Falcon Crest Energy, Inc. affirms the desire to look into diversification of its business strategy.

'With oil and gas prices as low as they have been in the past six months, it has made it very difficult to obtain financing to fund the opportunities we have identified,' stated CEO Patrick Johnson. Everyone in the industry is feeling the crunch of these prices, whether it be by lack of funding for projects, inability to operate assets they currently have, or by the lack of available capable partners to joint venture with. We feel that by looking at diversification into other more stable and lucrative business sectors, we can provide better and more sustainable shareholder value going forward.'

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