Nov 7, 2006 6:00:00 AM VERNON, BC -- (MARKET WIRE) -- 11/07/06 -- Aquatic Cellulose International Corp. (PINKSHEETS: AQCI) is pleased to announce the Company will not propose to reverse split its stock in its revised Preliminary Proxy. This positive news comes the day after Aquatic announced that it had retained 7.5% of its outstanding stock as part of a new deal with New Century Energy Corp. involving the disposition of Prado Gas Field.
Sheridan Westgarde, Aquatic CEO, stated, "Our disposition of Prado played a pivotal role in affecting our decision to remove this initiative from our Proxy. Originally we negotiated with New Century to issue 15% of our outstanding stock, then subsequently re-negotiated that amount down to 7.5% under terms of a January 2005 First Amendment to a Joint Purchase, Sale and Exploration Agreement. As a result of our new agreement announced yesterday, that amount is now zero. Having effectively retained a significant amount of our stock, we have further enhanced our value and removed any uncertainty among shareholders and investors about this key issue as we move closer to filing our new revised preliminary Proxy."
About Aquatic Cellulose International Corp.
Aquatic Cellulose International Corp. (pending name change to Valor Energy) is an energy company engaged in oil and gas development, redevelopment, drilling and production. The Company also owns all rights to Tiger-Lynk(TM), a patented large-scale robotic manipulator technology designed to significantly enhance performance, safety and efficiency in a wide range of underwater operations. The Company owns non-operating interests in oil and gas fields located in Texas. Aquatic is focused on the redevelopment of these fields and other fields with a proven track record of production while also expanding into exploration and development of new properties. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "ACT"). In particular, when used in the preceding discussion, the words "estimated," "believe," "optimistic," "expect," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the ACT and are subject to risks and uncertainties, and actual results could differ materially from those expressed in forward-looking statements. Such risks and uncertainties include, but are not limited to, unfavorable market conditions, increased competition, limited working capital, and failure to implement business strategies, actions by regulatory agencies, and other risks.
Contact
Aquatic Cellulose International Corp.
Sheridan B. Westgarde, President & CEO
Investor Relations
Phone: (503) 502-5104
Fax: (250) 558-3846
Email: info@valorenergy.com



