American Southwest Holdings Inc. Appoint New Director and Manager.Business Editors PHOENIX--(BUSINESS WIRE)--Aug. 15, 2000 American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Southwest Holdings Inc. (OTC-BB:ASWT) -- Technical due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. on the previously announced Chinese Chinese, subfamily of the Sino-Tibetan family of languages (see Sino-Tibetan languages), which is also sometimes grouped with the Tai, or Thai, languages in a Sinitic subfamily of the Sino-Tibetan language stock. oil transactions is continuing. -- The company has entered into an additional Memorandum of Understanding (MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. ) with the Wayaobao Drilling and Mining Co. to conduct due diligence on the Fuchang Oil Region in the Zichang County, in the Shaanxi Province. The major thrust will be to increase oil production levels from this field, utilizing modern western extraction technologies. -- The company has recently conducted a strategic corporate review of its activities in China. As a result of the due diligence process currently in progress, the company has become aware of additional business opportunities in China. A decision has now been made to proceed with a review of some of these additional, "non-oil" opportunities. -- In keeping with this review and all aspects of business activities in China, the company will be strengthening its Board of Directors and its Management team with the following appointments: Peter Holsworth FCA FCA Abbreviation for the Free Carrier , Sydney, Australia, has been appointed to the Board of Directors of the company. Holsworth is a director of numerous private companies involved in commodity development, commodity trading, marketing and international finance. During his business career, he has owned and managed successful businesses both domestically and internationally. He brings to the company a wealth of experience and business contacts through his local and international associations. Holsworth has a great deal of experience of business in China and he is a member of the Institute of Chartered Accountants char·tered accountant n. Chiefly British Abbr. CA A member of one of the institutes of accountants granted a royal charter. in Australia. Steven Liu, Sydney, Australia, has been appointed Vice President China Corporate. Liu, originally from Beijing, China, has been based in Sydney, Australia for the last 10 years. In China, he worked for the Central Governments Department of Foreign Economics and Trade. He has consulted to a wide range of businesses including chemical, machinery, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and oil. We welcome both new appointments and believe that their combined experience in doing business in China will be very beneficial to the company. Alan Doyle Alan Thomas Doyle is one of the lead singers of Canadian Celtic band Great Big Sea. Born Alan Thomas Doyle, to Thomas and Regina Doyle in Petty Harbour, Newfoundland, Canada, on 17 May 1969, Doyle grew up surrounded by music. President and Chairman |
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