News Column

Puissant Industries Inc. Announces 56% Revenue Gain in its Quarterly Period Ending March 31, 2014 Compared with its March 31, 2013 Quarter

June 3, 2014



LONDON, Ky.--(BUSINESS WIRE)-- Puissant Industries, Inc. (OTCBB: PSSS) (“Puissant” or the “Company”) (Corporate Website: psss.co), an independent energy company currently focused on the natural gas and liquids rich portion of the Devonian shale play in Eastern Kentucky, today announced that it for the three months ended March 31, 2014, the Company generated revenues of $173,746, consisting of $163,430 in oil and gas production and $10,540 in royalty income. Compared to total revenues of $110,947 for the period ending March 31, 2014, the Company increased its revenues by $62,799, representing an increase of 56% in total revenues.

Mark Holbrook, Puissant’s Chief Executive Officer commented: “We are pleased with our increasing revenue growth, which is consistent with our business plan to grow our cash flow to increase our drilling activities, reserves and oil and gas liquids production.”

About Puissant Industries, Inc.

Puissant Industries, Inc. is engaged in oil and gas exploration and development activities in fractured shale formations located in Eastern Kentucky. Puissant’s business strategy is to grow its reserves, production and cash flow on a cost-efficient basis. The key elements of this business strategy include:

• Developing and exploiting Puissant’s existing properties with a multi-year drilling program in the Appalachian Basin Devonian Shale;

• Maintain long-life reserve base by focusing on acreage acquisition and development activities on resources that target long-life gas and oil reserves; and

• Use a disciplined financial approach to be financially strong, yet flexible, through the prudent management of our balance sheet and active management of commodity price volatility.

Contact:

Mark E. Holbrook, President

Phone: 606-864-3161

E-mail: mh857@aol.com

Disclaimer:

This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the Company’s business plan and the information presented above. The information contained in this press release should not be construed as an indication in any way whatsoever of future production levels, the future value of the Company’s common stock, future revenues or our present or future financial condition. You should be aware that the SEC does not permit the above values in computing the Company’s assets on the Company’s balance sheet. The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. This press release should be read in conjunction with the Company’s Form 10-Q report for the period ending March 31, 2014 and our Form 10-K report for our fiscal year ending December 31, 2013, which are available at sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.




Puissant Industries, Inc.

Mark E. Holbrook, 606-864-3161

President

mh857@aol.com

Source: Puissant Industries, Inc.


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