EUSTACE, Texas, Sept. 23, 2013 /PRNewswire/ -- Paradigm Oil and Gas, Inc. (OTC PINK: PDGO) ("Paradigm") today put the finishing touches on a corporate make-over, unveiling a new and enhanced web site, complete with a high-end video corporate mission statement.
As part of its ongoing efforts to rebrand and enhance the Company's image, the "New Look" comes just weeks after Paradigm Oil and Gas filed 2nd quarter returns, posting revenue for the first time in almost 2 years. "We are very proud of the website's design and functionality and believe visitors will find that the new corporate mission statement does a great job of telling our story," explains Vince Vellardita, President and CEO of Paradigm Oil and Gas.
Supporting Vellardita's claim, Paradigm Oil and Gas reports that oil production from some of its nearly 200 wells has begun and projects a steady increase as part of the Company's initiative to expand oil and gas production. This news comes as Paradigm continues efforts to reduce liabilities and grow revenue from its support services operation which features their "Centurion" mobile drilling platform, an exclusive, technologically advanced oil recovery system.
"Our image transformation reflects our business transformation," Vellardita added. The Paradigm Oil and Gas CEO went on to say, "We are proud of the job our management team has done turning the company around and are confident that shareholders will see proof of the Company's progress in the very near future."
Paradigm Oil and Gas welcomes anyone interested in learning more about the company to visit their new web site at www.paradigmoil.com.
About Paradigm Oil and Gas, Inc.
Paradigm Oil and Gas Inc. (OTC Pink: PDGO) Paradigm Oil and Gas is a leading service provider to the oil and gas industry with expanding operations in oil and gas production. Paradigm's Support Services Division includes a fleet of advanced "Centurion" mobile drilling platforms which feature exclusive oil recovery technology, as wells as bulldozers, graders, water trucks, and environmental equipment. Specializing in the use of advanced recovery techniques to make producing and non-producing wells profitable, Paradigm is a growing oil and gas producer, currently holding 23 leases with nearly 200 wells. Paradigm has secured and is aggressively pursuing additional land options that will significantly increase its oil and gas production capabilities. For more information about Paradigm Oil and Gas, visit www.paradigmoil.com. If you wish to be added to Paradigm's mailing list, please email: [email protected].
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.