Adair International Oil and Gas Inc. Announces Its Annual 2002 Shareholders Meeting.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--June 20, 2002 John W. Adair, chairman 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 Adair International Oil and Gas Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AIGI AIGI Assistant Inspector General for Investigations (US government) AIGI Adair International Oil and Gas, Inc. ), announced today the proxy ballots have been printed and will be mailed out on Tuesday June 25, 2002 for the Annual Meeting of Stockholders to be held on July 15, 2002 at 9:00 a.m. Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the time, in the Chase Center Auditorium (Downtown), 610 Travis, Houston, Texas 77002. The record date for the meeting was set as of the close of business on Monday June 17, 2002. Mr. Adair also announced the new prospective board member is Dr. John Eftekhar, Ph.D., who has been a shareholder for over a year. The other prospective member along with John W. Adair is Mr. Jalal Alghani, who is a current member. The previously mentioned individuals along with Adair are the prospective Board of Directors for the coming year. John W. Adair and Mr. Jalal Alghani received approximately 97% of the shareholders' vote during last year's election. Adair is presently in a proxy fight Proxy Fight When a group of shareholders are persuaded to join forces and gather enough shareholder proxies to win a corporate vote. This is sometimes also referred to as a proxy battle. Notes: This term is mainly used in the context of takeovers. with some former employees against whom the company has filed suit. If any shareholder has voted for the candidates that are supported by the SCORE Group, they may change their vote by re-voting once the shareholder receives their appropriate proxy material from Adair. All current projects under development, which include the 600MW natural gas power plant in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , the Co-Generation plant and Block 20 exploration in Yemen, were developed by the present management. "With the addition of Dr. Eftekhar to our board our focus will be the financing of our projects including acquiring domestic cash producing oil and gas properties that will give the company revenue. It might be noted that two of the prospective board members the SCORE group have nominated are not shareholders and have never been stockholders in Adair," stated John W. Adair. Your vote and interest in Adair International Oil and Gas Inc. is appreciated. This news release contains forward-looking statements within the meaning of 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 that involves risk and uncertainties, including exploration, development, operational, marketing and implementation risks, other facts described from time to time in the company's publicly available SEC reports and other public information which could cause results to differ materially. |
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