Georgetown Corporation Announces Corporate Management Changes
04 Giugno 2012 - 7:38PM
Marketwired
GEORGETOWN CORPORATION (OTCBB: GTCP) announced today that it has
appointed Glenn Houck Sr. as Director, James H. Ruth as Director
and Secretary, Carl W. Swan as CEO, and Thomas Seifert as CFO and
Treasurer of the company.
The expanded leadership team includes veterans of the Oil &
Gas Industry and professionals from the business community. The
Officers, along with the Directors at Large, will ensure that the
purpose of Georgetown continually remains current, relevant, and
on-course to meet the ongoing goals and objectives of the company,
and its stakeholders.
The company will continue with its original mandate of
exploration, but will also seek to provide specialized oilfield
services and equipment primarily to independent and major oilfield
companies engaged in the exploration, production and development of
oil and gas properties throughout the United States.
Glenn Houck, Sr. has been appointed outside Director of the
company. He worked in the oilfield tubular material inspection
industry for 38 years. He founded Star Pipe Service, Inc. in April
of 1985 and has served as its President until present day. In light
of Mr. Houck's years of experience in the oilfield material
inspection industry, the Company believed it was in its best
interests to appoint Mr. Houck as a Director.
James Harley Ruth has been appointed Director and Secretary of
the company. He has operated an accounting and general business
consulting practice since 2001. His business experience includes
assignments with manufacturers to software companies. Mr. Ruth was
also a Senior Consultant with Oracle Corporation where he
participated in the implementation of Oracle Financial Software for
large multinational customers. These experiences will greatly
contribute to his positions as Secretary and Director of the
Company.
Mr. Swan has had a long and distinguished business career in the
oil industry. He has over 50 years experience in the energy and
related resources business. Mr. Swan established Swan Petroleum
Corporation in 1976 and continues to serve as its President. Prior
to Swan Petroleum, Mr. Swan has owned and operated numerous other
successful Drilling Companies, including Intrepid Drilling,
Continental Drilling, Longhorn Oil and Gas Company, Basin Drilling
amongst others.
Thomas Seifert was appointed as Chief Financial Officer and
Treasurer due to his financial management expertise and prior
positions as a CFO. He has more than 13 years of general
management, global operations and financial management expertise.
Mr. Seifert is a Managing Partner at Grannus Capital and a
principal of Rocky Mountain Advisors Corp. where he provides
management and financial advisory services. Prior to this he served
as Chief Financial Officer and Board Member at World Surveillance
Group, where he was responsible for overseeing acquisitions,
corporate strategy, treasury activities, tax planning, accounting,
reporting, internal audit and investor relations.
D. Melvin Swanson says, "I verily believe that this newly
expanded leadership team will be able to create new opportunities
for growth, develop major projects effectively, acquire new
companies, and generate exceptional shareholder returns."
Please refer to the company's 8K filing for more information
about these material events.
About Georgetown Corp.
Georgetown is an exploration or exploratory stage company
involved in the examination and investigation of land that may
contain valuable minerals. The Company plans to continue its growth
organically, search for new acquisitions, and expanding
geographically. It also plans to provide oilfield services and
equipment to independent and major oilfield companies in
exploration, production and development of oil and gas properties,
domestically and in selected international markets.
For more information about Georgetown Corp. please contact:
Investor Relations Department 1-877-646-0090 Email Contact
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