Message #1 From:
NewsBot Date: August 17, 2006 03:10:00 PM
NHCT News McDermit and Havens Join National
SAN DIEGO--(BUSINESS WIRE)--Aug. 17, 2006--National Healthcare Technology, Inc. (OTCBB:NHCT) is pleased to announce that John McDermit and Jason Havens have joined the advisory board of National. National is expanding its operations in oil and gas through the Gulf coast, and the involvement of both Dr. McDermit and Mr. Havens will have a substantial impact on the growth and the direction of the company as it relates to acquisitions, development and capital formation of the company.
It is expected that the first in a series of acquisitions will be completed in the coming quarter as well as the addition of key personnel in geology, petroleum engineering, lease acquisition and drilling.
John McDermit has extensive experience in the development, operation, and growth of both small and large companies. Over the past 30 years Mr. McDermit has been involved in the management and ownership of businesses in several parts of the world, primarily in the Far East and in Latin America. During his early career he led technology programs and consulted to NASA, McDonnell Douglas and Lockheed. Throughout his career he has focused on the execution of business plans and operations of the company. Mr. McDermit brings to National a large base of experience and relationships which will aid National in its growth and in its capitalization. Mr. McDermit holds a Ph.D. in Engineering Science, a B.S. and M.S. in Mechanical Engineering, and is a Registered Professional Engineer. He has received numerous academic and industry awards and is the author of over 70 publications. He is also a contributor to several books. He was recently recognized for his contribution to a book on business ethics.
Jason Havens is a nationally recognized tax attorney. Mr. Havens obtained two graduate law degrees, namely an LL.M. in International Taxation and an LL.M. in Estate Planning, in addition to his J.D. Mr. Havens' practice includes tax and estate planning for business owners and executives, complex charitable gift planning, and international tax and estate planning. Mr. Havens' professional affiliations include The Florida Bar and the American Bar Association, where he serves in several leadership roles and was appointed as a fellow of the American Bar Foundation. Mr. Havens also serves on several boards of directors including The ABLE Trust, to which he was appointed by Governor John Ellis ("Jeb") Bush, and the Capital Trust Company of Delaware.
Sam Petrossian, President and CEO of National, states that over the next several months National expects to begin drilling on the first of a series of locations which it has identified as targets for exploration.
About National
National is an oil and gas company with a focus on gulf coast oil and gas prospects and properties. National is a careful to develop a through drilling plan using the latest in technology in both mapping and the use of 3D seismic reports and information. National Energy trades under the ticker symbol NHCT. For more information on the Company visit www.Nationalenergyco.com.
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words "expects", "projects", "plans", and certain of the other foregoing statements may be deemed "forward-looking statements". Although National Energy believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the drilling of oil and natural gas wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil and natural gas drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks with respect to oil and natural gas prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and gas prices and other risk factors.
