DALLAS, TX -- (MARKETWIRE) -- 12/10/12 -- Core Resource Management, Inc. (PINKSHEETS: DPHG) (www.coreresource.net) announces the election of John Dinan to its Board of Directors as an independent director.
John Dinan, J.D. (58) is Director and Senior Legal Counsel for ORIX USA Corporation (www.orix.com). Mr. Dinan joined in 2001 and provides a multifaceted range of legal support to the real estate, capital markets, corporate finance and municipal investments divisions of ORIX. Mr. Dinan began his legal career in 1981 with concentrated expertise in the areas of real estate tax and finance, creditors' rights, bankruptcy and debt restructuring, and he was a founding member of one of the 20 largest law firms in Dallas, TX. Prior to joining ORIX, Mr. Dinan was also a development partner with one of the nation's largest multifamily merchant builders. Mr. Dinan received his undergraduate degree from University of North Carolina at Chapel Hill, and his graduate and masters law degrees from Cumberland School of Law and New York University, respectively.
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.
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 10, 2012