SOURCE: TexCom, Inc.

TexCom, Inc.

March 03, 2011 10:48 ET

TexCom, Inc. Adds Two Directors to Board

HOUSTON, TX--(Marketwire - March 3, 2011) - TexCom, Inc. (PINKSHEETS: TEXC) announced today the addition of two new members to its Board of Directors. Wallis T. Marsh and Stephen J. Barth have accepted positions on the TexCom Board with immediate effect. 

Mr. Marsh is the founder and CEO of the Extex companies, independent energy companies engaged in the acquisition, production, exploration and development of oil and gas with current operations concentrated in Texas, South Louisiana, and Southwest Arkansas. A petroleum engineering graduate of the University of Oklahoma, Marsh worked earlier as a production and facilities engineer for Texaco and ARCO in Texas, California and in the Gulf of Mexico. While at ARCO he was instrumental in the redevelopment of the Long Beach Unit, Wilmington Field - the second largest water flood in the United States. Mr. Marsh has extensive experience in injection of produced saltwater in commercial injection and for purposes of enhanced oil recovery. He co-founded Extex Production, Inc. in 1996 and Extex Operating Company in 1998, opening primary offices for the Extex Companies in Houston, Texas in 2000.

Mr. Barth is CEO of Coastal Caverns, Inc., a subsidiary of Vitol, that is developing salt caverns for storage of liquid hydrocarbons on the historic Spindletop Dome in Beaumont, TX. With a degree in business from Columbia College in Missouri, Stephen has more than 15 years experience in the field of energy and related services and has developed numerous projects involving commodity, capital and services.

Lou Ross, President of TexCom, said "These two experienced energy industry executives add considerable depth to TexCom's Board. We look forward to their participation in defining the course of the company's growth as we expand the scope of environmental services we provide to the energy and related industries."

About TexCom

TexCom, Inc., headquartered in Houston, Texas, is a growth-oriented company with its primary focus on the disposal of nonhazardous wastes. Domestically, TexCom disposes of nonhazardous materials generated by oil and gas exploration and production and is expanding its interests in disposal of nonhazardous industrial wastewater, serving the refining and petrochemical industries.

Forward-Looking Statement
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Act") and Section 21E of the Securities Act of 1934, as amended (the "Exchange Act"). In particular, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law. Also, the company takes no obligation to update or correct information prepared by third parties that is not paid for by the company. The company's filings are available at http://www.pinksheets.com.

Contact Information

  • Contacts:

    TexCom, Inc.
    Management contact
    Britt Brooks, EVP
    713-914-9193
    Email Contact: Email Contact