Initial Production in the Illinois Basin
Anticipates Realizing an Improved Corporate Valuation
SAN DIEGO, Oct. 25, 2018 (GLOBE NEWSWIRE) — Ziyen Inc., a Scottish American Oil and Energy Company, proudly announces its Energy Division has become an oil producer in the Illinois Basin.
Ziyen Inc. has officially been registered as an Operator by the Indiana Department of Natural Resources, Division of Oil and Gas with the first five wells bonded under the Company’s name.
Alastair Caithness, CEO, Ziyen Inc., said,
“This is an incredible and important milestone for Ziyen Inc. The benefits to turning the corner and becoming an oil producer are multiple. Chief among those are: 1) Ziyen will be afforded an improved valuation for our early shareholders, 2) With an improved corporate valuation we enjoy improved financial flexibility to accomplish our goals, and 3) it will allow the company to begin real-world exemplification of our proprietary Ziyen Advantage Program. I am absolutely thrilled and proud to lead this company into our next phase. Moreover, the timing could not be better as we look to close Round 2 of funding. I want to sincerely and emphatically thank everyone involved who helped achieve this momentous milestone.”
About Ziyen Inc.
Founded in 2016, Ziyen Inc. is a Scottish-American company developing cutting edge procurement software to provide clients with industry specific government and private contracts via procurement portals. In 2017, Ziyen diversified, instating the Ziyen Energy Division, with intent to produce oil in the U.S. with advanced extraction methods and technology implemented and guided by career experts in the oil and gas industry. In June 2017, Ziyen acquired the mineral rights to its first oil field in Indiana, and now has thirteen assets. The U.S. Securities and Exchange Commission (SEC) qualified Ziyen Inc. in November 2017 for our second round of funding, with a pre-IPO share price of $1.50. More information may be found in its Offering Circular filed with the SEC, or on their website www.ziyen.com
Forward Looking Statements:
Certain statements in this press release including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing, performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in the Company’s periodic reports filed with the SEC- specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the company on the date of this press release. Ziyen Inc. assumes no obligation to update the information in this press release.
Berg Capital Markets
Dean Holter, Esq.
Berg Capital Markets