Big news out on AIGI
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 - news) 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. |
