Message #5 From:
Stock News Bot Date: December 1, 2005 07:52:00 AM
TSNU News Touchstone Resources USA, Inc. Announces the Appointment of Robert E. Irelan to Its Board of Directors
HOUSTON--(BUSINESS WIRE)--Dec. 1, 2005--Touchstone Resources USA, Inc. (OTCBB:TSNU) ("Touchstone" or the "Company") is pleased to announce the addition of Mr. Robert E. Irelan to the Company's Board of Directors. Mr. Irelan has been involved with the oil and gas industry for over 37 years prior to retiring as Executive Vice President of Worldwide Operations of Occidental Oil and Gas Corporation. He had previously worked for Conoco, Inc. in a series of increasingly responsible positions including Manager of Projects and Engineering for Conoco's worldwide engineering organization, Manager of Conoco's Worldwide Production Budgets and Planning, Managing Director of Conoco United Kingdom Ltd., and Regional Manager for Conoco Upstream Onshore.
Upon his retirement from the petroleum industry, Mr. Irelan engaged in several entrepreneurial ventures including Rapid Retail Solutions, LLC - a computer solutions company for the restaurant business, and BISS Product Development LLC - a new product design company.
Mr. Irelan is a graduate of Colorado School of Mines with a BS in Petroleum Engineering, including advanced studies in Mineral Economics.
Roger Appel, CEO of Touchstone, said: "Mr. Irelan brings a wealth of experience in the worldwide oil and gas business. He brings a high level of talent and energy to the firm and has been particularly successful in leading corporate business improvement initiatives. I'm pleased he has agreed to join our board."
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. All statements other than statements of historical fact contained herein, including without limitation, statements regarding the Company's future financial position, business strategy, activity, budget, projected revenues, projected costs and plans and objectives of management for future operations are forward-looking statements. The words "estimate", "project", "intends", "expects", "believes", "may", "will", "should", "could", or "would", the negative of such terms or similar expression are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to management pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause the Company's actual results, events, or financial position to differ materially from those included within the forward-looking statements. These factors include but are not limited to our ability to identify, acquire and develop oil and gas properties, our assumptions about reserve prospects, the availability of capital resources, the price of oil, natural gas and other products and services, drilling risks, future processing volumes, and pipeline throughput as well as those factors set forth in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
