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(OTCBB:ASPN) Aspen Exploration Corp. just released some important news.

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M2 PRESSWIRE-5 September 2008-Stockwire.com: (OTCBB:ASPN) Aspen Exploration Corp. just released some important news.(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:05092008

(OTCBB:ASPN) Aspen Exploration Corp.- Aspen Exploration to Open Data Room

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Thursday September 4, 1:25 pm ET

DENVER, CO-Sep 4, 2008 - Aspen Exploration Corporation , with offices in Bakersfield, California and Denver, Colorado, announced that Aspen's board of directors has decided to investigate strategic alternatives for Aspen, including the possibility of selling Aspen's assets or considering another appropriate merger or acquisition transaction for several reasons, including:

- the disproportionate cost of Aspen's general and administrative expenditures required as a result of compliance with the Securities Exchange Act of 1934, as amended (including the requirements of the Sarbanes-Oxley Act of 2002) when compared to Aspen's revenues and net income; - the board of directors' belief that the market price of Aspen common stock does not adequately reflect the inherent value of Aspen's producing oil and gas assets and undeveloped acreage, and thus the board of directors...

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