DENVER, Sept. 11, 2009 (GLOBE NEWSWIRE) -- Fischer-Watt Gold Company, Inc. (OTCBB:FWGO) has extended its marketing agreement with Moody Capital LLC until the end of 2009. Moody Capital, partnering with Baxter Capital Advisors, Inc., quickly realized significant gains for Fischer-Watt in investor and market-maker awareness, stock price and average daily trading volumes during their initial marketing term.
"We continue to see the positive results of the investor exposure from these programs and are looking forward to further gains in the coming months during this contract extension," said Peter Bojtos, President of Fischer-Watt.
Following its acquisition earlier this year of an extensive suite of uranium exploration properties in the western U.S., Fischer-Watt has recently been trading at its 12 month high.
George Beattie Retires from Fischer-Watt
After a mining career spanning 55 years, George Beattie recently retired from the Board of Directors of Fischer-Watt. George was the President and Chief Executive Officer of Fischer-Watt for 11 years and in that period he advanced the Company with an underground gold mining operation in Colombia and several copper and gold exploration programs in Mexico. Following his retirement from that position in 2005, George remained on the Board of Directors to share his wisdom and knowledge.
Fischer-Watt thanks George for his years of hard work and dedication to the Company and wishes him well in his retirement.
About Fischer-Watt
Fischer-Watt is a U.S. junior mine exploration company traded on the OTC BB under the symbol of FWGO. The Company's management team has a strong background in all facets of the mineral industry especially in exploration, production and financing.
The Company's focus is directed at advancing its newly acquired suite of uranium exploration properties. This portfolio of mineral claims and leases on over 50,000 acres in Wyoming, South Dakota and Arizona covers some of the most prospective uranium-bearing geology in the United States.
Nuclear energy generation and the demand for uranium is expected to continue to increase over the coming years as countries strive to generate large-scale, stable and economical power with a low carbon footprint. Fischer-Watt aims to be a future provider to power utilities of the basic mined source of their needed fuel, a non-enriched product known as yellowcake.
Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those projected in the forward-looking statements.