EUSTACE, Texas, Nov. 19, 2012 /PRNewswire/ -- Paradigm Oil and Gas, Inc. (PINKSHEETS: PDGO) announced today that the company has hired a new President, Vince Vellardita who brings years of experience and endless connections to the company.
Mr. Vellardita brings 35 years of experience in business and banking and has been involved in running several public companies, the latest being in the Entertainment Production industry www.bridgeporttv.tv. Vellardita has raised over $200 Million dollars for at least 10 companies in the past 20 years and has a long list of Wall Street banking contacts.
Mr. Vellardita has produced Presidential Campaigns and has directly worked with many high profile clients and governments throughout the world. He has also produced Super Bowl half time shows, movies, and live theater events from Broadway to Las Vegas. His connections run deep and he hopes to ignite new interest and energy in Paradigm Oil and Gas, Inc.
Vince Vellardita, President of Paradigm Oil and Gas, Inc., stated, "I see the United States becoming the number one oil producer and soon to be ranking as one of the top exporters throughout the world. The more I research; I find what Paradigm Oil and Gas, Inc. has in the company and find it very exciting. I'm looking forward to developing these assets to their maximum potential and making Paradigm Oil & Gas a full revenue generating company and bottom line earnings for the shareholders."
Todd Violette, CEO of Paradigm Oil and Gas, Inc., stated, "I'm thrilled to bring a true entrepreneur and visionary into the Paradigm Oil & Gas family. I've known Mr. Vellardita for many years and have watched him succeed in the investment banking community. I am looking forward to his opinion and direction as to where the Company should move towards generating more cash flow."
About Paradigm Oil and Gas, Inc.
Paradigm Oil and Gas Inc. (PINKSHEETS: PDGO) is a dynamic company in business to both provide service work to the oil and gas marketplace and to produce oil. Paradigm's goal is to identify oil producing wells and use modern technology to make them profitable based on modern commodity pricing. For more information about Paradigm Oil and Gas, visit the website at www.paradigmoilinc.com.
Forward Looking Statements.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Paradigm Oil and Gas, Inc., is a company with limited experience in the oil and gas industry. At the time of this release Paradigm Oil and Gas, Inc. lacks the financial capabilities to meet its financial obligations and its management expects to dilute the Company's shares to raise the necessary operating capital. Based upon industry standards Paradigm would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider are that this list is limited and additional risks not mentioned may apply: failure to meet Paradigm's financial and contractual obligations, Paradigm's managerial errors made based upon the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
Todd Violette, CEO
Paradigm Oil and Gas, Inc.
SOURCE Paradigm Oil and Gas, Inc.