Henderson, Nevada, May, 3 2012, Evader, Inc. (PINKS: EVDR) http://www.evadercorp.com is pleased to provide this general company update regarding Divestiture of India ASCC, operations and OTC Markets Adequate Disclosure.
EVDR is pleased to announce that is completed the divestiture of its Indian company holdings. The complex transaction due to Indian laws will be outlined in the upcoming Adequate Disclosure and company’s financial statements.
EVDR management confirms that it is in final stages of a merger / acquisition process with a Texas based gas company. The divestiture of ASCC amongst other things clears the road for the Texas gas company transaction to finalize.
Company research indicates Texas leads the nation in natural gas production, holding around 23% of the nation’s natural gas reserves.
Texas oil and gas wells produced 496,725,786 Mcf (thousand cubic feet) of gas based upon preliminary production figures for February 2012 up from the February 2011 preliminary gas production total of 472,883,565 Mcf.
Texas production in February 2012 came from 140,822 oil wells and 90,385 gas wells.
EVDR targeted merger candidate is a prime small business growth candidate with current financials, approximately 1.2 Million in assets and about 500k in liability. The company has been in operation since 2008.
In other company news and events, Evader Inc. is in process of updating the OTC Markets with new adequate disclosure and fillings. In addition to the above, and the managements opinion EVDR remains stubbornly oversold. EVDR’s management sees the new adequate disclosure and a re domicile as a solution to address this issue. This is noteworthy and worth pointing out, that the Texas gas company is encouraged by EVDR progress and none of the aforementioned corporate actions will delay the merger completion between the two companies as they will only straighten the bond and the good relationship which currently exists.
For now, EVDR will enter a quiet period to allow the filing and taking of the Adequate Disclosure, save and except ALERTS sent via its IR Firm to subscribers and other filings on OTC Markets. The merger may occur ahead of any new Adequate Disclosure being filed without further notice.
The company reminds its followers to review the “Get the Facts Right” disclaimer which is self-explanatory.
More details and news will follow as aforementioned on a timely and frequent basis as aforementioned above.