(PR NEWSWIRE) Adair Appoints Two Additional Members to Its Advisory Board
Adair Appoints Two Additional Members to Its Advisory Board and Proceeds With
Its Power Projects
HOUSTON, June 15 /PRNewswire/ -- 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.
-0- 06/15/99
/CONTACT: John Adair of Adair International Oil and Gas, Inc.,
713-621-8241/
/Web site: aigionline.com
(AIGI)
CO: Adair International Oil and Gas, Inc.
ST: Texas
IN: OIL
SU: PER
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