HARRISON, NEW YORK - August 5, 2025 (NEWMEDIAWIRE) - Metawells Oil & Gas Inc. (OTC Markets: KOSK), a development-stage energy company, is pleased to announce that it is actively pursuing a strategic acquisition in the artificial intelligence (AI) technology sector.
This initiative marks a significant milestone as Metawells explores diversification opportunities beyond traditional oil and gas operations. The company is currently engaged in advanced discussions with a prospective target in the AI field, reflecting its vision to align with high-growth technology sectors and enhance long-term shareholder value.
“Our pursuit of this acquisition is part of a broader strategy to embrace innovation while maintaining our roots in energy,” said Ronald Minsky, Chairman and CEO of Metawells. “We believe that combining traditional resource expertise with emerging AI technologies can unlock new operational efficiencies and create future-facing opportunities for our company.”
Further updates will be shared as the company progresses through due diligence and negotiation phases.
About Metawells Oil & Gas Inc.
Metawells Oil & Gas Inc. (OTC Markets: KOSK) is a holdings company founded in the State of Nevada and engaged in two sectors, the energy sector and the sector of technology. The Company is set to forge strategic collaborations and develop both business segments to accelerate the company growth.The company is also expanding its portfolio to include emerging technology ventures with the aim of building a diversified and resilient business model.
Forward-Looking Statements:
Safe Harbor Statement - In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency, profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
Contact Information
For more information contact:
Ronald Minsky, President
Phone: (212) 381-8029
contact@metawellsinc.com
