Arete Industries (ARET)
SEC EDGAR Filings http://knobias.10kwizard.com/
Arête Industries, Inc. is a publicly traded company trading on the OTCQB under the symbol: ARET. The Company has been publicly traded since 1987 and has over 4000 shareholders. Arête's corporate offices are located in Westminster, Colorado.
The company currently owns and operates a gas gathering pipeline. In October 2011, the company completed the purchase of oil and gas production properties in the Rocky Mountain Region of the United States, namely 91 operating wells and 37,000 gross acres that include approximately 21,000 net acres under lease, and approximately 250 PUD's.
The company was started in 1987 and was involved in many different business opportunities until 2005. In 2005 the company spun off Colorado Oil and Gas as a subsidiary with the intent to pursue other oil and gas opportunities.
In September 2006 the board confirmed a new focus on actively pursuing oil and gas acquisitions by purchasing a Gas Gathering Pipeline that same month.
As of 2006, the Board of Directors was made up of Mr. Charles Gamber, who was elected Chairman and CEO, and Mr. John Herzog, who was named Interim CFO. Mr. William Stewart remained as Director and Company Secretary, and Mr. Donald Prosser continued his responsibilities as Director and designated financial expert and Chairman of the Company's Nominating, Audit, and Compensation Committees. In 2007 Mr. Charles Davis was added to the board as an independent director with oil and gas experience.
The Board was joined by several consultants who are providing shareholder communications, marketing, business development, and investment banking services.
About the Company
The Company is the operator of a gas gathering system, and holds oil and gas properties in the Rocky Mountain Region of the United States.
The Company is also pursuing projects that have significant upside potential and can produce significant revenue. As the projects are developed, Arête, or entities created by Arête, will have ownership interests in the revenue streams, which can be securitized and collateralized either through equity or private debt holders. This strategy will enable the company to continue to grow, fulfill its ongoing financing requirements, and create value for its shareholders.
Nicholas L. Scheidt
Chief Executive Officer
Mr. Scheidt has served as President and Chairman of Apex Financing Services Corp aka Apex Realty Investments Inc. since 1983; he has served on the Board of Directors of Truck Wash Inc. since 1989; he has served on the Board of Directors of Out Reach Housing Corporation since 1992 and he has served as Chief Financial Officer of Truck Wash Inc. since 1995. Mr. Scheidt joined the Board on November 21, 2012. anagement Team
Donald W. Prosser
Chairman and Chief Executive Officer
Mr. Prosser is a Director and member of our Compensation and Audit Committees. He has been designated as the Company's Audit Committee Financial Expert. Mr. Prosser is a practicing certified public accountant, specializing in tax and securities accounting, and has represented a number of companies serving in the capacity of CPA, member of boards of directors, and as Chief Financial Officer. Mr. Prosser brings to the Company his great depth of expertise in tax and securities compliance and accounting, corporate finance transactions and turn-around.
From 1997 to 1999, Mr. Prosser served as CFO and Director for Chartwell International, Inc, a publicly traded company which filed reports under the Exchange Act which published high school athletic information and provided athletic recruiting services. From 1999 to 2000, he served as CFO and Director for Anything Internet, Inc. and from 2000 to 2001, served as CFO and Director for its successor, Inform Worldwide Holdings, Inc., which is a publicly traded company which filed reports under the Exchange Act. From 2001 to 2002, Mr. Prosser served as CFO and Director for Net Commerce, Inc, a public company selling internet services. From November 2002 through June 2008, Mr. Prosser served as CFO of VCG Holding Corp., a publicly traded company which filed reports under the Exchange Act and engaged in the business of acquiring, owning and operating nightclubs, which provide premium quality entertainment, restaurant and beverage services in an up-scale environment to affluent patrons. His accounting firm performs accounting service for VCG Holding Corp.
Mr. Prosser has been a certified public accountant since 1975, and is licensed in the state of Colorado. Mr. Prosser attended the University of Colorado from 1970 to 1971 and Western State College of Colorado from 1972 to 1975, where he earned a Bachelor's degree in both accounting and history (1973) and a Masters degree in accounting - income taxation (1975).
John R. Herzog
Director and Acting Chief Financial Officer
Mr. Herzog serves as an independent Director, and as a member of the Company's Audit, Nominating and Compensation Committees. From 1998 to 2000, Mr. Herzog served as Director of Billing Services for Eglobe, Inc., where he managed daily operations, conversion of the billing system. From 2000 to 2001, he served as director of IT for Anything Internet, Inc., a publicly traded company which filed reports under the Exchange Act. Since 2001, Mr. Herzog has been President of Business Information Systems, Inc., developing applications, consulting on software development, business systems, and programming. Mr. Herzog also served as a Director of Net Commerce, Inc., a public company, from 2001 to 2002. Mr. Herzog graduated from Drexel University in 1967 with a degree in Electrical Engineering, and in 1970 with a Master's degree in Biomedical Engineering. He received a Doctorate from Temple University in 1976.
Charles B. Davis
Director and Chief Operating Officer
Mr. Davis joined Arête's Board of Directors in 2006, and serves as a member of the Company's Nominating and Compensation Committees. From January 1981 to June 1983, Mr. Davis was Operations Manager for Keba Oil and Gas Co. where he was responsible for drilling, completion and producing operations. From July 1983 to April 1986, Mr. Davis was Vice-President of operations for Private Oil Industries. From April 1986 until August 1988, Mr. Davis did consulting work related to well site operations. Since August 1988 Mr. Davis has worked for DNR Oil & Gas Inc., as president, overseeing the day to day operations for 150 to 200 wells, and involved in exploration activities. Mr. Davis graduated from the University of Wyoming with a Bachelor of Science Degree in Engineering.
Charles L. Gamber
Director and Secretary
Mr. Gamber joined Arête's Board of Directors in September 2003. He serves as an independent director, and is a member of our Nominating, Audit, and Compensation Committees. Mr. Gamber is the owner of Charles L. Gamber, Inc. dba Capital Resource Management LLC and works as a consultant creating business opportunities and relationships with strategic partners and business organizations. He is also the Director of Business Development for MedCenterNetwork. He has over 35 years of sales, customer service and marketing experience. Mr. Gamber started Charles L Gamber, Inc., in 2003. Mr. Gamber received a bachelor's degree in Business Administration with minors in Accounting and Economics from Western State College of Colorado in 1973.
William W. Stewart
Director and Assistant Secretary
From December, 2001 until August, 2002, Mr. Stewart ran the operations and directed the business plan of Eagle Capital Funding Corp. (Eagle Capital) to pursue capital funding projects. In addition to serving as an outside director, he serves as a member of the Company's Nominating and Compensation Committees. Mr. Stewart worked in the brokerage industry as an NASD licensed registered representative from 1986 to 1994. Mr. Stewart started his career with Boettcher and Company of Denver, Colorado and left the Principal Financial Group of Denver, Colorado in 1994 to open his own small-cap investment firm, S.W. Gordon Capital, Inc., where he has been its president since 1994 to the present. Mr. Stewart formerly served as CEO and is an owner of Larimer County Sports, LLC, a Colorado limited liability company, which owns the Colorado Eagles Hockey Club a minor league professional hockey franchise in northern Colorado. He has been President of Wenatche Sports Partners, LLC, owner of a minor league hockey team, since 2008. Mr. Stewart attended the University of Denver on a full athletic scholarship where he played hockey from 1979 to 1983 as right wing and served as assistant captain during his senior year. Mr. Stewart graduated with a BS, Business Administration from the University of Denver in 1983, with honors as a Student Athlete.
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