03-Jul-2011 Message from President
03/07/2011
A new beginning for Ness is in the process. I have to apologize for the absence of updates and communications on the website and emails. Frankly, we had more questions than answers ourselves. We were and still are dealing with all sorts of SEC related issues and working on auditing financial statements that have not been done since 2005. We have been doing our best to deal with various legal issues, the continual challenges with the restoration process, not to mention running and managing challenges of our own oil and gas company. Many have not understood our lack of communication, but this paragraph is an attempt to give a general understanding of some of the reasons. I can speak for everyone in our office that 2010 was one of the most challenging years of our careers in the oil and gas industry and most of the challenges relate back to our commission to restore and move forward as Ness Energy.Currently, the acting controller, Mr. Bob Lee continues to work diligently on bringing all of the accounting up to date. When the audit is complete and the SEC (10 K) filings are complete many questions will be answered about the number of shares outstanding and other questions will then have answers. As I have mentioned in another communication, Mr. Lee has had to overcome many challenges in piecing back together all of the accounting detail and documentation to meet the SEC requirements so the accounting firm may provide an “unqualified” audit. That is our goal, to provide complete accounting records and documentation to meet the SEC standards for an unqualified audit. We have been projecting the accounting work would be finished in the next “week or two” for several months now. We estimate we are 85% to 90% complete with the accounting documentation and the information ready to be submitted to the accounting firm for the completion of the audit. We still cannot give a hard date, but hope to have a complete audit in two months or less? We cannot complement and thank Mr. Lee sufficiently for all he has persevered and accomplished when there was very little to work with. Thank you Bob, for all of the hard work you have done through this point in time. We could not accomplish the restoration without you.Trip to IsraelOn September 23rd of 2010 I made my first trip to Israel as the president of the company. It was a true honor to make that trip knowing that Ness would soon be back on track to accomplish its mission in Israel. The trip was made for several reasons. One main reason was to drive to and walk over and field check some areas that we feel may be of interest for future exploration for oil and gas. Another purpose for the trip was to meet with a person with the Cyrus Foundation who shares a parallel vision of providing assistance and housing for those of Jewish decent who lack the financial resources needed to move to Israel. We were able to visit some prospective communities for the purpose of identifying future building sites for residences that will be required as a greater number of Jews are forced to move to Israel in the coming years. We also have a business relationship with a person in the US who is working to provide aid of all sorts to the suffering Palestinians. This person has made us aware of a great need to non-Jews in Israel which will be a part of our future assistance plan. We met with our legal counsel who represents Ness Energy International and Viceroy as it concerns a lawsuit in Israel. In the lawsuit filed by Alpha Capital the court has allowed Viceroy to be named along with other parties as a defendant in the lawsuit. We are working to protect Ness’ and Viceroy’s interests in Israel through our legal efforts. Additionally, we met twice with a principal officer of an Israeli oil and gas energy exploration company to discuss a possible partnership in their company. I discovered much has changed in Israel since my last trip, which was taken back in 1999 when I traveled with the geophysicist Ness contracted to perform a work study on the license area it held at that time. The country’s growth has exploded! Current and Future GoalsWe are focused on restoring Ness to a fully reporting public entity. We will create a viable and prosperous oil and gas producing company under the direction and experience of a core of seasoned oil and gas industry professionals that understand the original Christ centered vision under which the company was founded. We will continue to build on and expand the vision in order to take the company to progressively higher levels of purpose and profitability.
Answers to a few questions recently asked: No Preferred stock has been issued. Mr. Lee has reviewed all the corporate minutes and we have a current copy of the stockholders list and there has been the reporting of no preferred shares issued, only common stock. I want to state also that as soon as the overshadowing legal issue is settled, additional like minded directors and officers will be named. I will remain the sole officer and director until then. We will also consider advisory board positions as we move forward.We will be providing details on the lawsuit with Alpha Capital in the coming communications. The communication will also provide some information about the Ness Energy of Israel, Inc. ownership history.In my Message from the President dated February 25, 2011, I indicated that "Viceroy currently retains any ownership acquired in Ness Energy of Israel, Inc." I used the words "any ownership" because there are competing claims to the ownership of Ness Energy of Israel, Inc., which are being asserted in a federal court lawsuit by Viceroy and others. The federal court has entered a preliminary injunction prohibiting Viceroy from holding itself out as the owner of Ness Israel and until the lawsuit is finally decided by the Court on the merits, ownership of Ness Energy of Israel, Inc., is uncertain.I MUST CONTINUE TO WARN EVERYONE THAT THERE ARE STILL LEGAL ISSUES TO RESOLVE AND DEBTS TO PAY OFF BEFORE THE COMPANY IS IN ORDER AND CURRENT ON ITS SEC FILINGS. WE WILL BE FILING OTHER ANNOUNCEMENTS CONCERNING MATERIAL CHANGES THAT WILL OCCUR IN THE COMING WEEKS.
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