SOURCE: Innocent Inc.

Innocent Inc.

July 14, 2014 09:00 ET

Innocent Inc. Appoints Denis Clement to Advisory Council

FORT WORTH, TX--(Marketwired - Jul 14, 2014) - Innocent Inc. (OTC: INCT) (the "Company"), a development stage oil and gas exploration and production company, is pleased to announce that it has appointed Denis Clement as a member of the Company's newly formed advisory council.

Mr. Clement is a highly experienced international business executive. Mr. Clement has over 30 years of experience in finance, law, M&A, management and entrepreneurship throughout various industries including financial, oil and gas, mining and technology.

Currently, Mr. Clement provides advisory services for different companies around the world. He is on the Board of Directors of a number of private and public companies.

After finishing his graduate studies, Mr. Clement began his career practicing law with a large Canadian law firm, Smith Lyons, Torrance, Stevenson and Mayer, in Toronto. His practice included international trade, corporate reorganizations, banking, finance and corporate law.

In the 1980's, Mr. Clement co-founded a technology and equipment finance and leasing company that grew to over $800 Million in assets at the time of his departure. During that 9 year period, Mr. Clement was active in all manners of the business including senior management, marketing and sales, M&A, and finance activities. He also assisted the Company in raising approximately $1 Billion in a combination of equity and debt.

Since 1998, Mr. Clement has been actively involved in the creation, development and financing of numerous companies, including CGX Energy Inc. where he was founding President. CGX was the largest independent oil and gas offshore concession holder in South America (Guyana).

In addition, Mr. Clement has been involved in a number of other companies in many parts of the world including North America, Europe, South America and Asia. As a result of his longstanding experience, Mr. Clement has developed an extensive range of friends and business contacts.

Mr. Clement has:
LL.M. Master of Laws, London School of Economics, London, UK
LL.B. Bachelor of Laws, University of Ottawa, Ottawa, Canada
B. Comm. Bachelor of Commerce, SGWU, Montreal Canada
Membership in the LAW SOCIETY OF UPPER CANADA

"We are very excited to have Denis as a part of our team. His experiences over the past 30 years will strengthen our company, and his insight will greatly enhance our strategy as we move forward," commented CEO Patrick Johnson.

About Innocent Inc.
Innocent Inc. is a development stage oil and gas exploration and production company focused on developing properties in North America. Innocent Inc. plans to minimize the risk of exploration through development of proved petroleum reserves, and expects to maximize profit through strategic acquisition and liquidation of selected oil and gas properties. Innocent Inc. has partnered with industry experts in this agreement and they will provide the technical guidance and field management experience. Together, this new team of Innocent Inc. and Evergreen Petroleum will focus on acquiring low risk, high upside properties coupled with substantial exploration potential. Through improvements in oil and gas production technologies, Innocent seeks to rapidly increase production levels and generate predictable, sustainable value. Adhering to a narrow, clearly defined strategy, the company focused on 100% acquisitions and joint ventures to maximize our production capacity. For more information, visit www.innocentinc.com.

SAFE HARBOR
This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements. When used in this report, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: oil and gas prices, general economic or industry conditions, nationally and/or in the communities in which our company conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our access to capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting our company's operations, products, services and prices.

We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.

Contact Information

  • Contact:
    Innocent Inc.
    Patrick J. Johnson
    Chief Executive Officer
    (888) 570-3698
    IR@InnocentInc.com