Guar Global Appoints Agri-Business Focused Oil & Gas Specialist as CTO
Guar Global Appoints Agri-Business Focused Oil & Gas Specialist as CTO
Company Enjoys Unique Opportunity to Employ Guar Expert With Extensive Background in Hydrocarbon Extraction
DALLAS, TX -- (Marketwired) -- 09/04/13 -- Guar Global Ltd. (OTCQB: GGBL) ("Guar Global" or the "Company"), a company aiming to implement innovative technologies and methods to increase crop yields of guar, an organic gelling agent used extensively in hydraulic fracturing by the oil and gas sector, is pleased to confirm the appointment of Dr. Subodh Kumar Singh to the position of CTO.
Dr. S. K. Singh's professional background brings together a uniquely blended perspective and career experience encompassing agricultural business practices specifically related to oil and gas operations. Since 2003 he has held the position of Faculty, Department of A&S, SGU in South Dakota where along with his teaching duties, he directs research projects focused on geothermal energy development, and multi-phase fluid flow simulation assisted exploration and production of hydrocarbons in the South-Central South Dakota part of the Niobrara formation. Previously, in 2010-2011, he performed an engineering role with Halliburton Energy Services on directional drilling projects in the prolific Bakken oil field in North Dakota. Prior to this (1999-2000), he was a project manager for India Glycols Ltd, a leading oil field chemical manufacturer in Kashipur, India, where he directed the establishment of a new 100% export oriented drilling and stimulation fluid additives manufacturing and processing project. From 1994 to 1999 he worked as QC - R&D Head, Production Head and Director for VIKAS WSP Ltd. of India, a publicly traded leader in the manufacturing and export of guar gum powder. During this period he assisted in the development of new value added products viz. high viscosity guar, rapid hydrating guar, bacteria free products and a platform of super adsorbent products for drilling mud and stimulation fluids for the oil & gas industry.
Dr. Singh is a US citizen and resides in South Dakota. He earned his B.S., (Chemistry, Environmental Science, Microbiology) in 1989 at the University of Ajmer, India; M.S., (Physical Chemistry), 1991, at the University of Ajmer, India and his Ph.D., (Polymer Chemistry) in 1994 at the University of Jodhpur, India (Thesis - Synthesis and physico-chemical evaluation of hydrophilic gel type resins). He went on to earn an M.S. (Petroleum Engineering) in 2009 at the Mewbourne School of Petroleum & Geological Engineering, University of Oklahoma, USA. He has received numerous continuing educational accreditations from both prestigious academic and industry organizations; he is a member of the Society of Petroleum Engineers, American Chemical Society, ACS-Polymer Division, NSTA, AAPG, and ACCTI along with authoring numerous publications and presentations. He can regularly be found updating his popular blog on guar at www.linkedin.com/groups/IndianGuar-4847677 or in the fields developing new high yield guar cultivars.
Guar Global CEO, Mr. Michael Shores, comments, "If you were to look around the world today, you would be hard pressed to find another individual who so clearly and thoroughly understands the synergies, issues, and opportunities that guar gum can bring to the petroleum industry. Dr. Singh not only knows what it takes to develop guar operations from farm field to down-hole applications, but he really understands the need for a consistent high quality product that responds to the evolving needs of the oil and gas sector. We are confident that with his guidance we can develop a business model that not only streamlines the farm-to-oilfield process, but also ensures the end user receives the very best product available."
Additional details regarding Guar Global, Inc., its business, agreements and related matters are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission ("SEC"), and are available at the SEC's website at www.sec.gov. For more information, visit our website at www.guarglobal.com.
About Guar Global, Inc. (OTCQB: GGBL) Guar Global is a research-driven development stage company aiming to implement new, modern strategies to increase yields of guar crops as a high quality product for the oil and gas sector. In the last two years, guar gum demand has tripled worldwide mainly because of its use in hydraulic fracturing activity, especially in the U.S. With no viable alternative to guar gum on the horizon, and demand remaining high, we consider the present guar industry ripe for significant growth. Guar Global believes it has identified a noteworthy opportunity to introduce new agricultural technologies aimed at increasing local farm productivity as an economic driver for the guar production sector. Find out more at www.guarglobal.com.
Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, references to new technologies, targeted research and increased crop yields and quality, our business and product development plans, demand for guar gum, streamlined processes, value for service, and potential growth of the guar industry. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with developing relations in India, the development of new agricultural technologies, farm methods and related infrastructural and logistical matters related to operating as a development stage company, including our ability to raise the additional funding we will need to continue to pursue our business and development plans, our ability to develop a customer base, competition in the industry in which we operate and market conditions. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents we file with the SEC, available at www.sec.gov.
On Behalf of the Board,
Michael C. Shores Guar Global Ltd.
Contact: GGBL Investor Relations Tel: 212-671-1020 x304 firstname.lastname@example.org Website: www.guarglobal.com