Galaxy Energy Regains Compliance With Amex's Continued Listing Standards
04 Agosto 2006 - 2:00PM
PR Newswire (US)
DENVER, Aug. 4 /PRNewswire-FirstCall/ -- Galaxy Energy Corporation
(AMEX:GAX) has received a letter from the American Stock Exchange
("Amex") which indicates that Galaxy has resolved the continued
listing deficiency referenced in an April 25, 2006 notice to the
Company. Amex's finding was based on a review of Galaxy's Form 8-K
filings from April 26, 2006, and June 26, 2006. As is the case for
all Amex listed issuers, Galaxy's continued listing eligibility
will continue to be assessed on an ongoing basis. About Galaxy
Energy Galaxy Energy Corporation, a development stage oil and gas
exploration and production company, is focusing on acquiring and
developing coalbed methane in the Powder River Basin of Wyoming and
other unconventional natural gas properties in the Piceance Basin
of Colorado, in addition to exploration activities in Germany and
Romania. The Company conducts its exploration activities through
two wholly owned subsidiaries, Dolphin Energy Corporation and
Pannonian International, Ltd. Forward Looking Statement This press
release consists of forward-looking statements regarding the
intent, belief or current expectations of the Company and its
management. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve a number of risks and uncertainties, and actual results
could differ materially from those indicated by such forward
looking statements. The Company assumes no obligation to update the
information contained in this press release, whether as a result of
new information, future events or otherwise. Please refer to the
Company's filings with the United States Securities and Exchange
Commission for discussions of risks and uncertainties found in
Forms 10-K (annual report), 10-Q (quarterly report) and other
filings. Additional information may be found at the Galaxy Energy
Corporation Web site, http://www.galaxyenergy.com/ or by calling
Brad Long, Investor Relations/Galaxy Energy at (800) 574-4294, Bevo
Beaven or Warren Laird of CTA Public Relations at (303) 665-4200,
Tina Cameron, Renmark Financial Communications at (514) 939-3989 or
Kathleen Heaney (203) 803-3585 of Integrated Corporate Relations.
CONTACT: Brad Long / Investor Relations Bevo Beaven, Sr. Vice
President/GM Galaxy Energy Warren Laird, Senior Account Executive
(360) 945-0395 CTA Public Relations, Inc. (800) 574-4294 (303)
665-4200 DATASOURCE: Galaxy Energy Corporation CONTACT: Brad Long,
Investor Relations of Galaxy Energy Corporation, +1-360-945-0395 or
+1-800-574-4294; or Bevo Beaven, Sr. Vice President/GM, or Warren
Laird, Senior Account Executive, both of CTA Public Relations,
Inc., +1-303-665-4200, for Galaxy Energy Corporation Web site:
http://www.galaxyenergy.com/
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