PATERSON, N.J., Oct. 7, 2010 (GLOBE NEWSWIRE) -- Kentucky Energy, Inc. (Pink Sheets:QMIN) (Kentucky Energy), a Kentucky based operator of energy and mineral related properties, today announced that market maker, Spartan Securities Group, Ltd., filed an application to resume quotation of Kentucky Energy's shares of common stock on the Over the Counter Bulletin Board (OTCBB) with the Financial Industry Regulatory Authority (FINRA). Kentucky Energy's shares are currently quoted on the OTCQB, a newly created marketplace of U.S. registered and reporting companies that are current on their reporting to the SEC.
Eugene Chiaramonte, Jr., President of Kentucky Energy, Inc., stated, "We are pleased to report that Spartan Securities has applied to resume quotation of Kentucky Energy's shares on the OTCBB. Kentucky Energy has timely filed its SEC reports over the last year, and we are hoping that FINRA approves Spartan's application and that our shares resume quotation on the OTCBB in the very near future."
About Kentucky Energy, Inc.: Kentucky Energy, Inc. acquires and operates energy and mineral related properties in the southeastern part of the United States. The Company focuses its efforts on properties that produce quality compliance blend coal. For more information on Kentucky Energy, Inc., please visit our website: KentuckyEnergyInc.com.
Forward Looking Statement: This press release contains items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Kentucky Energy, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue-producing operations, lack of working capital, debt obligations, judgment and lien claims against Kentucky Energy, Inc. and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil and gas, and other energy prices, general economic conditions in markets in which Kentucky Energy, Inc. does business, extensive environmental and stock and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
CONTACT: Kentucky Energy, Inc. Eugene Chiaramonte, Jr. 973-684-0035 www.kentuckyenergyinc.com