News after the bell on ** KTNV **; New CFO appointed who was "formerly a partner with Coopers & Lybrand where he worked for 15 years
specializing in taxation, accounting and securities matters."
This is a quality company folks! By the way, this is the third PR of the day
***
(PR NEWSWIRE) Aspen Group Resources Corporation Names Peter Lucas Vice Presid
Aspen Group Resources Corporation Names Peter Lucas Vice President and Chief
Financial Officer; Connie Garrett Promoted to Comptroller
OKLAHOMA CITY, March 13 /PRNewswire/ -- Jack E. Wheeler, Chairman,
President and CEO of Aspen Group Resources Corporation,
(OTC Bulletin Board: KTNV; CDN: CVZC), today announced that Peter Lucas has
been named Vice President and Chief Financial Officer of the Company.
Mr. Lucas replaces Bruce Scambler who recently resigned to pursue other
business opportunities.
Mr. Lucas is a Certified Public Accountant with more than 20 years
experience in the oil and gas field and he joins Aspen Group from Westover
Communications where he served as Senior Vice President and Chief Financial
Officer. He was formerly a partner with Coopers & Lybrand where he worked for
15 years specializing in taxation, accounting and securities matters.
"With his breadth of experience in our industry as well as his experience
and expertise in securities, Peter is a very valuable addition to our
Company," commented Mr. Wheeler. "It is very important for us to have a
proactive Chief Financial Officer with exceptional knowledge of the oil and
gas industry as Aspen Group moves forward with our efforts to further increase
our Shareholders Value."
Mr. Lucas is a 1978 graduate of the University of Alberta. He is a member
of the Canadian Institute of Chartered Accountants and passed the American
Institute of Certified Public Accountants (AICPA) Reciprocity Examination in
1993.
In a related development, Mr. Wheeler also announced the promotion of
Connie Garrett to the position of Comptroller for Aspen Group. Ms. Garrett
has more than 24 years experience in the oil and gas accounting field with
such major companies as Mustang Fuel and Eason Oil. Ms. Garrett is a member
and past officer of the Council of Petroleum Accountants Society.
"Connie joined our accounting staff during a long and distinguished career
in her field. Her outstanding efforts in managing our day-to-day financial
needs make her promotion to Comptroller a very natural move for us,"
Mr. Wheeler said.
Aspen Group Resources Corporation is an oil and gas exploitation,
production and development company based in Oklahoma City. The Company
currently owns interests in approximately 500 wells and an equivalent number
of offset locations in eight states but with a predominant focus in Oklahoma
and Texas.
The information in this news release includes certain forward-looking
statements as defined in the "Safe Harbor" provision of the Private Securities
Litigation Reform Act of 1995. These statements are based upon assumptions
that are subject to significant risks and uncertainties. Although the Company
believes that the expectations reflected in forward looking statements are
reasonable, it can give no assurance that the expectations of any of its
forward-looking statements will prove to be correct.
SOURCE Aspen Group Resources Corporation
-0- 03/13/2000
/CONTACT: Jack E. Wheeler, Chairman, President and CEO, 405-606-8500, or
877-504-8500; or Michael A. Branch, Director of Communications, 405-767-9185,
both of Aspen Group Resources Corporation/
/Web site: asgrc.com
(KTNV) |
