3DX Technologies Inc. Announces Appointment of Finance Officer.HOUSTON--(BUSINESS WIRE)--June 12, 1998--3DX Technologies Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :TDXT) today announced that Russell L. Allen has joined the Company as Vice President of Finance and Chief Financial Officer. Mr. Allen brings 30 years of oil and gas business and financial experience to the 3DX team. He was Senior Vice President, Chief Financial Officer and a Director of Adobe Resources Corporation from 1987 until 1992. Before that he was Chief Financial Officer for Weeks Petroleum and Treasurer and Chief Accounting Officer for Damson dam·son n. In both senses also called bullace, damson plum. 1. A Eurasian plum tree (Prunus insititia) cultivated since ancient times for its edible fruit. 2. Oil. Since 1993 he has been a full-time Financial and Management Advisor to several energy and technology firms. Mr. Allen is a CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. and holds an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration and BBA from the University of Texas at Austin “University of Texas” redirects here. For other system schools, see University of Texas System. The University of Texas at Austin (often referred to as The University of Texas, UT Austin, UT, or Texas . Mr. Allen will take over all of the responsibilities of Randall Keys who has resigned as Vice President and CFO See Chief Financial Officer. of the Company to become CFO of Consolidated Graphics Inc., a Houston-based public company. Ronald P. Nowak, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 3DX commented: "We are indeed fortunate to have Russell working with us. His experience and stature with the financial community will be a great asset as we build the Company's business opportunities. I would like to thank Randy for his past contributions and wish him the best in his future endeavors." 3DX Technologies Inc. is a knowledge-based oil and gas exploration company whose core competence and strategic focus is the utilization of 3-D seismic imaging and other advanced technologies in the search for commercial quantities of hydrocarbons. Certain statements in this news release regarding future expectations and plans for oil and gas exploration, development and production may be regarded as "forward looking statements" within the meaning of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act. They are subject to various risks, such as operating hazards, drilling risks, and other uncertainties inherent in the business of exploring for, developing and producing oil and gas which may be beyond the Company's control. These risks are discussed in detail in the Company's Annual Report on Form 10-K for the year ended December 31, 1997, as well as other filings with the Securities and Exchange Commission. There can be no assurance that the Company's exploration activities will be successful in meeting the Company's expectations.
CONTACT: 3DX Technologies Inc., Houston
Ronald P. Nowak or Russell L. Allen, 281/579-3398
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