RedChip Visibility, a division of RedChip Companies, Inc., announced that it has issued a first quarter 2007 research update on Knight Energy Corp. Commenting on the quarter, Clay Mahaffey, CFA, RedChip Research Analyst, stated, ``Although inclement weather slowed production in Q1, KNEC made notable progress in other arenas. Key financial measures, such as price/sales and price/operating cash flow, have improved significantly from last year and we expect this trend to continue. In addition, KNEC filed its amended Form 10. This is a positive step and we expect KNEC to list on the AMEX in Q3.''

Knight Energy Corp., established on March 2, 2006, is a holding company formed to acquire, develop, own, operate and invest in energy-related businesses, assets and investments. The Company's strategy is opportunistic lease acquisition, drilling rig ownership and operation, and aggressive capital funding for drilling programs.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products.