Verde Bio Holdings, Inc. (VBHI) Announces First Revenues

FRISCO, TEXAS, Jan. 26, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Verde Bio Holdings, Inc. (OTC: VBHI), today announced it has received its first revenues from its recent acquisition of oil and gas minerals and royalties.

The revenue received was from the acquisition of a portfolio of minerals including the Permian Basin, the Haynesville Shale and others that the Company made in 2020.  “Through this acquisition, we were able to gain some great assets in these prolific areas and our endeavors are beginning to pay off. We expect further development of these assets, as well as an increase in revenue as oil and gas prices go back up,” said Scott Cox, CEO of Verde Bio Holdings.

“I’m delighted for VBHI stakeholders,” commented Mr. Cox. “I know how difficult it is for a small Company to earn revenues within the first year of deploying a new business model. Our goal now is to expand both the revenues and our portfolios during this unique buying opportunity due to historically low commodity prices.” Mr. Cox continued: “We are just getting started and I couldn’t be more excited about the opportunities in front of us right now.”

Verde Bio Holdings, Inc., based in Frisco, Texas, engages in the acquisition and development of high-probability, lower risk onshore oil and gas properties within the major oil and gas plays in the U.S. The Company’s dual-focused growth strategy relies primarily on leveraging management’s expertise to grow through the strategic acquisition of diversified mineral and royalty portfolios.  “Our aim is to become a leading consolidator in a highly fragmented market,” Mr. Cox said.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company’s products and services, the ability to complete software development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company’s most recent periodic filings with the Securities and Exchange Commission, including its 2018 Annual Report on Form 10-K and quarterly reports on Form 10-Q.

Contact: 

Paul Knopick

[email protected]

940.262.3584