SILVERADO, CA -- (Marketwire) -- 03/21/13 -- Resource Ventures, Inc. (PINKSHEETS: REVI), President Bob Thompson announced today that the company's wholly owned subsidiary, Global Energy Management Ltd., ("GEM") has placed a bid on a 2700 square kilometer (1042 square mile) oil concession in North Africa.
The oil concession is located in an area of proven hydrocarbon production and with successful exploration is projected to have attractive production and transportation costs. GEM would own a 25% working interest in the project upon being awarded the concession license.
President Bob Thompson stated, "Resource Ventures recently announced its intention to be proactive in the acquisition and development of Power Production and Petroleum Exploration projects. GEM's bid on the North African oil concession very much supports our Strategic Vision and if successful in the bidding, REVI and GEM will have an excellent start to the achievement of that Vision."
About Resource Ventures, Inc. (PINKSHEETS: REVI)
Resource Ventures Inc. ("REVI") is an emerging independent global Electrical Power Production and Petroleum Exploration Company that is focused on the acquisition and development of a diversified portfolio of complementary power generation and energy production projects.
REVI's strategic vision anticipates the utilization of both modern and traditional power generation technologies in combination with diverse energy sources, including oil and natural gas as well as renewable energy sources such as biomass, bio-diesel, wind power and photovoltaic systems.
For additional information:
Telephone: 888.497.REVI (888.487.7384)
Web Site: http://www.resven.com
Investor Information visit http://www.otcmarkets.com/stock/revi/quote
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
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