SOURCE: Tyche Energy, Inc.

 
Apr 09, 2009 16:55 ET

Tyche Energy Corporation Changes Company Name, Announces Reverse Split of Common Stock

DALLAS, TX--(Marketwire - April 9, 2009) - Tyche Energy Corporation's (PINKSHEETS: TYEG) (FRANKFURT: T2Y) board of directors have approved the decision to change the company's name to Timberlake Energy Solutions Inc. In addition, the board of directors has approved a reverse split of the company's common stock at a 1 for 3000 ratio to raise venture seed capital. These corporate actions will take effect at the open of business 4/13/2009. The new company trade symbol on this date will be TLKE.

As a result of the reverse split, every three thousand shares of outstanding common stock will be changed into one share of common stock. All fractional shares shall be rounded up to the nearest whole number and shareholders of record on 4/13/09 are required to surrender their existing certificates to the company transfer agent.

The company is pleased to provide shareholders with the following corporate business activity to date:

--  Following the decision to approve the company name change and reverse
    split, former company president Gino Denise has since resigned and the
    company has appointed Mr. Bob Bowersock as Timberlake Energy Solutions
    Inc.'s new president.
--  Mr. James Lewis has joined the company as an officer as secretary
    effective March 2009.
--  Timberlake Energy Solutions Inc. has appointed Knightsbridge Assurance
    Ltd. as the company's new transfer of record.
--  The company is re-constructing its website and has contracted an
    investor relations firm to assist shareholders at this time.
--  Investor related concerns can be directed to timberlake.ir@gmail.com
    or by contacting the Investor Corporate Solution Center at 303-657-2764.
    

About Timberlake Energy Solutions Inc.

Timberlake Energy Solutions Inc. is a junior exploration company focused on purchasing abandoned or under valued oil and gas leases in the United States. With an experienced technical team, these oil and gas wells are refurbished and outfitted with the latest in oil and gas recovery equipment. Timberlake Energy Solutions has advanced technology to reclaim and put these wells back into production, hence increasing the well value significantly. Timberlake operates exploration projects through joint ventures in the Appalachian Basin and owns interests in a number of petroleum and natural gas leases in Lambton, and Kent, Counties, Ontario. In addition to its main operating focus, the company is actively exploring projects in the Appalachian and Michigan Basins.

Contact:
Bob Bowersock
President
Timberlake Energy Solutions Inc.
timberlake.ir@gmail.com