DALLAS, TX -- (MARKETWIRE) -- 12/03/12 -- Core Resource Management, Inc. (PINKSHEETS: DPHGD), (www.coreresource.net), announces the election of Ed Butowsky to its Board of Directors as an independent director.
Ed Butowsky (50) is the Managing Partner, Chapwood Capital Investment Management. Ed is an internationally recognized expert in the investment wealth management industry. Ed has a unique ability to combine the current political environment with how it affects investment portfolios. Butowsky has been in the financial services industry for over 25 years. Ed started his career with Morgan Stanley and was a Senior Vice President in private wealth management. In his 18 years at Morgan Stanley, he was the firm's top producer nationally as well as the first advisor to surpass one billion dollars in assets under management. He was also recognized as a member of both the Chairman's Club and the Equity Club, a distinction reserved for only the top advisors at the Morgan Stanley. Ed has lectured at Yale University, NYU Stern School of Business, and SMU Cox School of Business and speaks around the country to financial advisors on how to properly manage portfolios. Ed is also the originator of the CHIP score. The CHIP score is the first metric designed to properly and effectively evaluate and score a portfolio's strength based on all elements that attribute to portfolio performance; rate of return, risk, inflation, taxes, management fees and investment fees. Additionally, Ed is the creator of the Chapwood Index, a real cost of living index that attempts to show, on a quarterly basis, a more accurate figure for cost of living increases in the nation's top 50 major metropolitan areas. (http://www.chapwoodindex.com/)
About the Company:
Core Resource Management is a Dallas based oil & gas company engaged in the acquisition of existing oil & gas production in partnership with established oil & gas operators in Texas and the Southwest. The Company itself, will not engage in exploration but will acquire positions of up to 50% in current oil & gas production from well established operators, seeking from time to time, to sell a percentage of their existing production in order to recycle their capital into new leases and wells. Management believes it can maximize value for its shareholders while also negotiating fair and reasonable valuations for its drilling partners.
Forward Looking Statements:
Statements which are not historical facts contained in this release are forward looking statements, such as "immediately accretive" that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward looking statements.
The information herein is subject to change without notice. Core Resource Management, Inc. shall not be liable for technical or editorial errors or omissions contained herein.
Core Resource Management, Inc.
W. Brown Glenn Jr.
214 365 3099
Released December 3, 2012