WOODLANDS, TX, June 3, 2011 /CNW/ - Porto Energy Corp., ("Porto" or the "Company"), today announced that it has retained The Equicom Group Inc.
("Equicom") to provide strategic investor relations and communications
Equicom provides strategic communications services to approximately 100
public companies across a diverse range of industries. Under the terms
of the agreement, Porto will pay Equicom a monthly fee of $7,500 for
select strategic communication services. The initial contract term is
12 months and commences immediately.
Neither Equicom nor any of its principals have an ownership interest,
directly or indirectly, in Porto or its securities, nor has the Company
granted Equicom or its principals any rights to acquire any such
interests. Equicom is a wholly-owned subsidiary of TMX Group Inc. and
is headquartered in Toronto, Ontario and has offices in Calgary,
Alberta and San Diego, California.
About Porto Energy Corp.
Porto Energy Corp. is an international oil and gas company engaged in
the exploration of crude oil and natural gas in Portugal, including the
appraisal of a gas discovery. Through its wholly owned subsidiary,
Mohave Oil And Gas Corporation (a Texas corporation with branch offices
in Portugal), the Company holds working interests in five concessions
in Portugal's Lusitanian Basin totaling 1,444,152 net acres or 5,844 km2. Through its exploration efforts to date, the Company has identified
seven major exploration trends over its concessions and generated more
than 45 prospects and leads. Porto Energy's shares trade on the TSX
Venture Exchange under the ticker symbol "PEC". For more information on
Porto Energy visit www.portoenergy.com.
This press release contains certain forward-looking statements. These
statements relate to future events or the Company's future
performance. All statements other than statements of historical fact
are forward-looking statements. The use of any of the words
"anticipate", "plan", "continue", "estimate", "expect", "may", "will",
"project", "should", "believe", "predict" and "potential" and similar
expressions are intended to identify forward-looking statements. These
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially
from those anticipated in such forward-looking statements. No assurance
can be given that these expectations will prove to be correct and such
forward-looking statements should not be unduly relied upon. These
forward-looking statements are made as of the date of this press
release and the Company does not undertake to update any
forward-looking statements that are contained in this press release,
except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Porto Energy Corp.
For further information:
Heath Cleaver - Chief Financial Officer
Nick Hurst - The Equicom Group