Message #4 From:
Stock News Bot Date: November 29, 2005 10:24:00 AM
TSNU News Touchstone Resources USA, Inc. Announces Appointment of R. Gerald Bennett to Its Board of Directors
HOUSTON--(BUSINESS WIRE)--Nov. 29, 2005--Touchstone Resources USA, Inc. (OTCBB:TSNU) ("Touchstone" or the "Company") is pleased to announce the addition of R. Gerald Bennett to the Company's Board of Directors. Mr. Bennett has extensive business experience in the petroleum and related industries. From July 2000 until March 2005, he served as President and CEO of Total Safety, Inc., a safety services provider to the energy industry. Prior to that, he worked for Equitable Resources, Inc., as President and CEO of ERI Supply and Logistics where he directed oil and gas exploration, midstream operations, and wholesale marketing efforts. During his career, Mr. Bennett has served as President of Enron Gas Services, Chairman and CEO of Houston Pipeline Company, President and COO of Perry Gas Companies, Vice President of Parker Drilling Company, and Manager of Gas Activities for Conoco, Inc.
Mr. Bennett is currently a Director of the Memorial Hermann Healthcare System Board and Chairman of the Memorial Hermann Hospital Board.
Mr. Bennett has served on the board of directors of Enron/Dominion Cogeneration Company, TransTexas Natural Gas Co., Southern Gas Association, Gas Research Institute, Association of Texas Intrastate Natural Gas Pipelines, Gas Processors Association, and Natural Gas Supply Association. He has also served as a member of the American Gas Association Supply and Marketing Committee.
Mr. Bennett is actively involved in numerous civic, educational and business organizations. These include serving as a Director of the Houston Music Hall Foundation and Chairman of the Building and Operations Committee, Trustee on the Advisory Board of the Houston Ballet Foundation, Senior Fellow and past Vice President of the American Leadership Forum, member of the Oklahoma State University Engineering Hall of Fame and the Oklahoma State University Human Environmental Sciences Hall of Fame, and Trustee of the Texas Tech University School of Industrial Engineering Advisory Council. He has previously served as past President of Theatre Under the Stars, past member of the Oklahoma State University Development Board and Oklahoma State Foundation Board of Governors, past member of the Visiting Advisory Board for the Oklahoma State University School of Industrial Engineering and Management, past board member and chairman of the Texas Tech University Industrial Engineering Advisory Board, past member of the Texas Environmental Education Partnership Board, past director of the Houston Forum, and as an Elder, Deacon and as Treasurer of Memorial Drive Presbyterian Church.
Mr. Bennett is a graduate of Oklahoma State University with a B.S and M.S in Industrial Engineering and Management, and a graduate of The Harvard Business School Program for Management Development.
Roger Abel, Chairman and Chief Executive of Touchstone, said, "Mr. Bennett is a highly successful business executive, is well respected in Houston and the surrounding communities, and brings a wealth of experience and business knowledge to Touchstone. We are fortunate to have Gerald 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.
