SOURCE: CHAMA Technologaes Inc.
LAS VEGAS, NV--(Marketwire - Sep 18, 2012) - CHAMA Technologaes is pleased to announce that it has completed a merger with RWM Resources, Inc., a Colorado company. This merger will leave CHAMA as the surviving corporation. Through this merger, CHAMA has acquired rights to 450 natural gas wells and several oil wells, amongst other misc. holdings.
Combined with our recently acquired line of credit, we are very pleased with the direction our company is taking and are preparing for the exponential growth that is sure to come.
Apart from these major milestones on the road to our company's burgeoning future, we are negotiating oil wells in the South China Sea and Central America and feel confident that we will soon be making revenue from these projects.
We hope that you follow us closely as we grow!
About CHAMA TECHNOLOGAES INC. (CHAMA)
CHAMA is a Natural Gas and Oil exploration and development company with a device that utilizes the water in CBM wells for the extraction of Natural Gas. We have wells and property commitments in Wyoming in the area called the Powder River Basin. We also are negotiating offshore interests in the South China Sea as well as oil interests in Central America. For further information about CHAMA, please go to www.chamatech.com and www.chamaenergy.com.
Forward Looking Statements
The information in this press release contains "forward-looking statements" and are inherently susceptible to uncertainty and changes in circumstances. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often include words such as "anticipates," "estimates," "expects," "intends," "objective," "believes" and words and terms of similar substance in connection with discussions of future operating or financial performance. The Company's forward-looking statements are based on management's current expectations and assumptions regarding the Company's business and performance, the economy and other future conditions and forecasts of future events, circumstances and results. The Company's actual results may vary materially from those expressed or implied in its forward-looking statements. Important factors that could cause the Company's actual results to differ materially from those in its forward-looking statements include government regulation, economic, strategic, political and social conditions and Associated factors.