Ness Energy Receives Equity Funding for the
development of their Oil and Gas Properties.
WILLOW PARK, TEXAS,
U.S.A./NETANYA, ISRAEL,
June 8, 2006/PRNewswire-FirstCall/
-- Ness Energy International, Inc. (OTC Bulletin Board:
NESS -
News; Ness), announced today entry into a Material
Definitive Agreement in connection with a funding of
$1,022,727.29 of securities with several institutional
investors.
This financing affords Ness
the ability to pursue opportunities in their Oil and Gas fields
located in Texas. Additionally, it provides the Company with
flexibility to continue to develop its ongoing projects.
KMR Capital, LLC. represented Ness as
its sole advisor/placement agent on the transaction. KMR
Capital, LLC is a Texas based Investment Banking Firm with
specific focus on the energy sector.
Commenting on this recent
development, President and CEO of Ness, Sha Stephens stated,
"The commitment of these investors demonstrates the support of
our current oil and gas opportunities. We are pleased to be
associated with such high-profile firms and look forward to
continued development of our beneficial relationship and the
fulfillment of our business plan. Additionally, KMR is a
uniquely qualified firm and we are pleased to have them as a
part of our team. We look forward to their continued guidance.”
NESS will continue to provide
updates regarding projects as new developments occur.
About Ness-The Vision
Ness Energy is an aggressive, emerging oil and gas company
building on deals that make sense. Ness Energy operates
interests in the Ft. Worth Basin and the Coastal Plains regions
of Texas. Ness is also a very active player in the energy
industry in Israel, carrying out The Vision of The Company. ‘The
Vision’: that Israel, in particular the southwest end of the
Dead Sea is a place where “Science and The Bible shake hands”
and that Ness will achieve The Vision of the location and
recovery of an abundant supernatural source of oil and gas in
Israel for The Nation of Israel and the Christian communities”.
Ness Energy is building at a high-speed pace through Merger,
Acquisitions, Drilling, Re-Work and Re-Entry.
Forward-Looking Statements
This news release includes
forward-looking statements. Actual results could differ
materially from those contemplated by such forward-looking
statements as a result of any number of factors and
uncertainties, many of which are beyond the control of the
company. Important factors that could cause actual results to
differ materially from those in such forward-looking statements
are enumerated in the company's registration statement filed
with the Securities and Exchange Commission. Undue reliance
should not be placed upon any forward-looking statements, and
the company undertakes no obligation to update those statements.
CONTACT:
Ness
Energy International, Inc.
Tina
Sbriglia – Investor Relations
(817)
341-1477 or info@nessenergy.com
Visit us
on the web at
www.nessenergy.com