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.
Contact:
Vince Vellardita
Paradigm Oil and Gas, Inc.
vince@paradigmpdgo.com
1-214-736-3121
SOURCE Paradigm Oil and Gas, Inc.