I didn't see this latest press release (Oct. 13) of ERHC on the SI. Just wanted to update the boards. Lets hope the stock price can turn around. I think a lot of people are upset out there due to this bear market we are in, which is largely attributed to Clinton.
Environmental Remediation Holding Corporation Announces Appointment of Senior Vice President of New Business Ventures
October 13, 1998 10:51 AM
LAFAYETTE, La.--(BUSINESS WIRE)--Oct. 13, 1998--Environmental Remediation Holding Corporation ERHC announced today that Noreen G. Wilson, has been promoted to Senior Vice President of New Business Ventures. Additionally, Wilson will continue to serve as the Company's Chief Financial Officer. James R. Callender, Sr., President and Chief Executive Officer stated: "Ms. Wilson's leadership, financial, and negotiating skills are first rate. Ms. Wilson was instrumental in negotiating the Sao Tome and Principe Concession, additionally, she was at the forefront of talks with Schlumberger/Geco PraklaSLB and MobilMOB , negotiating the best possible agreements for STPETRO, S.A., the National Oil Company of Sao Tome and Principe. As the leader of new business development, we believe her superior abilities will be invaluable to growth strategy." Wilson added: "Consolidating the Company's position in The Democratic Republic of Sao Tome and Principe has been my first priority. With the concession secured, I can focus on non-dilutive funding for the ERHC. Additionally, after spending four and six week periods in Sao Tome I look forward to spending more time in the United States and moving forward with the Panama Canal concession as well as several major pending projects. Finally, and with Mr. Callender's full, support, I intend to launch an investigation into the trading practices of the Company's stock. Shorting is a perfectly legitimate practice; however, illegal shorting and market manipulation affects, our long-term, dedicated shareholders. I would not continue to serve as the Chief Financial Officer of ERHC, without investigating these practices as our shareholders deserve only the best for the near and long term." Environmental Remediation Holding Corporation is an independent oil and gas company engaged in the exploration, development, production and sale of crude oil and natural gas properties. Its current operations are focused domestically in Texas and Utah, and internationally in the Democratic Republic of Sao Tome and Principe. For more information concerning ERHC, please visit the Company's website at www.erhc.com. Safe Harbor Act Notice: Certain matters discussed in this news release are forward-looking statements, as it is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to a number of known and unknown risks and uncertainties including, but not limited to, fluctuation in the price of crude oil and natural gas, the success of exploration efforts, the timeliness of development activities in Texas, Utah, and the Gulf of Guinea, West Africa, changes in the political and economic environment in ERHC has international operations, as well as availability of human and financial resources, which may cause actual results to differ materially from those expressed in any forward-looking statements made on behalf of ERHC.
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