DALLAS, TX -- (Marketwire) -- 09/26/08 -- Platina Energy Group, Inc. (OTCBB: PLTG) (FRANKFURT: O5Y) reports oil and gas revenues from the Kentucky field for July that exceeded all of the Company production income from the prior quarter .

Blair Merriam, President of Platina stated, "Despite the fact that gas prices dropped by over 1/3, we managed to accrue oil and gas income in July that we have now collected that exceeded our entire production revenues for the previous quarter . Albeit that Platina reports income on an accrual basis, a production check in hand for this amount is significant ," stated Blair Merriam, President of Platina.

In a time where uncertainties in the economy have placed downward pressure on the general stock market, Platina has now created consistent wellhead production that it believes will position the Company for new investor interest both from a "proved" reserve perspective as well as from an oil and gas production potential .