Estrella International Energy Services Ltd.
TSX VENTURE : EEN

Estrella International Energy Services Ltd.

December 16, 2013 08:49 ET

Estrella Announces Appointment of Chief Executive Officer

BUENOS AIRES, ARGENTINA--(Marketwired - Dec. 16, 2013) -

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Estrella International Energy Services Ltd. (the "Company" or "Estrella") (TSX VENTURE:EEN), is pleased to announce that at its recent annual strategy sessions held in Bogota Colombia, it has appointed Carlos Valencia as Chief Executive Officer of the Company effective January 1, 2014. Former President and Chief Executive Officer Warren Levy, has agreed to continue with the Company as a member of the board of Directors.

Mr. Valencia has been a principal at Southern Cross Group, a Latin American private equity firm, since 2013. Prior to joining Southern Cross, Mr. Valencia was vice-president of Refinancia, a specialty servicer focused on servicing and acquiring consumer NPL portfolios and originating and servicing consumer loans for underserved segments. While at Refinancia, Mr. Valencia lead the team in charge of setting up the Mexican and Peruvian operations while leading the operations of the company in Colombia and the transformation of its operating model. From 2008 to 2010, Mr. Valencia worked for McKinsey & Company in its Boston and Bogotá offices where he focused on financial institutions in Latin America and in the United States. Mr. Valencia graduated with a Management Engineering degree from Escuela de Ingenieria de Antioquia in Colombia and has an MBA from the MIT Sloan School of Management.

Statements in this press release may contain forward-looking information. Any statements in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. Forward-looking statements in this press release include, but are not limited to, statements with respect to the future business plans, prospects and services.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances, may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Estrella. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release, and Estrella does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities law.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Estrella International Energy Services Ltd.
    Javier Vedoya
    Chief Financial Officer
    +54 (11) 5217-5250
    +54 (11) 5217-5280 (FAX)
    info@estrellasp.com