Matrix establishes credit facility with Abrams Centre Bank

Dallas, TX

Matrix announces the pending closing of a new credit facility with a line of credit of approximately $2 Million with accounts to be held at the Abrams Centre Bank located in Dallas, Texas. This bank is the first energy bank for Matrix as all previous banking had been performed primarily with real estate transaction groups in California. All credit aspects of Matrix that were positioned in the Bank of Montecito, Santa Barbara, CA will be transferred to the Dallas bank. Matrix will continue to hold operating accounts at the Bank of Montecito for local business purposes. Matrix is to work with energy specialist and Vice President, Mr. Toby Engelmann, who will assist Matrix with all future banking needs in its strategy to purchase additional oil and gas assets both in California and in Texas.