HIALEAH, Fla. -- Capital Oil & Gas Inc. announced that an independent accounting firm will complete its 2008 year-end audited financial statements in an effort to create additional corporate transparency.
In a statement, company president and CEO Ariel Rodriguez emphasized "that the year end company audits will create additional transparency for its shareholders while showing the investing community its financial strength.
"Given the company's financial advances, we are proud that upon review of our preliminary financial audit, our shareholders and the financial [image-nocss] community will as pleased as we are."
On a related note, Rodriguez posted the following "letter from the CEO" on Capital Oil & Gas' website:
We at Capital Oil and Gas are working very hard to acquire additional gas stations and convenience stores. We bought the CPOG shell when the stock price had no bid. It has been up to as high as 0.0005. We feel that the company is being slandered by www.pinksheets.com, and we have been working to have the management of www.pinksheets.com remove the "Caveat Emptor" [buyer beware rating] on their information page of CPOG.
We have supplied all the information they requested; however, they are holding up the removal of the Caveat Emptor symbol on their page about the company until we pay $3,000 plus additional and sundry fees periodically. It has been explained to us that www.pinksheets.com is a private company and owns the website, and they can do as they please.
We, nor anyone we know or ever done business with, have never spammed, nor done any of the items that www.pinksheets.com slanderously infer are the reasons that they have attached the Caveat Emptor to the CPOG page. We are an operator of gas stations and we hope to grow to be a large distributor of petroleum products in the near future.
We hope that your investment in the petroleum-distribution business will be successful and profitable. We will continue to pursue www.pinksheets.com to remove their Caveat Emptor symbol.
Ariel Rodriguez, president & CEO
Hialeah, Fla.-based Capital Oil & Gas operates retail gas stations/convenience stores/fast-food operations throughout the state of Florida; the company is aggressively seeking additional acquisitions of comparable business operations and other additional synergetic related business that can enhance revenues and profits that will meet its required financial criteria.
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