CEO Will Discuss Form 8-K/Audit Filed October 7, 2019, Lineal Star 2019 Turnaround and 2020 Growth Plans
HOUSTON, October 21, 2019 - Camber Energy (NYSE American:CEI)("Camber" or the "Company") announced today that Tim Connolly, the CEO of its newly acquired subsidiary, Lineal Star Holdings LLC, www.LinealStar.com ("Lineal Star"), will appear live on "CEO Money", Hosted by Michael Yorba, Chairman & CEO of WFN1 News Corp. Mr. Connolly will discuss the 64-year history of Lineal Industries, Inc., which is wholly-owned by Lineal Star, and its ongoing operations following its acquisition by Lineal Star in July 2018, its business model for expansion, as well as the Camber/Lineal Star merger announced on July 9, 2019, as well as post-closing conditions of the merger.
Additionally, listeners and viewers should view the information in Camber's Current Report on Form 8-K, filed with the Securities and Exchange Commission on July 9, 2019, as amended by the Amendment No. 1 thereto filed on July 10, 2019, which includes information regarding Camber's acquisition of Lineal Star and the Current Report on Form 8-K/A (Amendment No. 2) filed by Camber on October 7, 2019, which includes historical financial statements and unaudited pro forma information relating to Lineal Star and Camber's acquisition of Lineal Star.
The Connolly interview will be broadcast live on the WFN1 News Corp website and Facebook page which can be reached via the following links below.
* WFN1 News Corp Website: https://wfn1.com/category/ceo-money/
* WFN1 News Facebook Page: https://www.facebook.com/WFN1News/
Shortly after the live interview, the audio of the show will be posted on Spreaker, iTunes, iHeart Radio, Alexa Assistant, Google Play and Stitcher, in addition to the WFN1 News Corp website and Facebook page.
About Lineal Star Holdings, LLC
Lineal Star, based in Houston, Texas, is the parent company of (a) 64-year-old Lineal, based in Pittsburgh, Pennsylvania, (b) Lineal Star Incorporated ("Lineal Star"), headquartered in Houston, and (c) Evercon Energy, LLC, headquartered in College Station, Texas. Each of these companies were acquired by Camber as part of the merger announced in July 2019 or subsequent thereto. Lineal Industries has provided over six decades of upstream, midstream, and utilities pipeline maintenance, specialty construction and integrity services to Fortune 500 companies located in the states of Ohio, Pennsylvania, Virginia, West Virginia, Maryland and New York.
About CEO Money
Hosted by Michael Yorba, Chairman & CEO of WFN1 News Corp, "CEO Money" is a sit down with business leaders, industry titans and entrepreneurial influencers to get to the bottom of what makes and their businesses. The host digs into secrets behind bigger profits, strong revenues, and better business.
About Camber Energy, Inc.
Based in Houston, Texas, Camber Energy's (NYSE American: CEI) primary focus is midstream and downstream pipeline specialty construction, maintenance and field services via Lineal Star, as described in greater detail in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (SEC) on July 9, 2019 (as amended). For more information, please visit the Company's website at www.camber.energy.
Safe Harbor Statement and Disclaimer
This press release may include "forward-looking statements" which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although Camber believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. These include, but are not limited to, risks relating to the absence or delay in receipt of stockholder approval of the issuance of shares of our common stock in connection with the acquisition of Lineal and related transactions; change orders that are subject to change or cancellation, which may reduce the value expected from projects, or the timing of such projects; government approvals or third party consents; risks relating to funding we may never receive and/or the terms of such funding, if received; the risks of substantial and significant ongoing dilution of common stockholders pursuant to conversions of our Series C Preferred Stock, conversion premiums associated therewith and true-ups thereon; risks related to over-hang and significant decreases in our common stock trading prices as common stock shares issued upon conversion of our Series C Preferred Stock are publicly sold, compounded and exacerbated by successive conversions and sales; risks relating to the liquidation preferences and rights of our preferred stock; risks relating to the redemption rights of our preferred stock; risks relating to extensions and approvals provided by the NYSE American; risks relating to our ability to maintain our NYSE American listing due to falling stock prices and other matters; risks relating to significant downward pressure on our common stock trading prices caused by sales of our common stock by our Series C Preferred Stock holder and others; risks related to potential future acquisitions or combinations, the risks of not closing such transaction(s) and the ultimate terms of such acquisition(s), if closed; and other risks described in Camber's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the SEC, available at the SEC's website at www.sec.gov. Investors are cautioned that any forward-looking statements are not guarantees of future performance, actual results or developments may differ materially from those projected and investors should not purchase the stock of Camber if they cannot withstand the loss of their entire investment. The forward-looking statements in this press release are made as of the date hereof. The Company undertakes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. The Company's SEC filings are available at http://www.sec.gov. The hyperlink to the WFN1 News Corp Website and Facebook page provided in this release above are for informational purposes only and the Company makes no representations regarding the information set forth on, or accessible through, such website, or the accuracy thereof, whatsoever.
Media Contact:
Interdependence PR
camber@interdependence.com
SOURCE: Camber Energy Inc.
