Victory Energy Corporation Appoints Kenneth Hill to Its Board of Directors
April 04 2011 - 10:00AM
Marketwired
Victory Energy Corporation (PINKSHEETS: VYEY), an oil and gas
exploration and development company, today announced the
appointment of Kenneth Hill to its board of directors. Mr. Hill
currently serves as vice president and chief operating officer for
the Company, responsible for managing operations, overseeing
contract negotiations, field oversight and administration at the
Company's Austin, Texas location.
Mr. Hill brings a broad array of corporate operations and
financial expertise to his position with the Company and as a newly
appointed member of the board of directors. Over the last
twenty-five years Mr. Hill has been an instrumental part of the
development and success of numerous well-known companies in a
variety of vertical markets. As one of the first twenty individuals
to be employed by Dell Computer Corporation, he gained a
diversified set of practical hands-on experiences during his
tenure. His previous oil and gas experience involved a successful
turnaround of a publicly traded oil and gas company headquartered
in Australia.
More recently, Mr. Hill has used his expertise to help create
and improve business entities. He has been a team leader, a
consultant, a board member and a direct investor. His primary focus
has been centered on finding ways to take winning ideas, products
and companies to the next level by improving income, developing
customer-retention programs, streamlining operations, and
identifying competitive differentiators.
Robert Miranda, Victory Energy's chairman and CEO, stated, "We
are pleased to add Kenny to our board of directors. He is a team
builder with a unique set of management and technical skills,
instrumental in running the day-to-day operations of the Austin
office. The Austin team is working diligently to identify new oil
and gas development opportunities for the Company and increase our
asset portfolio. Kenny's extensive background in business
development, marketing, and strategic initiatives will be a
valuable addition to the board."
About Victory Energy Corporation
Victory Energy Corporation is engaged in the exploration,
acquisition, development, and exploitation of oil and gas
properties. The Company's current producing assets are located in
the state of Texas.
Victory Energy seeks to identify proven development prospects,
conduct thorough geological and engineering evaluations and then
target suitable farm-in partners for long term development of
additional prospects.
For more information, please visit our website www.vyey.com.
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995
There are forward-looking statements contained in this news
release. They use such words as "intend," "will," "may," "expect,"
"believe," "plan," or other similar terminology. These statements
involve known and unknown risks, uncertainties and other factors,
which may cause the actual results to be materially different than
those expressed or implied in such statements. These factors
include, but are not limited to: risks associated with the
implementation of the Company's strategic growth plan; legislation
and government regulation including the ability to obtain
satisfactory regulatory approvals; conditions beyond the Company's
control such as weather, natural disasters, disease outbreaks,
epidemics or pandemics impacting the Company's customer base or
acts of war or terrorism; availability and cost of materials and
labor; demand for natural gas; cost and availability of capital;
competition; the Company's overall marketing, operational and
financial performance; economic and political conditions; the
continued service of the Company's executive officer; adverse
developments in and increased or unforeseen legal costs related to
the Company's litigation; the success of the Company's strategic
partnerships and joint venture relationships; the Company's ability
to pay certain debts; adoption of new, or changes in, accounting
policies and practices; adverse court rulings; results of other
litigation in which the Company is involved; and other factors
discussed from time to time in the Company's news releases, public
statements and/or filings with the Securities and Exchange
Commission. Forward-looking information is provided by Victory
Energy Corporation pursuant to the safe harbor established under
the Private Securities Litigation Reform Act of 1995 and should be
evaluated in the context of these factors. In addition, the Company
disclaims any intent or obligation to update these forward-looking
statements.
CONTACT: Robert J. Miranda Chairman and Chief Executive Officer
714.480.0305 Investor Relations 714.227.0391
Victory Oilfield Tech (CE) (USOTC:VYEY)
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