Tesoro Enterprises, Inc. Opens Corporate Brokerage Account
NEW CANAAN, CT-- Sep 19, 2012 - Tesoro Enterprises, Inc. (PINKSHEETS: TSNP) today announced the opening of a corporate brokerage account.
The Board of Directors of Tesoro Enterprises, Inc. (TEI) has authorized management to open a brokerage account for the purpose of acquiring the Company's common stock. The Board has authorized the purchase of up to $100,000.00 worth of stock over the next 18 months. The primary reason for this acquisition program is to establish a fund of free trading shares that can be used for acquisitions and consultant services. Any shares, acquired through this program, will be held as Treasury Stock in the equity section of the company's balance sheet. The effect on the company's common stock, of any share acquisition, will be to temporarily reduce the total shares outstanding and the float as reported on the company's OTC Markets' (PINKSHEETS: TSNP) web site.
Company CEO Henry Boucher said, "The program will be coordinated with the availability of acquisition candidates and the availability of working capital."
Forward-Looking StatementsSafe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectations regarding future events. Actual events could differ materially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on the forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the Securities and Exchange Commission.
CONTACT INFORMATION:TESORO ENTERPRISES, INC.26 CROSS STREETNEW CANAAN, CT 06840203-930-7427