Paradigm Oil and Gas, Inc.'s President Speaks to the Shareholders
EUSTACE, Texas, Feb. 14, 2013 /PRNewswire/ -- Paradigm Oil and Gas, Inc. (PDGO) --
When I was asked to take a look at Paradigm Oil & Gas and to join the Company by Todd Violette, the CEO of Paradigm Oil & Gas, I told him that I knew nothing about the Oil & Gas industry but I had a vision and an understanding of Business being the successful entrepreneur that I am. So I booked a trip to Texas and traveled for several days spending about 18 hours a day looking at land leases and oil wells in two states Louisiana and Texas.
I would start my day at 4:00AM in the rain, cold and even snow in some parts; going through the fields where oil was produced, speaking with the locals, the farmers and oil workers from these towns to verify what we were up against. After the trip, I assembled a group of Investment Bankers and real Oilmen with excellent reputations that have over 150 years combined of experience in the Oil & Gas Industry to be part of an Advisory Board for Paradigm Oil & Gas.
So now I have been in the Company for 60 days and have put the pieces together with the properties, Technicians, management and most recently entered into a couple of contracts for our centurion technology Division.
It was an amazing surprise to have the great fortune to have hit oil on our first day out prepping our wells. This should make Paradigm Oil & Gas, an Oil Producing Company with two revenue streams – Oil Production and Technology.
The work has just begun because we have a tremendous vision to have land in three states and the option to double or triple this in the next year, so what I'd like to say to our shareholders is. CONGRATULATIONS and a heartfelt THANK YOU for your support as of today!
About Paradigm Oil and Gas, Inc.
Paradigm Oil and Gas Inc. (OTC Pink: 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.
About Vince Vellardita
Mr. Vellardita is a 35 year veteran in the industry who began his career as a fast-paced music producer and executive and has been involved in over 200 Specials and Concerts bringing U2 and Duran Duran to the United States, and being involved in thousands of episodes of Television, over 100 Films as well as Las Vegas Shows, Broadway Shows with some of the biggest acts in the world. He also produced a White House Presidential Campaign, Super Bowl 2006 Motown Rap Show, the Beach Boys 40th Anniversary Special and the MGM Grand Special, 50TH Anniversary of Michel Legrand and Friends.
Mr. Vellardita bought his first TV station in Nashville and built it into a television network with over 35 TV stations servicing over 9 million households, housing multiple sound stages and edit bays, as well as increasing revenues by bring in national accounts to this network. With Mr. Vellardita's diversified background and successful track record in Los Angeles, he then developed independent productions studios and focused on film and television from building the sound stages to all aspects of deal making as well as luring some of the biggest names in the television and motion picture community, including Paramount, Warner Brothers and Disney. He became the largest independent studio owner/operator in the country consisting of 20 Soundstages, 12 acres of land, over 600,000 square feet of Production Support and a back lot.
Mr. Vellardita has brought his entertainment vision to the world of auctions, turning the events into a fun and celebrity filled experience and personally responsible for close to $100 Million in sales as a Producer and/or Creator and broadcasting in 80-100 Million Homes, via The Ion Network, Dish Network, Direct TV and the USA Network.
Mr. Vellardita purchased a Faith Based Television Network for 1.5 million dollars, which was in 7-10 million homes with roughly 30 TV Station affiliates and paid if off in 2 years and was able to grow it to 90 TV stations and secure it into 34 million homes.
Mr. Vellardita was instrumental in bringing celebrity influence to endorse a live TV and Radio auction for timeshare vacations which sold One Million dollars per day, the company was eventually sold to Goldman Sachs for $450 Million. Some of those celebrities included: Chevy Chase, Roseanne Barr, Penelope Ann Miller, Lorenzo Lamas, Robert Thicke and Tonya Roberts. He also held an auction for Kathy and Paris Hilton at the Baron von Hilton estate to raise money for the Make-a Wish Foundation. The auction was successful as a television and internet component, with Paris Hilton and Avril Lavigne . Another auction he was involved in was The Osbourne Collection, where personal art, furnishings and memorabilia from Sharon and Ozzy Osbourne. Mr. Vellardita was also involved in other auctions such at the Grammy's Auction with personal memorabilia from Sting, Beyonce and U2.
Finally, when the real estate market had a downturn, Mr. Vellardita took his vision to infuse the entertainment value into home auctions and worked with some Auction Companies, such as Williams & Williams and Realty Bid, to create a live broadcast on TV and the internet along with radio spots; generating over 6700 phone calls per hour, and the sale of over 1000 homes. Mr. Vellardita's excellent reputation in the entertainment industry allowed him to maintain a 10 year contract with Paramount Pictures and Walt Disney Corporation while being involved in the production of several thousand episodes of television and hundreds of films.
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.