Corporate Vision Inc. Forms Natural Resources Division.TULSA, Okla.--(BUSINESS WIRE)--June 14, 1999-- Corporate Vision Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CVIA CVIA Computer Virus Industry Association ) has formed CVI CVI C (Language) Virtual Instrument CVI Clinical and Vaccine Immunology (journal) CVI Chronic Venous Insufficiency CVI Coastal Vulnerability Index CVI Canaan Valley Institute Resources, this division will participate in natural resources and energy production. The Corporate Vision Board of Directors appointed Craig Treiber President 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 this new division. Mr. Treiber has over 20 years experience in this field of expertise is a graduate of University of CT with honors with distinction. CVI Resources has entered into an oil and gas well project with ROCO Petroleum Inc. a 19 year old, Abilene TX. Based oil and gas production company. ROCO presently operates forty-three producing wells. ROCO founder Rod Copeland is a former Executive of Harken Energy Corporation (AMEX AMEX See: American Stock Exchange : HEC HEC Hautes Études Commerciales HEC Hautes Etudes Commerciales (French) HEC Higher Education Commission (Pakistan) HEC Hydrologic Engineering Center (Davis, CA) ) and has in excess of 25 years experience in oil and gas drilling and production. The first project (The Hodges X-1) is scheduled to begin drilling in July 1999. The Hodges X-1 will be a multiple pay zone venture, which lies in the prolific Noodle Dome formation located in Southwest Jones County Texas. The proposed drill site is triangulated among currently producing wells, with potential reserves exceeding 300,000 barrels of premium Intermediate West Texas grade oil. CVI Resources has also began a gold mine tailings Tailings (also known as tailings pile, tails, leach residue, or slickens[1]) are the materials left over[2] after the process of separating the valuable fraction from the worthless fraction of an ore. recovery project located in Southeast Utah. Results from tests currently underway, projected costs of production is estimated to be less than $125.00 to $150.00 per ounce of gold. Due to the size and complexity of the CVI Resources, reserves ongoing studies and calculations of the reserves are expected to continue for the following 4 to 5 weeks. Corporate Vision Inc. President CEO Keith A. Anderson issued this statement to the investors. " We at CVIA are pleased to announce the formation of this new subsidiary company of Corporate Vision. We have not deviated from our original business model of Investment Banking and as a holding company, but rather adding diversification and revenue enhancements to our high tech and Internet holdings. We feel these and other scheduled CVI Resources projects are relatively low risk and even with these market sectors being somewhat depressed,CVI Resources will be capable of positive cash flow operations from the highly discounted costs of operations in these market sectors." |
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