CGrowth Capital, Inc. Turns the Corner on Louisiana Oil Production

SILVERDALE, WA / ACCESSWIRE / October 6, 2014 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company") is pleased to announce that it has completed the payoff of field work and well work overs performed at its Louisiana oil field during the purchase transition in April 2014 and the site is now producing positive cash flow.  Account reconciliations for the month of August received from the operator, Samco Oil, resulted in a positive net cash flow.  The operator indicates and expects the site to continue to produce between $15,000 and $20,000 per month in net cash flow to the Company after accounting for reoccurring monthly expenses.  The Louisiana site operates year round and has been a consistent producer of oil.

“Hard work and sacrifice by our entire team is moving this Company into a strong position,” stated Bill Wright, CEO of CGrowth Capital, Inc. “I cannot thank our team enough for the work that they have put forth to position the company for long term positive cash flow. With the Louisiana field fully operational and producing positive cash flow, we can now set our sights on ramping up production on our Powder River project in Wyoming. Step by step we will continue to build upon our assets, reserves, and cash flows, positioning the Company for future growth and an increased listing status.”

The Louisiana leases are comprised of six (6) leases covering 1,194 acres, which include seven (7) active and producing wells, and the associated fixtures, pumps, vehicles, and tanks for the current field operation.  The field has produced an average of 18.83 BOPD for the preceding three (3) months and is operated 7 days per week. Gross sales from the leases have produced an average of $54,000 per month.

For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com

About CGrowth Capital, Inc.:

CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining, minerals, and exploration.  The processing of metal ore mining, mineral and specialty rock extraction, as well as oil and gas production, are multi-billion dollar market opportunities which is capitalized on through processing, sales, contracting and licensing of assets.  CGrowth Capital's services and solutions are designed to assist land owners with monetizing undervalued assets by bringing commodities such as gold, silver, oil and gas, dolominte, and terrazzo to market. CGrowth Capital will focus on acquiring or “claiming” land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining operations.  

Investor Inquiries:

CGrowth Capital, Inc.
888-218-2472

Safe Harbor

Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.

Source: CGrowth Capital, Inc.