CAVU Resources Appoints New Advisory Board Expense Committee
September 30 2013 - 10:00AM
Access Wire
TULSA, OK, September 30, 2013- (eTeligis via ACCESSWIRE)- CAVU
Resources, Inc. (OTC Pink: CAVR) announces the appointment of an
Advisory Expense Committee - in order to guide the Company's
corporate expenditures and to mange expenses.
Advisory Expense Committee Appointees: Mark McLaughlin, John
Strawn, Esq., and William Robinson. "Just as the Advisory Board has
brought structure and order to CAVU's business, likewise the
Advisory Expense Committee aims to oversee the expense side of
CAVU's business, especially important as CAVU is expecting much
improved revenues in the 4th quarter, 2014 and beyond," stated
Chairman of the advisory committee Mark McLaughlin.
"The mission of this Advisory Expense Committee is to better
CAVU's integrity and efficiency through responsible expense
controls, as well as improving the Company's accounting processes.
We have taken this step for CAVU's shareholders and believe this is
the first action in aligning the company for an eventual
up-listing," stated John Strawn Esq.
"We have created this committee to insure CAVU's shareholders
moving forward that we have the necessary guidelines in place for
full transparency for our investors. As we continue to execute our
business plan designed to increase our revenues, grow CAVU's assets
and reduce debt. We plan to consolidate all short term vendors and
the balance of our existing debt into a more manageable long-term
debt, now that we are producing consistent cash flows. We also plan
to form finance and audit committees from existing management and
advisory board members to insure this is properly executed we need
defined structure in place for full, monetary accountability,"
stated William Robinson, President.
About CAVU Resources, Inc.
CAVU was formed with the goal of becoming a
recognized regional player in the independent oil and natural gas
industry by growing the company's oil and natural gas reserves.
CAVU is a natural resource company engaged in the acquisition,
exploration and development of oil and natural gas properties. The
Company operates in the upstream segment of the oil and gas
industry with planned activities including the drilling, completion
and operation of oil and gas wells in Oklahoma, Texas, Kansas and
Louisiana. CAVU's operating subsidiary, CAVU Energy Services, Inc.,
licensed Oil and Gas Operating Company manages the company's
properties in Oklahoma with plans to operate targeted leases in
Texas, Kansas and Louisiana. More information is available at the
company's website at
http://www.cavu-resources.com.
Cautionary note: This report
contains forward-looking statements, particularly those regarding
cash flow, capital expenditures and investment plans. Resource
estimates, unless specifically noted, are considered speculative.
By their nature, forward-looking statements involve risk and
uncertainties because they relate to events and depend on factors
that will or may occur in the future. Actual results may vary
depending upon exploration activities, industry production,
commodity demand and pricing, currency exchange rates, and, but not
limited to, general economic factors. Cautionary Note to U.S.
investors: The U.S. Securities and Exchange Commission specifically
prohibits the use of certain terms, such as "reserves" unless such
figures are based upon actual production or formation tests and can
be shown to be economically and legally producible under existing
economic and operating conditions.
Contacts:
CAVU Resources, Inc.
William Robinson, Chairman
Louis Silver, CEO
302 east 10th
Street
Tulsa, OK 74120
Email: info@cavu-resources.com
Website: www.cavu-resources.com
855-766-4695
SOURCE: CAVU Resources, Inc.
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