DP Charters Inc. Announces Appointment of Oil and Gas Executive.Business Editors CAPISTRANO BEACH, Calif.--(BUSINESS WIRE)--Dec. 19, 2000 DP Charters Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DPCH DPCH Dedicated Physical Channel DPCH Dutch Power Cows Hitparade (distributed computing team statistics) DPCH Dedicated Pilot Channel ) Tuesday announced that TriLucent Technologies, which is to be acquired as a wholly-owned subsidiary, has appointed Donald G. Russell to its advisory board. Russell will also assist the company in developing long-term operational strategies for its continued growth as well as exposing the company to his innumerable contacts within the industry. Russell currently is the 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 Prime Natural Resources Inc., an oil and gas exploration firm located in Houston. He is the ex-chairman of Sonat Exploration (NYSE NYSE See: New York Stock Exchange :SNT SNT Safer Neighbourhood Team (UK) SNT Scalable Network Technologies, Inc. SNT Syntrophin SNT Serial Number Tracking SNT Surgical Navigation Technologies (Medtronic) SNT Serum Neutralization Test ), which was acquired by El Paso Energy Corp. (NYSE:EPG (Electronic Program Guide) An online listing of TV or other programs. Periodically, EPGs are downloaded into set-top boxes so that viewers can preview offerings by time or category and set reminders. ). He is also the past president of Shell Development (USA), which is currently a subsidiary of BP-Amoco (NYSE:BP). Russell currently sits on the boards of Grant Geophysical and Tidewater Inc. "The addition of Don Russell to our advisory board brings immeasurable oil and gas management experience to TriLucent. His past successes in developing large oil and gas concerns will benefit TriLucent as we grow. We hope to become a significant factor in the oil and gas industry," indicated Jerry Witte, TriLucent's CEO. Recently, TriLucent has made presentations to several large, private oil and gas firms in Houston for joint venture work on acreage blocks. TriLucent will exchange results of hydrocarbon readings using its patented technology for working interests in wells drilled in these acreage blocks. This strategy enables TriLucent to manage its overhead while maximizing upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar of successful well completions. The company plans on changing its name to TriLucent Technologies Corp., or a substantially similar name as well as change its trading symbol Trading symbol See: Ticker symbol . For more information about TriLucent Technologies, visit www.trilucent-technologies.com. Safe Harbor Statement under the 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: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of DP Charters Inc. (the company) to differ materially from those expressed or implied by such forward-looking statements. (Such factors include, among others, the risk factors contained in the company's Annual Reports and other filings with the Securities and Exchange Commission.) In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. The company will remain dependent upon future financing for its growth and development, and for it to successfully implement its business plan. No statement contained herein should be construed as indicating that such financing is or will be available, and if available, will be on terms favorable to the company. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof. |
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