CSLG Retains Chief Financial Officer; Prepares for Surge in Revenue Growth.HOUSTON -- Consolidated Oil and Gas, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CSLG.PK) is pleased to announce they have retained Douglas Newman as full-time Chief Financial Officer (CFO See Chief Financial Officer. ) of the company. Mr. Newman has eighteen years of experience as partner of 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. firm. Mr. Newman has also amassed fifteen years in the public industry where he has served as both 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 CFO of small publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . He has extensive SEC experience which includes IPO's and taking companies from the pink sheets to the bulletin board. Mr. Newman also has in all SEC filings. Mr. Newman has reviewed many oil and gas projects and served as an advisor to Companies on the pricing and structure of many projects. Mr. Newman, who has been consulting with Consolidated for the last eight months stated: "I was very impressed with Mr. Yeatman and the projects he has put together. His vision for the growth of Consolidated is very clear. I felt it worth while to give up my consulting practice to be on the ground floor of this opportunity." Mr. Yeatman stated: "As Consolidated seeks to move to the bulletin board and then to one of the exchanges, Mr. Newman will continue to be a great asset to the Company." Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: This press release may contain forward looking statements, as defined in the Securities Reform Act of 1995. Actual events or results may differ from Consolidated Oil & Gas, Inc. expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties: including economic conditions, and availability of timely financing for projects. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion