SOURCE: Independence Energy Corp.

March 09, 2012 19:10 ET

Independence Energy Corp. Announces Changes to Management Team -- Experienced CEO to Lead New Development

SEAL BEACH, CA--(Marketwire - Mar 9, 2012) - Independence Energy Corp. (OTCBB: IDNG) (the "Company" or "Independence Energy") is pleased to announce the appointment of Mr. Greg C. Rotelli as the new CEO and President of the Company. Mr. Rotelli has been a member of the Company's board of directors since November 2011 and brings significant public company management and resource exploration experience to the Company.

Over the last 30 years, Mr. Rotelli has held lead positions in both technology start-ups as well as with established public companies, including several oil/gas and precious metal exploration and development companies. Since January 2000, Mr. Rotelli has been a principal of Pacific Coast Capital Group, LLC, a privately owned consulting group focused on oil and gas, mining, and financial services.

Prior to his focus on the natural resources sector, Mr. Rotelli held several senior management positions with technology and new media companies, including; COO of Direct Stock Market, an online investment bank for emerging growth venture capital financing; Senior V.P. of Marketing for System Integrators, a newspaper technology company whose systems were utilized by numerous well-known clients, including the Financial Times London, Reuters World Wide Wire Service, Oftenposten, Le Monde, the Los Angeles Times, and many others; Senior V.P. of US Search, the largest people and background search company on the Internet; and various other new media, technology and finance companies.

Mr. Rotelli holds a BA degree in Classics from Brown University in Rhode Island. He was also deemed a Distinguished Scholar at Regent University in Virginia, where he received his MBA in Marketing and Management in 1985.

The company also wishes to announce the resignation of Mr. Bruce A. Thompson as President, CEO, Secretary, and director of the Company, and wishes to thank and acknowledge him for his valuable contributions to the Company.

"I am extremely excited to be taking the reins at Independence Energy," stated Mr. Greg C. Rotelli, CEO and President of Independence Energy. "I look forward leading the Company as we seek to expand our current production levels and potentially acquire additional interests."

About Independence Energy Corp.

Independence Energy Corp. is an oil and gas exploration and development company focused on the acquisition of properties in United States and Canada. Independence Energy is seeking to further develop its existing projects through development or offset drilling and to expand its portfolio to include additional interests in North America and internationally.

Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the company's plans to increase production levels and acquire additional interests. The words "forecast", "anticipate", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Independence Energy Corp. herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Independence Energy Corp. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.

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