Market Advisors Research Issues Report on Toro Ventures With an Intermediate Term Range of $2.80 per Share
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SEATTLE, WA, May 20 (MARKET WIRE) --
Toro Ventures, Inc. (OTCBB: TORO) announced today that Market Advisors Research
has issued a report on the company with an Intermediate Term Range of $2.80
per share.
An excerpt from the Report states, "The sharp rise in oil prices can be
blamed on a growing difficulty to meet demand with new supplies. The world's
population is expected to grow 50% to nine billion sometime by the middle of
this decade. With that, the number of cars and trucks is projected to double
in 30 years -- to more than 3 billion -- as developing nations rapidly
modernize.
All of that and more will require a lot more oil -- enough that oil
consumption will jump by some 35% by the year 2030, according to the
International Oil Agency, a leading global energy forecaster for the U.S. and
other developed nations."
The Report continues, "Toro Ventures Inc. (OTCBB: TORO) is engaged in oil
and
gas exploration, development, and production through newly acquired properties
with working interests in the production owned by established oil and gas
companies,
whether public or private. Toro Ventures recently entered into an LOI with Nitro
Petroleum on the Crown Oil and Gas Lease in Pottawatomie County, Oklahoma.
This Turnkey agreement provides that Toro acquires a 60% working interest in
the Crown Oil and Gas leases.
"Toro Ventures is doing business in Oklahoma, which ranks as one of the
major
oil-producing states in the country, with annual production typically accounting
for more than 3% of the total U.S. production in recent years. Three of the one
hundred largest oil fields are located in Oklahoma. Toro seeks to build
shareholder value by pursuing tangible projects or assets through contacts and
relationships within the oil and gas sector as well as define larger
projects with joint venture partners."
The report's final analysis, "Smart money was picking up the scent of what
is
believed to be a coming oil bonanza, buying into some oil companies and
acquiring others, grabbing title to proven reserves around the world, and
moving into any number of related investments. We have witnessed that and we
believe it could be just the tip of the iceberg. By looking at the
performance of oil companies over the past year or so, it is quite evident that
the average investor has become almost completely oblivious of one of the
world's most profitable businesses. Our price objective of $2.80 is based on
today's price of $1.69."
About Market Advisors, Inc.
Market Advisors, Inc. was founded in 1985 and since that time has enjoyed
numerous ratings success by independent market raters. Headed by Jeff
Helleberg and Doug Wetzel, Market Advisors provides research and analysis on
individual stocks as well as a mutual fund management service which is based
upon their top-rated timing advice, and previously was a member of the
Winners Circle(TM), an elite group of market analysts providing daily market
comments and advice. Market Advisors, Inc. has also been ranked the #1 market
timing service for the period (1985-1990) according to the Hulbert Financial
Digest. Throughout our history the firm also served as an advisor to
brokerage firms and investment bankers.
Jeff Helleberg has 23 years' experience in the financial services
industry.Jeff is a graduate of the University of Nebraska - Lincoln with a B.S.
degree
in Business Administration. He was a registered investment adviser from 1983 to
1999. Jeff was co-editor of the Marketarian Letter, a nationally syndicated
stock market newsletter, which had been consistently ranked as one of the
top-performing investment newsletters in the nation. Prestigious publications
such as the Hulbert Financial Digest, Barron's, The Wall Street Journal, Timer
Digest and U.S. News & World Report are among those that have recognized The
Marketarian Letter for its outstanding performance for more than 10 years. Jeff
was
the sole contributor and chief editor for The Marketarian Letter from 1989 thru
1995. Jeff has provided timely investment advice while helping investors achieve
their stock and bond market investment goals. Since 1999, he has been
involved in writing fact sheets and research reports for small-cap stocks and
specializes in companies that have a market cap below $100 million and that
trade below $5 per share. These types of companies are usually
under-followed and fairly new to the investment scene.
The information and opinions in this analyst report were prepared by
MarketAdvisors, Inc. (located in Nebraska), which does receive fees for services
including preparation of this report. For this report, officers of Market
Advisors, Inc. received $3,000 by third party, Mind Tec Group Inc., who is
non-affiliated and may hold a significant position in the stock. This is not
an offer to buy or sell securities nor should this report be construed as
investment advice. Information or statements are subject to numerous risks and
uncertainties that may cause such statements not to prove accurate. Market
Advisors, Inc. does not disseminate, nor is it liable for the dissemination
by any third party of this analyst report.
Toro Ventures, Inc. has moved aggressively into the Oil and Natural Gas
exploration business. Oil and Gas prices are at high levels due to increased
world energy demands and supply shortfalls. These higher prices should enable
smaller and faster moving companies like Toro Ventures to be aggressive in
acquiring further opportunities within the Sector.
More information on the Crown Leases will be made available on Toro's New
Corporate Website www.toroventuresinc.com.
Certain statements in this news release may contain forward-looking
information within
the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under
the Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of fact,
included in this release, including, without limitation, statements regarding
potential future plans and objectives of the company, are forward-looking
statements that involve risks and uncertainties. There can be no assurance
that such statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such statements.
Technical
complications which may arise could prevent the prompt implementation of any
strategicallysignificant plan(s) outlined above.
Contacts:
Toro Ventures, Inc.
Investor Relations
1-206-922-2001
CEO and President
Frederick Graham
1-206-686-1757
http://www.toroventuresinc.com
Copyright 2008, Market Wire, All rights reserved.
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