SOURCE: Core Resource Management, Inc.
DALLAS, TX--(Marketwire - Nov 26, 2012) - Core Resource Management, Inc. (PINKSHEETS: DPHGD), (www.coreresource.net), announces the election of Dennis Orsi to its Board of Directors as an independent director.
Dennis Orsi, CPA & J.D. (62) is an independent financial advisor with over thirty years in finance and management. He most recently controlled a regional manufacturing company based in New England. During his career, he has served as a Director of numerous public companies listed on either the NASDAQ or AMEX. In his early career, Mr. Orsi served as Senior Vice President and Treasurer of Ensign Bank, a $2 billion New York Savings Bank, before being recruited to the corporate finance department of Kidder Peabody as Vice President and later joining Nippon Credit Bank's U.S. Investment and Merchant banking subsidiary Eastbridge Capital and Asset Management as Senior Vice President and co-head of Corporate Finance. Mr. Orsi graduated from Syracuse University with a business degree and received his JD from St. Johns Law School.
About the Company:
Core Resource Management is a Dallas based oil & gas company engaged in the acquisition of existing oil & gas production in partnership with established oil & gas operators in Texas and the Southwest. The Company itself will not engage in exploration but will acquire positions of up to 50% in current oil & gas production from well established operators, seeking from time to time to sell a percentage of their existing production in order to recycle their capital into new leases and wells. Management believes it can maximize value for its shareholders while also negotiating fair and reasonable valuations for its drilling partners.
Statements which are not historical facts contained in this release are forward looking statements, such as "immediately accretive," that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward looking statements.
The information herein is subject to change without notice. Core Resource Management, Inc. shall not be liable for technical or editorial errors or omissions contained herein.