EX-99.1
4
ex99-1.htm
PRESS RELEASE DATED OCTOBER 6, 2009
ex99-1.htm
Exhibit
99.1
FOR
IMMEDIATE RELEASE
Digital
Lifestyles Leases Acreage for Oil and Gas Exploration
Crossville,
TN -- (GLOBE NEWSWIRE)--October 6, 2009-Digital Lifestyles Group, Inc. (Pink
Sheets: DLFG) announced today that the company has entered into two leases
covering a total of approximately 43 acres in Kentucky and Tennessee which will
permit it to begin exploration for oil and gas in Tennessee and
Kentucky. The Tennessee lease is approximately 10.5 acres and is
considered a direct offset to a well located on an adjacent property that was a
500 barrel per day flowing well when drilled. The Kentucky lease is
approximately 32 acres and the company believes this site is of particular
promise due to several producing formations in the immediate area, including the
Granville, Sunnybrook, Stones River, Murfreesboro, Wells Creek and Knox
formations.
The
initial terms of the leases are one year and each lease automatically renews for
additional terms providing that the company has begun drilling operations on the
property. The company has begun the process of applying for all the
necessary permits with all state and federal agencies and upon receipt it
intends to begin drilling operations as soon as possible.
About
Digital Lifestyles Group, Inc.
Digital
Lifestyles Group, Inc. was formerly a computer and consumer electronics company
that designed, manufactured and marketed digital and consumer products. In April
2005 the company discontinued all operations and was a shell company until
beginning its development of operations in the energy sector during the third
quarter of 2009. Digital Lifestyles Group, Inc. has previously
announced its pending name change to TN-K Energy Group Inc. which the company
anticipates will be effective later in October 2009.
This
press release contains "forward-looking statements." Forward-looking
statements include, without limitation, any statement that may predict,
forecast, indicate, or imply future results, performance or achievements, and
may contain the words "estimate", "project", "intent", "forecast", "anticipate,"
"plan", "planning", "expect", "believe", "will likely", "should", "could,"
"would", "may", or words or expressions of similar meaning. Such statements are
not guarantees of future performance and could cause the actual results of
Digital Lifestyles to differ materially from the results expressed or implied by
such statements, including, but not limited to, the company's ability to
implement its business strategy, obtain sufficient capital as necessary,
compliance with Federal securities laws, and other factors. Additional
information regarding risks can be found in Digital Lifestyles Annual Report on
Form 10-K and its other filings with the SEC. Accordingly, although
Digital Lifestyles believes that the expectations reflected in such
forward-looking statements are reasonable, there can be no assurance that such
expectations will prove to be correct. Digital Lifestyles has no obligation to
update the forward-looking information contained in this press
release.
Contact:
Ken Page
President
Digital
Lifestyles Group, Inc.
(931)
707-9599

EX - 99 . 1 4 ex99 - 1 . htm PRESS RELEASE DATED OCTOBER 6 , 2009 ex99 - 1 . htm Exhibit 99 . 1 FOR IMMEDIATE RELEASE Digital Lifestyles Leases Acreage for Oil and Gas Exploration Crossville , TN -- ( GLOBE NEWSWIRE ) -- October 6 , 2009 - Digital Lifestyles Group , Inc . ( Pink Sheets : DLFG ) announced today that the company has entered into two leases covering a total of approximately 43 acres in Kentucky and Tennessee which will permit it to begin exploration for oil and gas in Tennessee and Kentucky . The Tennessee lease is approximately 10.5 acres and is considered a direct offset to a well located on an adjacent property that was a 500 barrel per day flowing well when drilled . The Kentucky lease is approximately 32 acres and the company believes this site is of particular promise due to several producing formations in the immediate area , including the Granville , Sunnybrook , Stones River , Murfreesboro , Wells Creek and Knox formations . The initial terms of the leases are one year and each lease automatically renews for additional terms providing that the company has begun drilling operations on the property . The company has begun the process of applying for all the necessary permits with all state and federal agencies and upon receipt it intends to begin drilling operations as soon as possible . About Digital Lifestyles Group , Inc . Digital Lifestyles Group , Inc . was formerly a computer and consumer electronics company that designed , manufactured and marketed digital and consumer products . In April 2005 the company discontinued all operations and was a shell company until beginning its development of operations in the energy sector during the third quarter of 2009 . Digital Lifestyles Group , Inc . has previously announced its pending name change to TN - K Energy Group Inc . which the company anticipates will be effective later in October 2009 . This press release contains " forward - looking statements . " Forward - looking statements include , without limitation , any statement that may predict , forecast , indicate , or imply future results , performance or achievements , and may contain the words " estimate " , " project " , " intent " , " forecast " , " anticipate , " " plan " , " planning " , " expect " , " believe " , " will likely " , " should " , " could , " " would " , " may " , or words or expressions of similar meaning . Such statements are not guarantees of future performance and could cause the actual results of Digital Lifestyles to differ materially from the results expressed or implied by such statements , including , but not limited to , the company 's ability to implement its business strategy , obtain sufficient capital as necessary , compliance with Federal securities laws , and other factors . Additional information regarding risks can be found in Digital Lifestyles Annual Report on Form 10 - K and its other filings with the SEC . Accordingly , although Digital Lifestyles believes that the expectations reflected in such forward - looking statements are reasonable , there can be no assurance that such expectations will prove to be correct . Digital Lifestyles has no obligation to update the forward - looking information contained in this press release . Contact : Ken Page President Digital Lifestyles Group , Inc . ( 931 ) 707 - 9599