Northern Explorations Ltd. (OTC.BB:NXPN - News) ("Northern," "Norex" or the "Company") is pleased to announce the appointment of Mr. Scott W. Hatfield to the position of Chief Financial Officer.
Mr. Hatfield has over 30 years' experience in working with publicly and privately held companies. His background includes public accounting experience with the international CPA firm of Grant Thornton, LLP, midsized local CPA firms in both Dallas and Houston, Texas and the opening of his own practice in November 1993. Scott has served clients in numerous industries, including wholesalers/retailers, service firms such as health care products and services, attorneys, architects and engineers, real estate management, development and sales, automobile dealerships, financial institutions, investment pools and funds, not-for-profit organizations, state and local governmental units, jet charter services, title companies, mortgage brokers/bankers, manufacturing operations, hotels and restaurants.
Mr. Hatfield also has the unique perspective of having served as CFO, in private industry, managing the accounting and finance staff for a multi-company conglomerate with over 25 subsidiaries and has developed a specialty in assisting companies with reverse merger transactions and assisting clients with the reporting requirements of the U. S. Securities and Exchange Commission.
In related news, the Company has accepted the resignation of Mr. David Naylor from his previous positions as CFO and Director of the Company. Norex wishes to thank him for his timely and invaluable assistance and offers him the very best for his future endeavors.
The Company further wishes to advise that it has moved its corporate headquarters to Dallas, Texas.
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Please address all future correspondence to:
NOREX ENERGY (Northern Explorations, Ltd.)
9002 Green Oaks Circle, 2nd Floor
Dallas, TX 75243-7212
The Company is a reporting issuer providing public disclosure as required by the securities and exchange act of 1934. Complete details of this appointment will be filed publicly where subject to and as required by law under the regulations of the Securities and Exchange Commission (SEC).
ABOUT NOREX ENERGY (NORTHERN EXPLORATIONS LTD.) (OTC.BB:NXPN - News)
Norex Energy (Northern Explorations Ltd.) is an energy exploration Company currently developing natural gas projects across North America. The Company has acquired a working interest in natural gas assets located in Texas as well as projects in California and Alberta, Canada. The projects contain documented gas reserves and associated plant, pipeline and infrastructure currently in place.
Notice Regarding Forward-Looking Statements
All statements contained in this Press Release, other than statements of historical facts, that address future activities, events or developments are forward-looking statements, including, but not limited to, statements containing the words "believe," "anticipate," "expect" and words of similar import. These statements are based on certain assumptions and analyses made by us in light of our experience and our assessment of historical trends, current conditions and expected future developments as well as other factors we believe are appropriate under the circumstances. However, whether actual results will conform to the expectations and predictions of management is subject to a number of risks and uncertainties that may cause actual results to differ materially. Such risks include, among others, the following: international, national and local general economic and market conditions: our ability to sustain, manage or forecast our growth; raw material costs and availability; new product development and introduction; existing government regulations and changes in, or the failure to comply with, government regulations; adverse publicity; competition; the loss of significant customers or suppliers; fluctuations and difficulty in forecasting operating results; changes in business strategy or development plans; business disruptions; the ability to attract and retain qualified personnel; the ability to protect technology; and other factors referenced in this and previous disclosures. Consequently, all of the forward-looking statements made in this Press Release are qualified by these cautionary statements and there can be no assurance that the actual results anticipated by management will be realized or, even if substantially realized, that they will have the expected results or consequences to or effects on our business operations.
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