Admiral Bay Welcomes Vern Swanson to the Board.DENVER -- Admiral Bay Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ADB (Apple Desktop Bus) A low-speed serial bus for connecting keyboards, mice and other input devices on Apple IIgs and Macintosh computers. Starting with the iMac in 1998, the ADB was superseded by USB. ) is pleased to welcome Mr. Vern Swanson to the Board of Directors of Admiral Bay. E[acute accent]Mr. Swanson is a successful Denver area businessman with significant financial and growth company experience. He received his 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. certificate in 1976 and has worked in public and private accounting. E[acute accent]Since that time, Mr. Swanson founded Topperscot, Inc., a company in which he was instrumental in building and operating the company to become the largest domestic manufacturer of specialty Christmas ornaments. Mr. Swanson was instrumental in taking the company full circle from start-up to selling to an investor group. E[acute accent]More recently, he has taken an active ownership position in a struggling plastics forming company and turned it around to the point of expansion. Mr. Swanson is also involved in taking a multiple well project out of bankruptcy involving both convention and unconventional wells in the Powder River Basin The Powder River Basin is a region in southeast Montana and northeast Wyoming about 120 miles east to west and 200 miles north to south known for its coal deposits. It is both a topographic drainage and geologic structural basin. in Wyoming and helping it re-establish production. E[acute accent]The Company also announces that it has granted 1,250,000 options to officers, and directors of the Company to purchase common shares at $1.00 per share, subject to regulatory approval. E[acute accent]Admiral Bay Resources Inc. (www.admiralbay.com) is an emerging coal bed methane (CBM CBM Commodore Business Machines CBM Coalbed Methane CBM Christoffel Blindenmission CBM Condition Based Maintenance CBM Confidence-Building Measures CBM Curriculum Based Measurement (education) CBM Cubic Meter ) production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol ADB. E[acute accent]Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. 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. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements". E[acute accent]The TSX Venture Exchange does not accept responsibility for the ad equacy of this release E[acute accent]Admiral Bay Resources Inc. (TSX VENTURE:ADB) |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion