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Category: Investment, Energy, Oil, Gas, Natural Gas
Energy Stocks; Indigo-Energy (OTCBB: IDGG) Shareholder Meeting Results
HENDERSON, Nev. - June 17, 2010 (Investorideas.com energy newswire) - Indigo-Energy, Inc. (OTCBB: IDGG) is pleased to announce that a Company shareholder meeting was held in Philadelphia, Pa on June 14th. The well attended event included shareholders, Directors and Officers of the Company as well as Mark Bailey from the auditing firm Bailey & Company and corporate securities counsel Arthur Marcus, partner with Gersten Savage, LLP.
The meeting began with CFO Stan Teeple addressing the attendees. During his remarks, he outlined the history of the Company and made introductions of Board members, major contributing shareholders, and professionals in attendance. The opening comments were followed by the business portion of the meeting which included voting on the three agenda items contained in the Proxy. The voting summary was 79% in favor of increasing the authorized shares, 68% and 67% respectively for the election of Directors Steve Durdin and Brad Hoffman and 85% in favor of ratification of Mark Bailey & Company Indigo's auditing firm. After the voting was concluded, Indigo President and CEO addressed the audience giving a thorough update regarding progress being made on the Company's wells in the Illinois Basin and of his realistic optimism for positive results from that project. The meeting concluded with an open Question and Answer session with shareholders.
As a service to shareholders who were unable to attend, Indigo will be uploading video segments from the meeting onto the Company's website in the near future. The video along with other information about the Company can be found at www.Indigo-Energy.com.
About Indigo-Energy, Inc.:
Indigo-Energy Inc. is an independent Nevada energy company, engaged in the drilling, development, production and acquisition of certain oil and gas reserves located in different geological regions around the United States. This involves drilling of developmental oil and gas wells at the different program sites on proven reserves. It also includes the purchase of producing oil and gas wells, and existing oil and gas leasehold interests.
Safe Harbor: Statements contained in this press release that are not based upon current or historical fact are forward looking in nature. Such forward- looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties, and events that may be beyond the control of Indigo-Energy, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to successfully complete drill projects, adapt to changes in technology, and energy competition.
Contact:
Indigo-Energy, Inc.
Investor Relations:
Cathy Root, 1-702-990-3387
www.Indigo-Energy.com
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Published at the Investor Ideas Newswire
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