(EMAILWIRE.COM, May 22, 2009 ) Kansas City – May 21, 2009 - Petro America Corp plans to create U.S. jobs, and help stimulate the U.S. economy. Last week Petro America announced that it had acquired American Southwest Music Distribution Inc. (OCTBB:ASWD) a publicly traded company formerly known as GL Energy and
has changed its name to Petro America Corp and filed for a new trading symbol. Management is confident in the companyÂ’s business model, and the CompanyÂ’s direction that is committed to building shareholder value, and creating U.S. jobs.
Petro America Corp (www.petroamericacorp.com) is a rapidly growing multi-million dollar oil and gas holding company with over 68 million dollars in assets and no debt, and plans are to create thousands of U.S. jobs through Petro America Corps following subsidiaries and divisions:
1. World Star Corp Alternative Energy Division
2. Petro America Financial Services Inc. Division
3. Performance Packaging Group LLC underground storage and Order Fulfillment Division
4. Petro Tech Corp, the CompanyÂ’s IT and Trading Division
5. Petro Construction and Exploration
6. Petro Realty, the CompanyÂ’s Real Estate Division
7. Trans World Automation, the Electric Car Division.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations performance and other developments. Such forward looking statements are necessarily estimates reflecting the companyÂ’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the companyÂ’s public announcements.