AIGI sleeper News ....
B: ADAIR APPOINTS TWO ADDITIONAL MEMBERS TO ITS ADVISORY BOA
B: ADAIR APPOINTS TWO ADDITIONAL MEMBERS TO ITS ADVISORY BOARD AND PROCEEDS
WITH ITS POWER PROJECTS
HOUSTON, Jun 15, 1999 /PRNewswire via COMTEX/ -- John W. Adair,
Chairman/C.E.O and Mr. Jalal Alghani, Vice-Chairman of Adair
International Oil and Gas, Inc. (OTC Bulletin Board: AIGI) announce the
addition of two prestigious individuals to its advisory board. The two
individuals are Dr. Robert D.Hathaway and Mr. Pat M. Irani. These two
individuals will be very instrumental in the company's growth as
projects are developed in the Middle East and domestically, especially
on Native American Reservations.
Dr. Hathaway has served as Chief Executive Officer and Director for a
number of Native American tribes and has been very successful in these
endeavors. As Chief Executive Officer and Business Development Director
of the Chippewa Tribe he increased net profits from $1.2 million to $60
million in three years. "We are very fortunate to have Dr. Hathaway on
our Advisory Board and he will be very helpful in Adair's relationship
with Native American tribes," states John W. Adair, Chairman. Dr.
Hathaway is also a former Naval Aviator and is a registered member of
the Cherokee Nation of Oklahoma. Mr. Irani is an engineer by education
having graduated with a Mechanical Engineering Degree and has a Master
of Business Administration (MBA) from Harvard Business School
Affiliate. He is a Registered Engineer (P.E.) and is a member of the
American Society of Mechanical Engineers. Mr. Irani's expertise
includes natural gas pipelines and compressor stations. "Mr. Irani will
be very effective as Adair pursue its projects in the Middle East,"
Adair states.
Adair is expected in the near future with a major (NYSE) company, to
announce the construction of a 500 MW Natural Gas Power Plant in
Southern California with an approximate EPC cost of $300 million USD.
Adair has also signed two other sites for the development of natural
gas fired power plants at 500 MW's each. Adair will have equity in all
plants with Equity/Debt funding being organized through a major
financial house in New York at this time.
The Adair management is focused on developing the company into a major
independent through Power Development projects and by acquiring cash
producing oil and gas properties with drilling upside.
This news release contains forward looking statements within the
meaning of Securities Litigation Reform Act that involves risks and
uncertainties, including exploration, development, operational,
marketing, and implementation risks, and other facts described from
time to time in the company's public available SEC reports which could
cause results to differ materially.
SOURCE Adair International Oil and Gas, Inc.
(C) 1999 PR Newswire. All rights reserved.
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CONTACT: John Adair of Adair International Oil and Gas, Inc.,
713-621-8241 |
