Liberty Energy Corp. Announces Expansion of Business Plan and Management
HOUSTON, April 3, 2013 (GLOBE NEWSWIRE) -- Liberty Energy Corp. (OTCBB:LBYE)
("Liberty" or "the Company") is pleased to announce the launch of its expanded
business plans in conjunction with the appointment of its newly formed board
of directors and investor relations executive.
Liberty has made the following appointments:
Richard Webb as member of the Board of Directors.
*Extensive background in Houston, TX investment and banking communities,
serving in various executive and direction positions including serving on
the board of directors for Weatherford International (NYSE:WFT).
*Mr. Webb is an Investment Banker starting three investment banking firms
including Managing Director, and founding partner of AWDB Capital, LLC,
*He received a BBA in Finance from the University of Texas and has
completed the Wharton Institute of Investment Banking in Philadelphia,
Dennis Irwin as member of the Board of Directors and acting CFO.
*19 years of experience in financial management and public accounting.
*Mr. Irwin served as chief financial officer of Best Energy Services, Inc.
a publicly traded $25 million energy services company, as well as Chief
Financial Officer and Controller of Zupan's Markets, a privately held $50
*He holds a CPA license in the State of Oregon and earned a
post-baccalaureate accounting certificate from Portland State University.
David Sexton as Investor Relations executive.
*Mr. Sexton brings 35 years of experience to Liberty Energy Corp. with an
excellent understanding of overall downstream, chemical and midstream
energy sectors, with a focus on functional/business improvement.
*Mr. Sexton spent 30 years with the Royal Dutch Shell Group PLC
(NYSE:RDS-A). One of his assignments while there was to manage the
Investor Relations program for the Americas. He also spent 4 years with
Sunoco, Inc. and started his career at Arthur Andersen and Co.
*Mr. Sextonreceived his Bachelor in Business Administration from Texas A &
M University, his JD from South Texas College of Law and an MBA from the
University of Houston.
Liberty's renewed focus through its expanded business plan includes seeking
partners to develop its oil & gas leases in oil rich counties of Bastrop,
Caldwell and Eastland Counties as well as focusing aggressively on
acquisitions within the upstream oil & gas segment including either
exploration and production or oilfield service businesses.
As part of the expanded business plan the board of directors has set forth an
aggressive communication program to connect David Sexton, Investor Relations
Executive with Liberty's shareholder base as well as open up discussions with
the investment community.
Feel free to contact David Sexton directly at 1-832-708-3909 or email
email@example.com to request additional information and ongoing updates.
ABOUT LIBERTY: Liberty Energy Corp. (OTCBB:LBYE) is an Independent Oil and Gas
Exploration and Production Company dedicated to the sourcing and production of
fuel supplies in the United States. Headquartered in Houston, Texas, the
company has signed agreements to acquire leases and royalties in Texas,
covering several leases with extensive potential for future development. In
Texas, three leases – are identified as rich oil and gas sites based around
numerous geological pay zones. Currently the company is targeting acquisitions
within the E & P or oilfield services of the upstream oil & gas segment.
Certain statements in this press release are forward-looking and involve a
number of risks and uncertainties. Such forward-looking statements are within
the meaning of that term in Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as amended.
Liberty Energy Corp. bases these forward-looking statements on current
expectations and projections about future events, based on information
currently available. The forward-looking statements contained in this press
release may also include statements relating to Liberty Energy Corp.'s
anticipated financial performance, business prospects, new developments,
strategies and similar matters. Liberty Energy Corp. disclaims any obligation
to update any of its forward-looking statements, except as may be required by
ON BEHALF OF THE BOARD OF DIRECTORS,
Liberty Energy Corp.
Ian Spowart, Chief Executive Officer
CONTACT: Liberty Energy Corp.
Two Allen Center
1200 Smith Street
Houston, TX 77002
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