HOUSTON, TX--(Marketwire - Oct 1, 2012) - Tenguy World International, Inc. (PINKSHEETS: [ TGWI ]) announced today its new business strategy to its shareholders. Following a transaction where the majority of the interest in the Company was sold, Tenguy World International has launched a business strategy to pursue oil-drilling projects throughout the United States. Through acquisitions and partnerships, the Company will become a full service oil and gas company specializing in services and innovative technology that will increase production of its properties and provide licensing revenue for its technology from third parties in the oil and gas industry. 

In May 2012 the majority interest of the Company was purchased by Riverside Development Management, Inc., which is a private corporation engaged in oil and gas exploration and drilling. Riverside purchased its majority interest from the current CEO and Director of the Company.

About Tenguy World International, Inc.

The Company was originally incorporated in 1923 in the state of Colorado. Tenguy World International is a full service oil company that was organized to purse oil-drilling projects and innovative technologies used for oil and gas exploration throughout the United States.