|By PR Newswire||
|January 7, 2013 02:11 PM EST||
EUSTACE, Texas, Jan. 7, 2013 /PRNewswire/ -- Paradigm Oil and Gas, Inc.'s (PDGO) President, Vince Vellardita announced today that he has hired the final members of the Company's Advisory Board which will bring a wealth of knowledge and expertise to Paradigm Oil & Gas.
Mr. Vellardita has hired Mr. Britt Brooks to the Advisory Board. Mr. Brooks contributes 16 years of experience in oilfield management, drilling and oilfield finance. In addition, he brings 19 years of experience in Small Cap Finance and Public Company Advisory and many accomplishments, one being the Co-Founder, Officer and Director of TexCom, Inc., an Environmental Company that grew at a 42% rate from 2007 to 2011, reaching a revenue run rate of $11 million in March 2012 and with net profit margins of 28% in the final two months of his tenure.
Also added to the Paradigm Oil and Gas Advisory Board is Mr. Christopher P. Scully. Mr. Scully is a 36 year veteran in the oil and gas exploration/exploitation business; operating production in both onshore and offshore in Texas and Louisiana. He has drilled/participated in over 350 explorations wells in 12 States and the Country of Turkey. Some of Mr. Scully's notable accomplishments include, being the Principal in the Investment Group that took private Burlington Gas Seam Royalty Trust (NYSE) in a $140MM transaction as well as being the Principal in the Exploration Group that took PetroSearch (PSCP) public.
The Advisory Board is completed with the hire of Mr. Weldon Cude, who has been in the oilfield since his early teens, and his Companies have remarkably drilled over 6,000 wells throughout his career. Mr. Cude is the Founder of Premium Drilling, who operated 8 Oil & Gas Rigs, 6 Water Drilling Rigs and managed 400 employees with revenues exceeding $38 Million. He also founded Supreme Vacuum Services, building up to 26 trucks within 18 months. Mr. Cude is recognized for his 24 consecutive years of service as Commissioner for Atascosa County in Texas, also as Businessman of the Year in 1990, Young Citizen of the Year in 1988 and held the position of Director at The County Bank from 1990 to 1996.
"When I first met Vince, we discussed the future in the Oil & Gas Industry and I never realized a man from his background in the Public / Entertainment arena knew so much about our industry. We share the same vision for the future of our industry and of the United States."
Christopher Scully stated, "What I like best about Paradigm Oil & Gas is the way they are positioning themselves not only to have the goal of streaming oil barrels with huge revenue potential but also in adding another revenue stream in the capping analysis and cleanup process with the Centurion technology."
Weldon Cude stated, "I am very excited in joining this aggressive team of executives who have set their mission and have the vision for growth in the Oil & Gas Industry."
"I have now completed the process of hiring a strong Advisory Board who will ensure that the Company moves forward with our Business Plan and other projects that will come in the near future. I'm looking forward to the start of drilling and pumping oil in the coming weeks and finding new revenue streams for Paradigm Oil & Gas; making this a well deserved and perfect year end for the Company," stated Vince Vellardita, President of Paradigm Oil and Gas.
About Paradigm Oil and Gas, Inc.
Paradigm Oil and Gas Inc. (OTC Pink: PDGO) is a dynamic company in business to both provide service work to the oil and gas marketplace and to produce oil. Paradigm's goal is to identify oil producing wells and use modern technology to make them profitable based on modern commodity pricing. For more information about Paradigm Oil and Gas, visit the website at www.paradigmoilinc.com.
Forward Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Paradigm Oil and Gas, Inc., is a company with limited experience in the oil and gas industry. At the time of this release Paradigm Oil and Gas, Inc. lacks the financial capabilities to meet its financial obligations and its management expects to dilute the Company's shares to raise the necessary operating capital. Based upon industry standards Paradigm would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider are that this list is limited and additional risks not mentioned may apply: failure to meet Paradigm's financial and contractual obligations, Paradigm's managerial errors made based upon the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
Paradigm Oil and Gas, Inc.
SOURCE Paradigm Oil and Gas, Inc.
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