Xtreme Oil & Gas, Inc. Announces Purchase a Majority of Outstanding Shares in Small Cap...

PLANO, Texas--(BUSINESS WIRE)--Xtreme Oil & Gas, Inc. (Pink Sheets: XTOG - News) is pleased to announce that it has acquired slightly more than 51% of the outstanding shares in Small Cap Strategies, Inc. (OTCBB: SMCA - News ), a fully reporting business development company based in Las Vegas, Nevada. In connection with the acquisition of this interest, Xtreme Oil & Gas, Inc. is exploring the financing assistance and strategic relationships permitted and available. Business development companies (“BDCs”) are public companies that have elected to be governed under the Investment Company Act of 1940 with the dual purpose of providing financing and managerial assistance to small growing businesses which represent more than 80% of new job creation in this country. “Given the number of smaller companies in the Oil & Gas Industry... [read full story]