Independence Energy Corp. Announces Changes to Management Team -- Experienced CEO to Lead New Development
March 09 2012 - 7:10PM
Marketwired
Independence Energy Corp. (OTCBB: IDNG) (the
"Company" or "Independence Energy") is pleased to announce the
appointment of Mr. Greg C. Rotelli as the new CEO and President of
the Company. Mr. Rotelli has been a member of the Company's board
of directors since November 2011 and brings significant public
company management and resource exploration experience to the
Company.
Over the last 30 years, Mr. Rotelli has held lead positions in
both technology start-ups as well as with established public
companies, including several oil/gas and precious metal exploration
and development companies. Since January 2000, Mr. Rotelli has been
a principal of Pacific Coast Capital Group, LLC, a privately owned
consulting group focused on oil and gas, mining, and financial
services.
Prior to his focus on the natural resources sector, Mr. Rotelli
held several senior management positions with technology and new
media companies, including; COO of Direct Stock Market, an online
investment bank for emerging growth venture capital financing;
Senior V.P. of Marketing for System Integrators, a newspaper
technology company whose systems were utilized by numerous
well-known clients, including the Financial Times London, Reuters
World Wide Wire Service, Oftenposten, Le Monde, the Los Angeles
Times, and many others; Senior V.P. of US Search, the largest
people and background search company on the Internet; and various
other new media, technology and finance companies.
Mr. Rotelli holds a BA degree in Classics from Brown University
in Rhode Island. He was also deemed a Distinguished Scholar at
Regent University in Virginia, where he received his MBA in
Marketing and Management in 1985.
The company also wishes to announce the resignation of Mr. Bruce
A. Thompson as President, CEO, Secretary, and director of the
Company, and wishes to thank and acknowledge him for his valuable
contributions to the Company.
"I am extremely excited to be taking the reins at Independence
Energy," stated Mr. Greg C. Rotelli, CEO and President of
Independence Energy. "I look forward leading the Company as we seek
to expand our current production levels and potentially acquire
additional interests."
About Independence Energy Corp.
Independence Energy Corp. is an oil and gas exploration and
development company focused on the acquisition of properties in
United States and Canada. Independence Energy is seeking to further
develop its existing projects through development or offset
drilling and to expand its portfolio to include additional
interests in North America and internationally.
Some information in this document constitutes forward-looking
statements or statements which may be deemed or construed to be
forward-looking statements, such as the company's plans to increase
production levels and acquire additional interests. The words
"forecast", "anticipate", "estimate", "project", "intend",
"expect", "should", "believe", and similar expressions are intended
to identify forward-looking statements. These forward-looking
statements involve, and are subject to known and unknown risks,
uncertainties and other factors which could cause the Company's
actual results, performance (financial or operating) or
achievements to differ from the future results, performance
(financial or operating) or achievements expressed or implied by
such forward-looking statements. The risks, uncertainties and other
factors are more fully discussed in the Company's filings with the
U.S. Securities and Exchange Commission. All forward-looking
statements attributable to Independence Energy Corp. herein are
expressly qualified in their entirety by the above-mentioned
cautionary statement. Independence Energy Corp. disclaims any
obligation to update forward-looking statements contained in this
estimate, except as may be required by law.
For additional information, contact; LiveCall Investor Relations
for Independence Energy Corp. Mr. Gerry Belanger Investor Contact
(800) 976-4490 info@independenceenergycorp.com
www.independenceenergycorp.com
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