Aiki Petroleum, Inc Announces New President and CEO

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 2, 2010 -- West Palm Beach, Fla., September 2, 2010 – Aiki Petroleum, Inc (AiKi) formerly PetrOil, Inc (Pink Sheets: CYRD.pk) announced today that Mr. Jim Madorma has been appointed as the new President and Chief Operating officer of the company. Mr. Madorma states “I am excited about future of Aiki. My first priority is to get the business in order and to catch up and our reporting compliance issues. We are also in the process of completing the symbol change required and appointing a new board of directors for the Company.”

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 that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
SOURCE: AIKI PETROLEUM, INC
CONTACT NAME: Jim Mordorma, West Palm beach, FL
CONTACT NUMBER: (561) 352-3210

gas     oil     petroleum