Beechwood Properties Increases Ownership Stake

Management Now Owns 51.24% of Outstanding Shares

YOUNGSVILLE, LA / ACCESSWIRE / June 25, 2015 / (OTC: IDNG) – Independence Energy Corp. (the “Company”) announced today that Beechwood Properties, LLC has agreed to increase its ownership stake in the Company to 35.39%. Combined with the ownership stake of the Schreiber Family Trust, Daniel J. Schreiber, the Company’s Chief Executive Officer, and G. Darcy Klug, the Company’s Chief Financial Officer, now beneficially own 51.24% of the Company’s outstanding shares of common stock.

This release may contain forward-looking statements. Forward-looking statements are all statements other than statements of historical fact. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. The words “anticipate,” “may,” “can,” “plans,” “believes,” “estimates,” “expects,” “projects,” “targets,” “intends,” “likely,” “will,” “should,” “to be,” “potential” and any similar expressions are intended to identify those assertions as forward-looking statements.

Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties. In evaluating forward-looking statements, you should consider the various factors which may cause actual results to differ materially from any forward-looking statements including those listed in the “Risk Factors” section of our latest 10-K report. Further, the Company may make changes to its business plans that could or will affect its results. Investors are cautioned that the Company will undertake no obligation to update any forward-looking statements.

Media Contact:

Julie Calzone
(337) 235-2924
jcalzone@calzone.com

Company Contacts:

Daniel J. Schreiber, CEO
(858) 509-8800

G. Darcy Klug, CFO
(337) 269-5933

SOURCE: Independence Energy Corp.

ReleaseID: 430152