Empire Oil Refineries Corp. formerly Exchange Media Corp identifies potential acquisition.

LIAONING, CHINA, Feb. 23 /CNW/ - Arshad Shah, President and CEO of Empire Oil Refineries Corp formerly Exchange Media Corp., (EXMD.PK) announces on behalf of Board of Director's of the Company that the Company has submitted all the relevant documents to FINRA.

In furtherance of the previous news releases, the Company is currently negotiating  to acquire an operating Oil Refinery in the Western United States. The company plans to update its shareholders within two weeks on the development of this major acquisition.

Empire Oil plans to focus on this particular sector, which in the Board's opinion will be beneficial for the Company and its shareholders.


The statements contained herein which are not historical are forward-looking statements that are subject to risk and uncertainties that could cause actual results to differ materially from those expressed, including but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's press releases.

SOURCE Exchange Media Corporation

For further information:

Exchange Media Corp/ Empire Oil Refineries Corp.
Phone: (604) 687-7472,
Fax:      (604) 677-0808,

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Exchange Media Corporation

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Empire Oil Refineries Corp.

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