SOURCE: MCW Energy Group

June 07, 2012 07:00 ET

MCW Energy Group Appoints Dwight Romanica, Experienced Petroleum Distribution Systems Expert, to the Company's Board of Directors

SHEDIAC, NB and FRANKFURT, GERMANY--(Marketwire - Jun 7, 2012) - MCW Energy Group (FRANKFURT: MW4), a Canadian holding company with two divisions: (1) MCW Fuels Inc., a well-established distributor of gasoline and diesel fuels to a growing roster of service stations in southern California, and (2) MCW Oil Sands Recovery, LLC, which owns a proprietary oil sand extraction process, is pleased to announce the appointment of Dwight J. Romanica to the Company's Board of Directors.

Mr. Romanica has substantial experience in the petroleum distribution systems sector and is a founder and former Chief Executive Officer of Canmax Technology Ltd., a leading developer and supplier of software automation systems for the retail petroleum and convenience store industries. This software integrates hardware such as petroleum dispersing equipment, scanners and point-of-sale terminals commonly used in gas stations and convenience stores to facilitate efficient operations and management controls.

Mr. Romanica served as the Entrepreneur-in-Residence of MacDonald Dettwiler and Associates (MDA Corporation), where he was instrumental in the Company's acquisition of several top North American information companies. MCW's management team feels that Mr. Romanica's proven track record in the management of public companies and his expertise in successful growth strategies for developing companies will provide a valuable, new resource for MCW in the coming years. Mr. Romanica also served as Chairman and a Director of Isee3D Inc., a publicly-traded company on the TSXV. He also served as a Director of Anything Technologies Media Inc.

"We're certainly looking forward to adding Mr. Romanica's valuable industry experience to our Board's resources," stated Dr. R. Gerald Bailey, Chief Executive Officer of MCW Energy Group. He added, "Our MCW Fuels division has recently switched over to a more efficient operational software system, Trillium Software™, which focuses on delivery logistics and improved operating efficiencies, so Mr. Romanica's hands-on approach will greatly benefit the Company as we continue growing to be one of California's leading fuel distributors."

About MCW Energy Group:
MCW Energy Group is a Canadian holding company incorporated under the laws of New Brunswick, Canada, and consists of two principal portfolio companies: MCW Fuels is engaged in the distribution of liquid fuels on the west coast of United States, and MCW Oil Sands Recovery, LLC owns a proprietary oil sands extraction technology and a major oil sands lease in Utah. The oil sands division is currently moving into production of oil with an aim towards establishing a vertically integrated oil producer/distributor, with the goal of developing higher margins. For more information on the MCW Energy Group, please visit the corporate website: www.mcwenergygroup.com

Note:
The information does not constitute an offer of or an invitation by or on behalf of MCW Energy Group or any of its subsidiaries to subscribe for or purchase securities of MCW Energy Group or any of its subsidiaries, but is provided as a matter of record only.

In particular, the information contained does not constitute an offer of securities for sale or solicitation of an offer to buy securities in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.