EUSTACE, Texas and DALLAS, March 26,
2013 /PRNewswire/ -- (OTC PINK: PDGO) and (OTC PINK:
ERAO) Paradigm Oil and Gas Inc., and Energy Revenue of America,
Inc. are pleased to announce that effective Friday March 22, 2013 Vince Vellardita became the
President of both PDGO and ERAO. The management of both companies
believes that it is in the best interest to share common management
at this time; based upon the initial discussions. Further,
financial commitments are to be handled by Mr. Vellardita on behalf
of both companies. In addition, it is believed the size and
magnitude of the commercializing 65 miles of natural gas pipeline,
developing and executing the drilling programs for the leases in
East Texas and the 3,000 acres in
Northwest Oklahoma would best be
handled under the direction of Vince
Vellardita.
The vision is to earn revenue from three divisions 1.) Oil
Production, 2.) Natural Gas pipeline transportation fees and
sales of Natural Gas produced from Leases, and 3.) Revenue earned
from our Centurion Technology. East Texas will be the focus
for Oil production with the Clark Lease beginning the ground work
which started last week. Due to heavy rain and soft ground in
the area we were required to lay a partial access road to the well
head and the well pad. Ground crews and setup workers are on the
Clark Lease this week preparing, sourcing equipment and meeting
with rig operators to begin the work and start pumping oil.
Both companies have been working with the legal firm in an
effort to finalize the details and close the transaction as soon as
possible. "The most important part is the financial side which will
support the development production of producing natural gas and the
transaction is scheduled to close 10 business days from today,"
stated Vince Vellardita.
About Paradigm Oil and Gas, Inc.
Paradigm Oil and Gas, Inc. (OTC Pink: PDGO) is a dynamic company in
business to provide both 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. Paradigm Oil & Gas has
several proven oil production leases and options for many more and
also holds the rights to the Centurion Technology and owns rigs
that target the shallow stripper wells.
For more information about Paradigm Oil and Gas, visit the
website at: www.paradigmpdgo.com. If you wish to be added to
PDGO's mailing list, please email: vince@paradigmpdgo.com
About Energy Revenue America, Inc. (OTC: ERAO). ERA was formed
to become an equity partner in various energy deals. Their goal is
to recognize the value in a transaction and provide the capital to
enhance the value of those projects, to the benefit of all parties.
ERA presently owns a 65 mile pipeline and 3,000 acres along
it providing natural gas production. They have many existing
wells requiring re-work into the natural gas plays and transporting
third party natural gas production to their purchaser.
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.
Contact:
Vince Vellardita, President
Paradigm Oil and Gas, Inc.
vince@paradigmpdgo.com
1-727-595-8101
SOURCE Paradigm Oil and Gas, Inc.