PHOENIX, AZ -- (Marketwired) -- 04/01/14 -- Core Resource Management, Inc. (OTCQB: CRMI), (www.coreresource.net), makes changes to the Board of Directors. Core welcomes the additions of Mr. Alex Campbell and Mr. Jeff Tregaskes to the board and has accepted the resignation of directors John Dinnan, Ed Butowski, Dennis Orsi, and W. Brown Glenn, Jr.
James D. Clark, President of Core, said, "We thank the outgoing directors for their time with the Company and look forward to moving the Company forward under new and experienced leadership. I am also pleased that Messrs. Campbell and Tregaskes have agreed to make significant personal investments in the Company concurrent with their appointment. They not only bring significant experience, but will help us strengthen our business model and investment management strategy."
Mr. Campbell has been in the Oil and Gas Business since 1980, currently as the Vice President of Land for a Colorado based company, Enduring Resources, LLC. Prior to joining Enduring, Mr. Campbell was Vice President and Executive Vice President for Aspect Resources, LLC from August 1996 until December 2001 and Vice President for Aspect Energy, LLC from January 2001 until June 2004. From 1980 until 1996, Mr. Campbell held various land and managerial positions with Texas Oil and Gas Corporation (aka TXO Production Corp.) and Lario Oil & Gas Company. Mr. Campbell has held Director positions with multiple public and private companies.
Mr. Tregaskes was the lead developer on many luxury commercial developments in Arizona and has been involved in many companies as a director. Jeff has significant experience in financial arbitrage.
W. Brown Glenn, Jr. also resigned as Chief Executive Office of Core and his duties and responsibilities have been assumed for the foreseeable future by James D. Clark.
About the Company: Core Resource Management is a Dallas/Phoenix-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 does not currently engage in direct 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.
Dennis W. Miller
Interim Chief Executive Officer, Director
3131 E Camelback Rd. Ste 215
Phoenix, AZ 85016
Source: Core Resource Management, Inc.
Released April 1, 2014