Environmental Remediation Holding Corporation Announces the Appointment of Vice President of International Affairs
LAFAYETTE, La., Dec. 3, 1998 - Environmental Remediation Holding Corporation (OTC BB: ERHC) announced today that Mr. Mateus Meira Rita, the Company's Manager of African Affairs and former Secretary of State in the Government of the Democratic Republic of Sao Tome and Principe, has been appointed Vice President of International Affairs by ERHC's Board of Directors.
James R. Callender, Sr., President and Chief Executive Officer stated: "Mr. Rita's brings his extensive business experience in both government and the private business sector, as well as, a vast knowledge of West Africa, to the Company. In addition, Mr. Rita's appointment emphasizes the Company's primary objectives and dedication to develop petroleum reserves and logistical support in the areas around The Gulf of Guinea. Mr. Rita also serves as a Director of STPETRO, the National Petroleum Company of the Democratic Republic of Sao Tome and Principe. Experienced in the negotiation and preparation of contracts and agreements with multi-national corporations and financial institutions, Mr. Rita is a welcome member of the management team, and he is eager to accept the challenges facing ERHC, which is well-positioned for long-term growth and success."
Environmental Remediation Holding Corporation is an independent oil and gas company engaged in the exploration, development, production and sale of crude oil and natural gas properties. Its current operations are focused internationally in the Democratic Republic of Sao Tome and Principe, Gulf of Guinea, West Africa.
For information concerning ERHC, please visit the Company's website at www.erhc.com.
Safe Harbor Act Notice: Certain matters discussed in this news release are forward-looking statements, as it is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to a number of known and unknown risks and uncertainties including, but not limited to, fluctuation in the price of crude oil and natural gas, the success of exploration efforts, the timeliness of development activities in Texas, Utah, and the Gulf of Guinea, West Africa, changes in the political and economic environment in which ERHC has international operations, as well as availability of human and financial resources; which may cause actual results to differ materially from those expressed in any forward-looking statements made by or on behalf of ERHC.