ATI Petroleum Names Joseph A. Wagda Advisor to Executive Team.Chevron, Ford Motor Co., and Price Waterhouse veteran to help move ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. Petroleum forward SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- ATI Petroleum (Euronext: MLATP), the petroleum exploration management and operations company, announced today that Joseph A. Wagda has been engaged as an advisor to the executive team. Formerly a senior managing director with the Price Waterhouse corporate finance practice, Mr. Wagda brings more than 10 years of business experience in global oil and gas exploration and production activities, including prior membership on the board of directors of Abraxas Petroleum Corp. (Nasdaq: AXAS), an international E&P company. He also held management responsibilities with Chevron Overseas Petroleum Inc.'s finance staff, where he was involved with developing countries, including West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. , China, Brazil, Colombia and Australia, and was co chair of the international oil & gas finance conference held in Beijing and Guangzhou. "I am intrigued by ATI Petroleum's prospects, and believe my experience in this industry can help ATI Petroleum define a clear course for it to utilize its strengths to maximize shareholder value," said Wagda upon his engagement. Wagda joins ATI Petroleum having spent over seven years in 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. and COO positions at public and private manufacturing and business services companies. Upon becoming CEO in 2000 (and later chairman of the board) of BrightStar Information Technology Group, then a $50 million Nasdaq-listed company, Wagda raised the structured-equity funding that enabled the company to weather the subsequent deflation of the technology bubble. Additional past board-of-directors positions held by him include: American Heritage American Heritage can refer to:
"The addition of Joe Wagda's know-how to ATI Petroleum's strategic plan of acquiring natural resource prospects for exploration, exploitation and development will be instrumental to realizing shareholder value, operational excellence, and ongoing financial soundness," said Dr. Huu Duc Dinh, CEO and founder of ATI Petroleum's parent company, American Technologies, Inc. "Exponential growth Extremely fast growth. On a chart, the line curves up rather than being straight. Contrast with linear. for ATI Petroleum is on the horizon, and Joe will be a fantastic resource during this time of opportunity for the company." About ATI Petroleum ATI Petroleum is an exploration management and operations company engaged in negotiating and managing production sharing contracts for petroleum and other natural resources. The company evaluates, performs, and/or purchases geological and geophysical data regarding exploration sites throughout South East Asia East Asia A region of Asia coextensive with the Far East. East Asian adj. & n. and Africa, including offshore and onshore prospects. ATI Petroleum holds production sharing contracts for oil and gas exploration, as well as mining of precious minerals such as uranium and titanium, in locations including Vietnam, Niger, Tunisia, and the Ivory Coast Ivory Coast: see Côte d'Ivoire. . The company is a member of ATI Group and is listed on the French Stock Exchange, Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange. . Forward-Looking Statements Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to the integration of acquisitions and the ability to market successfully acquired technologies and products; the ability of the Company to effectively compete; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc third party intellectual property; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations; adverse results in 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. ; and changes in and a dependence on key personnel, as well as other factors. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. |
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