2009-01-28-2009-01-13

Bought 51% stake in co. with plans to acquire E&P interests in TX, OK.

Xtreme Oil & Gas Inc., Plano, Texas, (Pink Sheets: XTOG) has acquired slightly more than 51% of the outstanding shares of Small Cap Strategies Inc., Las Vegas, (OTCBB: SMCA) in a deal valued at approximately $350,000. Xtreme acquired approximately 400,000 shares at approximately $0.88 each from Small Cap chief executive Bryce M. Knight. Small Cap is a closed-end equity fund that has entered a deal to acquire certain oil, gas and mineral interests in Oklahoma and Texas. Xtreme chief executive Willard G. McAndrew III says, "Given the number of smaller companies in the oil and gas industry that are struggling to grow and take advantage of favorable energy prices, we believe that a strategic relationship with Small Cap Strategies will prove to be an invaluable benefit to the Xtreme shareholders."