News!
David Rees Joins Well Renewal as New CEO
TULSA, Okla., Mar 14, 2007 (PrimeNewswire via COMTEX) -- Well Renewal, Inc.
(Pink Sheets:WRNW), a rapidly growing diversified oil and gas regional operator
specializing in oil and gas exploration, enhanced recovery methods of abandoned
and low-production oil properties, and oil field services, today announced
changes in corporate governess. Mr. E. Will Gray II has resigned from all
corporate positions at Well Renewal and its subsidiaries. Mr. David Rees, Esq.
has been appointed the new President and CEO and will chair the company's Board
of Directors.
Mr. Rees is a Partner in the Salt Lake City firm of Vincent & Rees. Mr. Rees has
specialized in mergers and acquisitions as well as structured financing. He
continues to assist companies in going public and raising capital both
domestically and internationally.
Mr. Rees has served as general counsel to numerous public and private companies,
and was Vice President for a large investment banking firm. He has extensive
background in the oil and gas, public utility and petrochemical arenas. Mr. Rees
has advised several companies including, Lyondell, Potomac Energy, Entergy and
many independent oil and gas companies.
Mr. Rees received his B.A. from Weber State University and his J.D. from New
York University.
About Well Renewal, Inc.
Well Renewal, Inc., headquartered in Tulsa, Oklahoma, is principally engaged in
oil and gas exploration as well as enhancement and recovery of abandoned and low
production oil properties, and oil field services.
Statements in this press release relating to plans, strategies, economic
performance and trends, projections of results of specific activities or
investments, and other statements that are not descriptions of historical facts
may be forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking information
is inherently subject to risks and uncertainties, and actual results could
differ materially from those currently anticipated due to a number of factors,
which include but are not limited to, risk factors inherent in doing business.
Forward-looking statements may be identified by terms such as "may," "will,"
"should," "could," "expects," "plans," "intends," "anticipates," "believes,"
"estimates," "predicts," "forecasts," "potential," or "continue," or similar
terms or the negative of these terms. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements. The company has
no obligation to update these forward-looking statements.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Well Renewal, Inc.
By Staff
CONTACT: Well Renewal, Inc. David Rees, CEO 918-585-5101 info@wellrenewal.com
(C) Copyright 2007 PrimeNewswire, Inc. All rights reserved.
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INDUSTRY KEYWORD: Energy Industries
SUBJECT CODE: ENERGY
OIL
MANAGEMENT CHANGES
Directors and Officers
