July 14, 2008 05:30 ET, Inc. Introduces New Board of Directors as the Oil and Gas Services Company Flows Into Motion

DALLAS, TX--(Marketwire - July 14, 2008) -, Inc. (PINKSHEETS: ICTY) announced today the addition of Joe Parker and Vaden Williamson to the Board of Directors. Each new member of the board has a very specific and direct roll in the new company with respect to its movement into the oil and gas sector.

Joe Parker: Mr. Parker has extensive knowledge in every aspect of commercial and residential real estate, to include land acquisition and development. He has formed or had an impact on the process of the formation of several successful privately held companies. These companies include a telecom installation company, a marketing firm, and most recently a land acquisition and development firm. His marketing skills will be most valuable to as the company moves towards its goal of being a one stop shop in the oil and gas services field. His proven negotiating skills and willingness to share his proven techniques will aid the board in evaluating the current proposals while insuring the implementation of the projects are done in the most effective way possible.

Vaden Williamson: Mr. Williamson has an impressive resume and track record in the founding and day to day operations of his own professional services firm. During his career he has created, implemented and managed complex land valuation projects, customer/client relations programs and field/desk reviews of projects from every angle. His customer relation skills and vast knowledge in the building of a loyal and happy client and customer base will be most noticeable while grows and moves into the oil and gas field services industry.

The newly formed board met and evaluated several of the prospects the strategic growth consultant presented. The prospects have been narrowed down to two specific projects and the merits of each are currently being evaluated. These prospects include an oil purchaser -- tank trucking company and a secondary oil recovery project. More information will be available as the process continues.

Anthony Baker was quoted as saying, "It was a tough decision to make and I understand the confusion moving the company in yet another direction. But what does make sense is now that we have made this decision, it's important to have a solid Board of Directors. Now that Joe Parker and Vaden Williamson have come on board, we have been able to digest and narrow down the information the consultants have put on the table for us to review. I'm looking forward to working with our new team and expect great things to come."


This press release contains "forward-looking statements," which are statements related to future, not past events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements.

These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.

Contact Information

  • Contact:

    Anthony Baker