(EMAILWIRE.COM, March 13, 2010 ) Oklahoma City , Ok - Press Release Source: FOY-Johnston Inc. On Friday March 12, 2010, 12:47 pm EST
Foy-Johnston Inc. (Pinksheets:FOYJ - News), a venture capital company, is pleased to announce that it has closed its acquisition of Liquid Gold International Inc. a leader in the enhanced oil recovery business. The Company has non-exclusive license rights to the use of new, cutting edge technology which creates new opportunities within the industry. The business plan of Liquid Gold is centered on the utilization of this heavy oil recovery system, which sets it apart and gives it a distinct advantage over other companies in the field.

The advantages of the Liquid Gold International process:
No exploration Risk
No international or offshore risk
Compactness of unit and low cost of unit
Unit is totally portable, very easily transportable
No drilling costs
Superior technology
No polluting surfactants, no residual toxic solvents, no green-house gases
No pipeline or injection wells needed
No separation techniques needed, oil contains no water, solvents or sand.
With this acquisition Liquid Gold becomes a wholly owned subsidiary of Foy-Johnston Inc.

Foy-Johnston has positioned its energy business as a significant strategic business area and will continue to acquire attractive oil assets in order to establish a more robust and well-balanced business portfolio.

"We have been working for the last 3 months on closing this acquisition as we feel that this company will be the future of the oil industry and the revenues and profits derived from this business will be substantial giving shareholders above average returns," stated Winay Sangsomborn, President of Foy-Johnston Inc.

About Foy-Johnston Inc.
Foy-Johnston is a venture capital firm that specializes in discovering and exploiting new technologies that have enormous commercial application and explosive revenue potential. The enhanced oil recovery business presents those very qualities that Foy-Johnston's management team has identified to meet those criteria. Our website is www.foyj.us


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