SOURCE: Willow Creek Enterprises, Inc.

August 19, 2010 14:16 ET

Willow Creek Corporate Update

LAS VEGAS, NV--(Marketwire - August 19, 2010) - Willow Creek Enterprises Inc (OTCBB: WLOC) (the "Company" or "Willow Creek") -- The management of Willow Creek Enterprises, Inc. would like to take the opportunity update our shareholders on recent corporate developments and to outline our vision for the future. During the past 6 months, we have taken steps to build a management team with the experience and proficiency to transition the company into an operational phase that we hope will enhance long term shareholder value. Mr. Terry Fields has been appointed as our new CEO. Mr. Fields is a graduate of the University of California in Los Angeles (UCLA), having received his Bachelor of Science Degree in 1965. He attended Loyola University School of Law in Los Angeles where he was Student Body President and earned the Alumni Award and the American Bar Association Silver Key Award for Excellence. He obtained his Doctorate of Law Degree (J.D.) in 1968.

Mr. Fields was admitted to the California State Bar in 1969 and thereafter has practiced law for forty years. He engaged in trial law for fifteen years, subsequently engaging in Business and Corporate Law with emphasis on finance, both domestic and international, while living in Europe from 1995 to 2000.

From 1985 to the present, Mr. Fields has been President and Director of ten public companies in the United States and Canada, mostly in the resource area. He was President of High Desert Mineral Resources from 1985 until 2000 when it was sold to Royal Gold Corporation for over $25 million.

Additionally, we have welcomed Dr. Larry Eastland to our Board. Dr. Eastland is a businessman with an array of political and professional experience and achievements. He worked as a staff assistant and consultant to Presidents Nixon, Ford, and Reagan. Furthermore, Dr. Eastland has been a noteworthy speaker at major political events, such as the CPAC Convention, where he spoke alongside Virginia Representative Eric Cantor and Steve Moore of the Wall Street Journal. Aside from his political endeavors, Dr. Eastland serves as Chairman of the Board of LEA Capital Advisors, a financial market advisory firm that has been involved with over forty IPO and reverse mergers with funds raised of over $400 million. Dr. Eastland's business expertise should prove to be invaluable, and we look forward to his guidance as we grow into a more mature company.

To further assist our growth, we have added a legal counsel with both a strong background in securities law and a solid presence in the United States. Accordingly, our corporate offices have also moved to the United States in order to keep our operations as centralized as possible. As previously stated, these changes are being made in an effort to make an efficient and productive emergence from dormancy.

In order to make this transition, Willow Creek Enterprises intends to aggressively pursue the acquisition and joint ventures of new projects in the resource sector. We will look for projects that have had some success in the past and that have the potential to have great success in the future. Soaring mineral prices are making many of these older projects once again viable economic enterprises. Our new management's experience in the public sector, coupled with its understanding of the benefits that the capital markets can bring to these new ventures, should allow us to not only emerge, but also to increase shareholder value for years to come.

THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS," AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH NATURAL RESOURCE EXPLORATION AND DEVELOPMENT AND NEEDS FOR FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-K AND ON FORM 10-Q AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. FINRA, THE SEC AND THE OTCBB NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

Contact Information

  • Contact:
    Terry Fields
    (310) 600-8757