Paradigm Oil & Gas, Inc.
OTC Bulletin Board : PDGO

Paradigm Oil & Gas, Inc.

April 06, 2010 08:45 ET

Paradigm Oil & Gas, Inc. (OTCBB:PDGO) Appoints New Executive Management

MABANK, TEXAS--(Marketwire - April 6, 2010) - The Board of Directors of Paradigm Oil & Gas (OTCBB:PDGO) announced today the appointment of Brian Kennedy as Chief Financial Officer and Joseph Fiore as Chief Operations Officer. The appointments will take effect immediately.

Brian Kennedy, Chief Financial Officer

Mr. Kennedy has over 30 years of business experience and during his career has held several CEO and CFO positions with both public and private companies. His experience spans areas of general management, business planning, accounting and financial reporting, treasury functions, intellectual property and licensing, mergers and acquisitions, and Board of Director positions. Mr. Kennedy is a Chartered Accountant and has a Bachelor of Business Administration degree from York University.

Previously Mr. Kennedy was CEO of Luxell Technologies, listed on the Toronto Stock Exchange, where under his leadership grew the company from a $0.25 share value to over $9.00. Over the last 3 years, Mr. Kennedy worked on numerous oil and gas recovery projects, whereby utilizing new technologies he successfully increased the production output of the wells.

"The company will benefit greatly from Brian's background and experience," said Marc Juliar, Paradigm Oil & Gas CEO. "Brian brings both outstanding industry experience and business development skills to the company that will greatly benefit our investors."

Joseph Fiore, Chief Operating Officer

Mr. Fiore has over 30 years of corporate experience in business development and marketing. He has broad based experience with major corporations such as Mobile Geophysical Service, a division of Mobile Oil, and Geophysical Service, a division of Texas Instruments, where he gained valuable hands on petroleum industry experience. His combination of project development and operating experience will add significant value as Paradigm moves into the Q2 work program.

"We are delighted that Joseph is joining us." Mr. Juliar stated "He has exactly the right blend of senior project management and operational know-now. He is a valuable asset to the company at a time when we are moving into production and commercialization."

About Paradigm Oil & Gas, Inc.

Paradigm Oil & Gas, Inc. (OTCBB:PDGO) identifies and acquires energy properties with previously discovered known oil and gas reserves that have not either been fully produced from, or fully developed and defined. Utilizing new technologies, Paradigm expects to generate profit from these previously producing wells. The company has acquired properties covering 934 acres all located in the State of Texas, USA. Combined there are a total of 9 existing previously producing wells and available spacing to support the drilling of approximately 30 new wells in the 3,800' to 9,000' range and approximately 50 new wells in the 800' to 1,800' range. For more information about Paradigm Oil & Gas, visit the website at www.ParadigmOilInc.com.

Safe Harbor

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Paradigm Oil & Gas, Inc. with members of its management team as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • Investor Relations:
    Paradigm Oil & Gas, Inc.
    Terry Rutter
    terryr@paradigmoilinc.com
    or
    Paradigm Head Office
    123 E. Market St.
    Mabank, Texas
    USA
    75147
    (903) 880-1161