Patch International Inc. ('Patch' or the 'Corporation') (OTCBB: PTCH, Frankfurt: PQGB Forum Stocks) is pleased to announce the appointment of Mr. Thomas K. Rouse as Chief Financial Officer. Mr. Rouse will be based in Calgary, Alberta and with this appointment he will provide financial leadership for Patch with growth and value creation as top priorities.
Mr. Rouse has over 20 years of successful senior management experience in the oil and gas industry. Most recently he was Vice President of Finance, Chief Financial Officer and Co-founder of Great Plains Exploration Inc. With Great Plains he played a key role in securing a listing on the TSE, the successful acquisition and integration of two corporate takeovers, and the corporation's financings. Previously, Mr. Rouse held senior management positions with various publicly traded oil and gas companies that included Rider Resources, Petrorep Resources and Coseka Resources.
Mr. Rouse is a Certified Management Accountant ('CMA'). Prior to becoming a CMA in 1986, he obtained a Bachelor of Commerce, Accounting degree from the University of Saskatchewan.
'Tom has demonstrated an exceptional ability to help the organizations he has worked for to generate superior value by supporting the successful execution of their business strategies with the development and implementation of sophisticated financial strategies. Tom's proven record and expertise in strategic financial management, together with his substantial experience in the oil sector, will allow him to work efficiently with Patch's auditors, KPMG, and contribute to the Corporation's growth,' said Patch's President Mr. Michael Vandale.
No regulatory authority has passed upon the merits of the proposed
transaction and has not approved nor disapproved the contents of this
press release.
This news release contains certain statements that may be deemed 'forward-looking statement' about the development of oil sands in Alberta, Canada. All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Corporation expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans' 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Patch's management on the date the statements are made. The Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. For further information investors should review the Corporation's filings that are available at www.edgar.com.
