(26th July, 2011)
TULSA, Okla., July 26, 2011 /PRNewswire via COMTEX/ — CAVU Resources, Inc. (”CAVU”), which trades as OTC: CAVR.PK, announced today that the CAVU Resources, Inc. has changed the date of its company’s annual shareholder meeting at The Mansion on Turtle Creek in Dallas, Texas, to September 16, 2011.
As part of our efforts to conserve environmental resources and prevent unnecessary corporate expenses, CAVU has elected to provide Internet access to its proxy statement and annual reports rather than mailing paper copies. This is pursuant to the Notice and Access rule passed by the SEC effective January 1, 2009. In order to provide enough time to take advantage of the Notice and Access rule, we have had to change our Annual Meeting date to September 16, 2011. All stockholders as of July 27, 2011 will receive a one page Notice with instructions detailing how to access the proxy statement, vote their shares, view the webcast and attend the meeting. This greatly reduces postage, printing expenses, unnecessary paper waste and will save the company approximately $15,000.
CAVU’s management will discuss recent business developments, new opportunities and present in detail the proposed spinoff of its subsidiary CAVU Energy Services, LLC. A production company has been engaged to compile a virtual tour of all of the company’s projects and assets. For all shareholders of record as of July 27, 2011 the meeting will be broadcast live on the internet. “We hope this delay will also give more of our shareholders time to plan to attend the meeting. With recent events such as the U.S. debt ceiling and the Europeans financial uncertainties continuing to influence the global economy, this additional time will allow us to present a more detailed and informed report on how this affects our company,” stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a “CAVU” day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company’s oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company has acquired leases and is currently exploring additional opportunities in oil and gas leases. The company has acquired operating equipment including rigs, trucks and completion equipment.
CAVU’s 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. FILO Quip Resources, LLC a licensed Oil and Gas Operating Company manages the company’s properties in Oklahoma and plans to operate targeted leases in Kansas, Colorado, Montana and Texas. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in waste disposal, Geo-Thermal and Wind, taking advantage of the changing environment and in the world’s need for new, green and innovative resources. More information is available at the company’s website at http://www.cavu-resources.com .
Cautionary note: This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to U.S. investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Contact:CAVU Resources, Inc.CAVR.PK5147 South Harvard Ave,Suite 138Tulsa, OK 74135Desai V. Robinson, Director of Public RelationsEmail: email@example.comWebsite: www.cavu-resources.comTel : 504-722-7402Fax: 918-782-0776
SOURCE CAVU Resources, Inc.