Transzap, Oildex Appoint New Executive Leadership For Software Engineering And Sales Organizations

DENVER and HOUSTON, June 20, 2012 /PRNewswire/ -- Transzap, Inc., the parent company of Oildex™, the energy industry's leading provider of eRevenue, ePayables, eStatement, and eBudgeting Software-as-a-Service (SaaS) solutions, is pleased to announce the appointments of Mr. Michael Weiss as Vice President, Software Engineering, and Mr. Christopher Dinkler as Vice President, Sales. These appointments reflect Transzap's corporate growth initiative executed by the company's board of directors and President/CEO, Mr. Richard Slack.

Mr. Weiss brings over 25 years of extensive oil and gas software industry experience to Transzap, having previously served in a variety of senior level roles at leading energy technology companies, including; Halliburton/Landmark Graphics, WellPoint Systems, and GeoGraphix. At Transzap, Mike will lead a seasoned team of software engineers to grow the feature and product set for Oildex, the energy industry's leading web-based data exchange and workflow solution for oil and gas companies. The engineering efforts led by Mr. Weiss will simplify workflow, streamline reporting, and improve data sharing for Oildex's network of more than 6,000 companies/clients and 170,000 registered users.

Mr. Dinkler brings over 20 years of oil and gas accounting and software sales experience to Transzap, having previously served in a variety of senior level sales positions with oil and gas technology companies, including; P2 Energy Solutions, WellPoint Systems, and BOLO Systems. At Transzap, Mr. Dinkler will lead a highly qualified team of sales executives to expand the company's portfolio of customers by providing solutions that simplify financial and operational processes for energy companies through the use of digital data and collaborative workflow tools.

"The appointment of Mike Weiss to Vice President of Software Engineering, and Chris Dinkler to Vice President of Sales, will augment Transzap's strong executive team and reinforce our commitment to deliver market-leading technology solutions," said Richard Slack, Transzap President and CEO. "I am pleased to have seasoned executives of this caliber join Transzap's leadership team, and I look forward to working with them as we explore new ways to add value to our customers' operations."

About Transzap, Inc.
Transzap™, the parent company of Oildex, provides eRevenue, ePayables, eStatement, and eBudgeting Software-as-a-Service (SaaS) solutions to over 6,000 companies and 170,000 registered users in the oil and natural gas industry. The Oildex suite of services streamlines operations, enabling companies to shift from paper-based processes to electronic, and provides tools for companies to track and understand their transactions in near-real time. Currently available services include: digital and scanned invoice processing (Spendworks™), business intelligence (Trendx™), owner/producer relations data posting (Owner Relations Connect™), check stub reporting (Checkstub Connect™ - CDEX), scanned check stub reporting (CDEX Complete™), joint interest bill processing (JIB Connect™), scanned JIB processing (JIB Complete™), budget creation and approval (AFEworks™), crude oil data exchange (Run Ticket Connect™ - CODE), and production and sales volume reporting. Transzap has offices in Denver and Houston. For more information, please visit www.transzap.com or www.oildex.com.

SOURCE Transzap, Inc.