SOURCE: NDB Energy, Inc.

NDB Energy, Inc.

September 12, 2011 09:15 ET

NDB Energy, Inc. Announces the Appointment of Industry Veterans to Lead Company

HOUSTON, TX--(Marketwire - Sep 12, 2011) - NDB Energy, Inc. (OTCQB: NDBE), an emerging independent oil and gas company, is pleased to announce the appointment of Mr. James J. Cerna, Jr. to the position of President and CEO and Mr. Michael McAdams to the position of Head of the Board of Advisors.

With more than 20 years of experience in the energy industry, Mr. Cerna is a successful company leader with notable tenure as Chairman of the Board and CEO of Lucas Energy, Inc. Mr. Cerna also served as President of privately-held Lucas Energy Resources.

"I'm pleased to announce the appointment of Mr. Cerna and Mr. McAdams to NDB Energy and welcome them to our team as our new leaders," stated outgoing President & CEO, Mr. Amit S. Dang, who continues to serve as the Company's Chief Financial Officer. "I very much look forward to leveraging Jim and Mike's ability to identify, acquire, and grow meaningful energy assets."

Prior to joining Lucas Energy, Mr. Cerna served as Chief Oil and Gas Analyst and CFO of Petroleum Partners LLC and was Manager of the GT Global/AIM Funds performance analysis group in San Francisco.

For more than two decades, Mr. Cerna has served as an executive and director with companies listed on the NYSE Amex, NASDAQ, and emerging markets, and was founder and CEO of a NASDAQ-listed information analysis company. He has been a trusted advisor to the boards of several traditional and green energy companies and currently serves as a director of Mesa Energy.

Mr. McAdams spent 15 years in a variety of roles with British Petroleum, PLC ("BP"), including serving as the Associate Group Policy Advisor to then Chairman of the Board for BP, Lord John Browne. In addition to his service at BP, Mr. McAdams has been an active independent wildcatter on multiple occasions. In the private sector Mr. McAdams has worked for a number of advocacy organizations. Currently, Mr. McAdams leads the Advanced Biofuels Association, which represents many of the top companies from around the world, as it engages the federal government at all levels to secure a level playing field for its member companies.

In addition, Mr. McAdams served as the Vice President of the Eastern United States for Government Affairs as well as Vice President of Government Affairs and Environment. Earlier in his career, Mr. McAdams served as Legislative Director to Congressman Ralph Hall (R-TX) from 1981-1985, where he was responsible for Energy and Commerce Committee issues. In 1980, he was a field coordinator for President Jimmy Carter's presidential campaign. Prior to that, he served on the staff of Congressman Ray Roberts (D-TX). Mr. McAdams holds a Bachelor's Degree from Virginia Polytechnic Institute and State University, and a J.D. from American University's Washington College of Law.

About NDB Energy, Inc.
NDB Energy, Inc. is an emerging independent oil and gas company, exploring, developing, producing, and marketing crude oil and natural gas from various known prolific and productive geological formations. The Company is focused on building and developing a portfolio of oil and gas assets by acquiring undervalued, underdeveloped and underperforming properties, with the prospect of increasing production in an economical and profitable manner.

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Legal Notice Regarding Forward-Looking Statements
No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act") that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although NDB Energy, Inc. (the "Company" or "NDB Energy") believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, our ability to establish or find reserves; volatility in market prices for natural gas and crude oil; liabilities inherent in natural gas and crude oil operations; uncertainties associated with estimating natural gas reserves and crude oil; competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel; political instability or changes of laws in the countries in which we operate and risks of terrorist attacks; incorrect assessments of the value of acquisitions; geological, technical, drilling and processing problems; and the uncertainty inherent in the litigation process, including the possibility of newly discovered evidence or the acceptance of novel legal theories, and the difficulties in predicting the decisions of judges and juries., litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company's operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company's ownership of its business, adverse publicity and news coverage, inability to carry out exploration or drilling plans, loss or retirement of key executives or third-party contractors, changes in interest rates, inflationary factors, and other specific risks. There can be no assurance that we will be able to locate or acquire additional lands or that further exploration of our properties will yield commercially viable reserves, if any. Further, there can be no assurance that the necessary regulatory approvals will be obtained or that NDB Energy will be able to acquire additional properties or locate commercially viable reserves, if any, on our current leased lands. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-Q and Form 10-K filings with the Securities and Exchange Commission. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at The Company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.