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Elite Group Inc. (fka ELTZ) RSS Feed

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ELITE GROUP, INC. (ELTZ)


Elite Group Incorporated is a publicly-traded OTC company under the ticker symbol: ELTZ. 

Specializing in Acquisition of Assets relating to Oil Field Water used in upstream Oil & Gas.

Elite Group, Inc.'s corporate offices are located in Frisco, TX (Dallas-Fort Worth Metroplex) 



Elite Group Inc. (ELTZ)'s Corporate Homepage: http://elitegroupenergy.com/

ELTZ's Twitter Social Media Page: https://twitter.com/elitegroupeltz?lang=en 




===============================================================================================================



NEWS: October 18, 2018 - Elite Group, Inc. Retains Ryder Scott and Safe Harbor Equity Advisors for Acquisition


Link to Today's Article: https://globenewswire.com/news-release/2018/10/18/1623326/0/en/Elite-Group-Inc-Retains-Ryder-Scott-and-Safe-Harbor-Equity-Advisors-for-Acquisition-of-Wells-in-Colorado.html


October 18, 2018 08:00 ET | Source: Elite Group Inc
 
FRISCO, TX, Oct. 18, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Elite Group, Inc. (OTC: ELTZ) a Nevada corporation announced today that the company has retained Ryder Scott Petroleum Consultants and Safe Harbor Equity Advisors to provide petroleum engineering, reserve analysis and Investment Banking for private placement funding associated with the acquisition of 17 producing oil and gas wells from Silver Lake Industries Inc.  The company has signed a letter of intent with Silverlake Industries to purchase the wells that provide annual cash flow of approximately $4.8 million. 

With the addition of Ryder Scott and Safe Harbor, the company has added two critical professional business partnerships that will enable ELITE to analyze and fund its acquisition strategy and is now in position to accelerate growth.  Additionally, the company is currently in the process of updating the appropriate corporate filings and financials and are expected to be completed shortly.

About the Company

 

ELITE Group, Inc. (www.EliteGroupEnergy.com) a Nevada corporation is an independent energy company engaged in the acquisition and development of oil and gas related assets in the United States.

Management believes it will accomplish its goal of maximizing shareholder value through strategic acquisitions, effective execution of it business model, and implementing corporate governance and oversite with strong financial controls and procedures.

Forward-Looking Statements

Certain statements in this press release and elsewhere by management of the Company that are neither reported financial results nor other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of the Company's operations varying significantly and materially from anticipated results. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by SEC rules. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC.

 

============================================================================



ELTZ Share Structure - as listed 10/24/2018 on OTCMarkets https://www.otcmarkets.com/stock/ELTZ/security

Float 68,210,063 (4/18/2017)
Authorized Shares 999,000,000 (4/18/2017) 
Outstanding Shares 899,530,798 (2/20/2018)
Transfer Agent(s): Island Stock Transfer
15500 Roosevelt Boulevard
Suite 301
Clearwater, FL 33760
727-289-0010
http://www.islandstocktransfer.com
info@islandstocktransfer.com

Kim Whiteside
kwhiteside@islandstocktransfer.com
717-289-0010




ELTZ Management Team:

Terrance A. Tecco – CEO

Mr. Tecco’s market and management experience began as a registered representative for Merrill Lynch in the Canton, Ohio office holding a Series 7 and Series 22 licenses. After his tenure with Merrill Lynch, he became Vice President of Buckhorn Oil Company with offices in Houston, Texas and Columbus, Ohio; where his duties included raising capital for drilling and land acquisitions.

Jeffrey M Lightsey (Operations)

Mr. Lightsey is a Veteran that has over 10 years’ experience working as a Petroleum Engineer for different oil and gas companies all over the world as well as his families previously owned oil and gas lease. He started his working career after the Army for NASA as the Johnson Space Center Mission Control Computer Security Executive and advancing to the U. S. Security Representative for the International Space representing the U.S. to all foreign agencies involved.

J. Mark Fox,(CPA)

Mr. Fox has over 25 years of oil and gas industry experience. He has over 20 plus years of executive management experience in various corporate positions. Responsibilities included managing oil and gas assets of over $250 MM in Texas, Louisiana, Montana, Michigan and Pennsylvania with an E&P budget of $80+ MM. He has held CFO positions in several companies.

Craig DeArmond ( Carter County Resources )

Mr. DeArmond has over 30 years of oil and gas experience providing consulting, engineering and operational support to numerous major oil and gas companies as well as private companies.

Michael Ramos ( Pirate Field Operations)

Mr. Ramos founded TMR Services in 2006 located in Rankin, TX and operated in a 200 mile radius. TMR provided a variety of services to its customers in the oil and gas industry, they included Roustabout, Dirt Work (drill pads, frac pits, pipeline construction) and maintenance, production and facilities work along with general construction and maintenance.

  
 
 
 

Elite Group, Inc. (USOTC:ELTZ)
Historical Stock Chart

1 Year : From Mar 2017 to Mar 2018

Click Here for more Elite Group, Inc. Charts.
 

Elite Group, Inc. (USOTC:ELTZ)
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Today : Thursday 22 March 2018


ELTZ SEC Suspension for severely

delinquent Financials:


https://www.sec.gov/litigation/suspensions/2020/34-87932.pdf

Order:

https://www.sec.gov/litigation/suspensions/2020/34-87932-o.pdf

Admin. Proceeding:

https://www.sec.gov/litigation/admin/2020/34-87931.pdf




 
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