BoonMarket.com to closely follow UPDA once again
SANTA BARBARA, CA., Jul 06, 2007 (M2 PRESSWIRE via COMTEX News Network) --
BoonMarket.com announced today their renewed interest in Universal Property Development and Acquisition Corporation (OTCBB: UPDA). UPDA has been mentioned on BoonMarket.com in the past and recent developments within the company have compelled BoonMarket.com to closely follow the company once again.
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UPDA news from 7/02/07:
Heartland Oil and Gas Corporation Completes Management Transformation - Receives Resignation of CEO and Appoints Interim President - Signals New Era of Asset Development
In a meeting held on June 25, 2007, a majority of the Board of Directors of Heartland Oil and Gas Corp voted to install Steven A. Fall as its Interim President. This appointment signals the beginning of a new era for Heartland in which it will aggressively pursue the development of its vast oil and gas assets in Eastern Kansas.
In conjunction with this appointment, the Board has received the resignation of Phil Winner as CEO and a member of the Heartland Board, marking the departure of the last vestige of Heartland's former management. Mr. Winner's resignation will not become effective until July 27, 2007 and he will be working with Heartland's new management team during that period to ease the company through this transition period.
Universal Property Development and Acquisition Corporation (FWB:UP1) (BCN:UP1) (GER:UP1) (MUN:UP1) (STU:UP1) recently acquired a majority stock interest in Heartland.
"With the new drilling program already undertaken in conjunction with UPDA's Aztec Well Services subsidiary, Heartland is well positioned to begin this new era," reports Mr. Fall. "I am very familiar with the management and approach of UPDA and I understand that it is my mission to move these projects forward without complacency. We intend to establish a new attitude of growth and success in Heartland beginning immediately."
