Paradigm Oil & Gas, Inc.
OTC Bulletin Board : PDGO

Paradigm Oil & Gas, Inc.

May 21, 2010 13:18 ET

Paradigm Oil and Gas, Inc. (PDGO) Appoints Mr. Ron Polli President of Paradigm Technology Solutions Inc.

DALLAS, TEXAS--(Marketwire - May 21, 2010) - Paradigm Oil and Gas, Inc. (OTCBB:PDGO) is pleased to announce the appointment of Mr. Ron Polli as President of Paradigm Technology Solutions Inc., effective immediately. Mr. Polli has been consulting with the Paradigm Oil and Gas management team since September 2009.

"Ron brings outstanding leadership and technical experience to the company that will significantly benefit our customers, partners and suppliers." states Mr. Brian Kennedy, Paradigm CFO, "We are fortunate to have him at the helm. He will be a valuable asset to the company and to the shareholders."

Mr. Ron Polli, President, Paradigm Technology Solutions Inc.

Mr. Polli has over 25 years experience in executive management and business development. Prior to accepting this new position, Mr. Polli spent over 20 years in executive business development, marketing and sales leadership roles within the technology industry.

Since 2009, Mr. Polli was President of Stripper Solutions LLC, a distributor for BlackStorm Flexible Tubing Systems, a new and patented product for the production of oil in shallow wells. Here Mr. Polli developed a distribution network, recruiting distributors both nationally and internationally, focusing on new and innovative technologies in the oil recovery industry.

"It is my honor to accept the position of President of Paradigm Technology Solutions. Over the last 20 years I've been intimately involved in new technology development and deployment." states Mr. Polli, "I share the vision to create a portfolio of technology assets designed to make existing oil fields more productive. This is exactly the type of opportunity I've been looking for."

Mark Juliar, Paradigm Oil and Gas CEO, states "We see Ron as being an integral part of our technology strategy, bringing leading-edge technology to the marketplace. Both his deep technology experience and his proven marketing and sales track record we feel are key to unlocking this significant market opportunity."

About Paradigm Oil & Gas, Inc.

Paradigm Oil & Gas Inc. (OTCBB:PDGO) identifies and acquires energy properties with previously discovered known oil and gas reserves that have not either been fully produced from, or fully developed and defined. Utilizing new technologies, Paradigm expects to generate profit from these previously producing wells. The company has acquired properties covering 934 acres all located in the State of Texas, USA. Combined there are a total of 9 existing previously producing wells and available spacing to support the drilling of approximately 30 new wells in the 3,800' to 9,000' range and approximately 50 new wells in the 800' to 1,800' range. For more information about Paradigm Oil & Gas, visit the website at www.ParadigmOilInc.com.

Safe Harbor

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Paradigm Oil & Gas, Inc. with members of its management team as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • Investor Relations:
    Paradigm Oil & Gas, Inc.
    Terry Rutter
    terryr@paradigmoilinc.com
    or
    Paradigm Head Office
    123 E. Market St.
    Mabank, Texas
    USA, 75147
    (903) 880-1161