FIMA, Inc. Acquires Twenty-Four Oil and Gas Leases in New Mexico

* Reuters is not responsible for the content in this press release.

Thu Apr 10, 2008 8:36am EDT

  HUNTINGTON BEACH, CA, Apr 10 (MARKET WIRE) -- 
 FIMA, Inc. (PINKSHEETS: FIMA), an emerging land development company
incorporating resource exploration and mining, oil and gas exploration and
extraction, and commercial and luxury residential real estate development in
Central and South America, announced today that the Company has finalized an
Agreement to acquire 24 oil and gas leases in the productive region of New
Mexico from Six Eighteen Corp. The specific terms of the deal were not
disclosed.

    According to a FIMA spokesperson, "With oil now reaching $112 per barrel and
natural gas also experiencing strong gains, we are extremely pleased to be
able to add these potentially lucrative assets to our portfolio. In 2007
alone, New Mexico produced 1,523,550,719 Mcf of natural gas and 58.83 Million
barrels of oil. These impressive production levels are demonstrative of the
exceptional opportunities present in the region, and we are extremely
optimistic about the potential of this latest acquisition to bring added value
to our
shareholders."

    About FIMA, Inc.:

    FIMA is engaged in a diverse range of land development and utilization
activities,
such as the acquisition of raw land and the design and construction of
commercial and luxury real estate in the resort regions of Mexico, resource
exploration and development in Central and South America, and the acquisition
and
development of mining properties and mining rights in Central and South America.
FIMA operates several subsidiaries, including a prestigious architectural design
and construction firm based in Puebla, Mexico, as well as an integrated resource
exploration and mining company with holdings in the prolific gold- and
silver-producing regions of Colombia. For more information, visit the
Company website at: www.fimadevelopmentinc.com.

    Safe Harbor Statement:

    Except for historical information contained herein, the matters set forth
above
may be forward-looking statements that involve certain risks and
uncertainties that could cause actual results to differ from those in the
forward-looking statements. Words such as "anticipate," "believe," "estimate,"
"expect," "intend" and similar expressions, as they relate to the Company or
its management, identify forward-looking statements. Such forward-looking
statements are based on the current beliefs of management, as well as
assumptions
made by and information currently available to management. Actual results
could differ materially from those contemplated by the forward-looking
statements as a
result of certain factors such as the level of business and consumer
spending, the amount of sales of the Company's products, the competitive
environment within the industry, the ability of the Company to continue to
expand its operations, the level of costs incurred in connection with the
Company's expansion efforts, economic conditions in the industry and the
financial
strength of the Company's customers and suppliers. The Company does not
undertake
any obligation to update such forward-looking statements. Investors are also
directed to consider all other risks and uncertainties.

    

Contact:
FIMA, Inc.
714-847-2460
Email Contact

Copyright 2008, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.