W.A. ''Bill'' Alexander, Former Kirby Exploration, VP of Engineering & Operations, Named Chief Operating Officer of TX Holdings, Inc.MIAMI BEACH Miami Beach, city (1990 pop. 92,639), Dade co., SE Fla., on an island between Biscayne Bay and the Atlantic Ocean; inc. 1915. It is connected to Miami by four causeways. , Fla. -- TX Holdings, Inc. (Pink Sheets:TXHG) is very pleased to announce that it has hired W.A. "Bill" Alexander as its Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Mr. Alexander joins the Company with extensive experience in all areas of petroleum engineering, field operations and reservoir engineering Reservoir engineering is a branch of petroleum engineering, typically concerned with maximizing the economic recovery of hydrocarbons from the subsurface. Of particular interest to reservoir engineers is generating accurate reserves estimates for use in financial reporting . Most recently, he provided consulting expertise to the Energy Industry, was a General Manager at Natomas, N.A., and was the VP of Engineering and Operations at Kirby Kirby is a common place name, surname, and given name. Other common uses include:
Exploration Company (NYSE NYSE See: New York Stock Exchange :KEX). Previously, he spent over 15 years at Shell Oil (NYSE:RDS (1) (Remote Data Services) A set of programming interfaces from Microsoft that enables users to update data on the Internet or intranets from their ActiveX-enabled browser. ) where he served in various positions, including petroleum engineer, field engineering coordinator-marine division, until such time that he was a reservoir engineer and drilling supervisor. He eventually became Division Petroleum Engineer in Houston where he was responsible for all petroleum engineering functions in east, central and south Texas, including Texas offshore. Mr. Alexander brings with him an incredibly wide array of knowledge in every aspect of engineering, operations and production; and will be instrumental in assisting the Company as it moves forward with its business plan. "I am excited about joining TX Holdings and am confident that we can bring the wells from their current marginal production into full producing status in the very near future," says Mr. Alexander. As previously stated, funds from the Private Placement will be utilized in part for the recompletions and work-overs of the Williams, Parks and Contract Area 1 leases. Mr. Mark Neuhaus, Chairman and President, stated, "We continue to work hard to develop a comprehensive strategy for the acquisition and development of these and additional oil and gas leases. Hiring Mr. Alexander is the next step which will help the Company to get the leases into production as quickly and efficiently as possible. We are happy to see this project moving forward and are confident that TX Holdings is well positioned to acquire additional leases and options on properties with proven and provable reserves." About TX Holdings, Inc. TX Holdings, Inc. is an emerging oil and gas exploration, development and production company, focusing on opportunities in primarily the Eastland and Callahan counties in Texas. TX Holdings is currently exploring a number of potential acquisition targets in the region and hopes to announce them soon. 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 The information provided in this Press Release does not constitute an offer or a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer for the purchase or sale of any shares or other securities of TX Holdings, Inc. There are substantial risks associated with investing in development stage energy exploration companies. No securities commission or similar authority has in any way approved any of the information contained in this press release. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This press release and other statements by TX Holding Inc. may contain forward-looking statements within the meaning of 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 with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions. |
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