SCOTTSDALE, Ariz., Jan. 12, 2015 /PRNewswire/ -- Delta International Oil & Gas, Inc. (OTCC NY: DLTZ) ("Delta" or the "Company") announces that their CEO, Malcolm W. Sherman, is to retire effective December 31st, 2014.
The Delta Board of Directors appreciates the time and efforts expended by Mr. Sherman over the past two years that Malcolm has served as CEO during the transition after the loss of Dr. Peralta.
"Doing Business in Argentina has been challenging over the past few years, to say the least. Mr. Sherman has steered the Company through some very difficult and stressful times. Thanks to his leadership, the Company is now positioned for some potentially interesting and exciting opportunities that now lie ahead," stated Phillips W. Smith Chairman.
"Santiago Peralta will serve as the interim CEO until we have sufficient time to conclude some current business opportunities that Malcolm has uncovered for the Company," stated Phillips W. Smith.
About Delta International Oil & Gas, Inc.
The common shares of the Company are currently listed on the OTCC Market (symbol: DLTZ ). For further details on the Company readers are referred to the Company's web site (www.deltamutual.com), and to the United States regulatory filings on EDGAR at www.sec.gov.
Phillips W. Smith
Phone: 1(480) 280-9192
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, which may include statements about business strategy and development plans, plans for entering new business, anticipated sources of fund, including proceeds from future operations and plans, objectives, expectations and intentions contained in the Press Release that are not historical facts such as "estimated gross"...prospective resources, total potential revenue, substantially exceeds, etc.". Because these forward looking statements involve risk and uncertainties, actual results could differ materially from those discussed in this Press Release. These risks are outlined in our SEC filings.
SOURCE Delta International Oil & Gas, Inc.