SOURCE: Petrolium Oil Alliance, Inc.

November 14, 2008 07:54 ET

Petrolium Oil Alliance Inc. Announces New Board of Directors to PetrOil Inc. Formerly CybeRecord Inc.

DUBAI, UAE--(Marketwire - November 14, 2008) - Petrolium Oil Alliance Inc, as the majority shareholder of PetrOil Inc. formerly CybeRecord, Inc. (PINKSHEETS: CYRD), announces the appointment of a new board of directors to CybeRecord, Inc. (PINKSHEETS: CYRD), by Action taken on July 16th 2008. The new board members are: Mr. Munther Daher -- a veteran executive director of multinational companies with 20 years experience. Justice Jamal Alassaf -- brings over 14 years of law experience, serving the past 5 years as a Justice in the Hashemite Kingdom of Jordan. Mr. Ibrahim Gad -- a Senior Vice President with international experience who has held posts as officer and director. Mr. Alfred Victor Brewster -- an executive director with several IBC companies for the past 15 years. Mr. Conrad Nikolas -- a veteran in exploration and drilling of the Oil and Gas industry in the Middle East and Africa for the past 17 years.

During a CybeRecord, Inc. Board of Directors meeting held on July 22nd 2008 the resignations of Mr. Michael Morris as President and Ms. Young Kim as Secretary and Director were accepted by the board. At which time the board held elections and unanimously appointed Munther Daher as President and Ibrahim Gad as Corporate Secretary/Treasurer.

Petrolium Oil Alliance Inc., is an IBC with its representation office in Dubai, U.A.E. specializing in oil distribution and other related petroleum, gas and energy industries.

Legal Notice Regarding Forward-Looking Statements:

The above news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward- looking statements are not guarantees of future performances, and are subject to a wide range of business risks, external factors and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events, or otherwise.

Contact Information

  • CONTACT:
    Petrolium Oil Alliance, Inc.
    Marcel Diab
    Administrative Services
    Tel: +971 4 509 6717