CNSV Has Recruited an Experienced Oil and Gas Management Team
HENDERSON, Nev., April 6 /PRNewswire-FirstCall/ -- Consolidation Services, Inc. ("CNSV") (OTC Bulletin Board: CNSV), Johnny Thomas, co-founder of CNSV introduces a new management team, with extensive oil and gas industry experience. The new management team will manage and operate CNSV while the previous management, Dr. Johnny Thomas and Mr. John Francis, will serve on the Acquisition Committee as CNSV pursues an aggressive acquisitions program.
Stephen M. Thompson assumes the CEO role for CNSV effective April 7, 2010. Mr. Thompson is founder, major shareholder, President and CEO of Leland Energy, Inc. and has been involved in the domestic energy industry for over thirty years. He is knowledgeable and experienced in all phases of the oil and gas industry including leasing activities, ownership and operations of drilling rigs, syndication and field operations. Mr. Thompson has current or previous business interests and relationships in investment banking, international art publishing and the gaming industry.
Mr. Gary Kucher assumes the role of President for CNSV effective April 7, 2010. Mr. Kucher is a seasoned executive with numerous appointments, directorships and consulting roles with both public and private companies in a variety of industries and business sectors. Mr. Kucher has a strong background in investment banking; having held privileged securities licenses, Series 7 and Series 24. He has provided consulting for business acquisitions and other commercial finance transactions to financial and strategic buyers, stock offerings, spin-offs, leveraged buy-outs and joint venture arrangements. Sourced and executed M&A deals for leading technology companies and selected venture investments. Advised banking, insurance, finance and investment banking companies on M&A and equity deals ranging from $1 Million to $200 Million.
Pamela J. Thompson, (no relation to Mr. Thompson) assumes the roles of Chief Financial Officer, Secretary and Treasurer for CNSV effective April 7, 2010. Ms. Thompson has over twenty years experience in the SEC compliance, tax and accounting for publicly traded companies, including oil and gas companies. She has served as CFO, Secretary, Treasurer and Director for several public companies traded on NASDAQ and OTCBB. Ms. Thompson was previously employed with the international firm Arthur Anderson and Pannell Kerr and Forester, and one of the large regional firms Eide, Bailey and Company. Her Sarbanes-Oxley Section compliance implementation experience has been focusing on assisting publicly traded companies with performing risk assessment on critical business processes and documenting business process controls. Ms. Thompson is a Certified Public Accountant in the State of Arizona and a member of the Arizona Society of Certified Public Accountants and Association of Certified Fraud Examiners.
According to Dr. Thomas, Co-founder and CEO/President since inception, "These management changes were made to insure that CNSV could properly manage its growing oil and gas asset base with experienced management, improve opportunities for investment banking support and allow Dr. Thomas and Mr. Francis to use their extensive acquisition experience to further the CNSV goal of increasing shareholder value through acquisitions."
About Consolidation Services, Inc.
CNSV is engaged in the acquisition and development of oil and gas mineral rights in eastern Kentucky. The Company owns oil and gas rights on approximately 13,500 acres in eastern Kentucky and Tennessee. The Company owns 39 oil wells and 19 gas wells.
Forward Looking Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and under the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "potential", "estimate" and similar expressions are intended to identify forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements.
Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
SOURCE Consolidation Services, Inc.
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