Investment Banker Thomas M. Wilson to Join Environmental Remediation Holding Corporation
LAFAYETTE, La., Jan. 14, 1999 - Environmental Remediation Holding Corporation (OTC BB:ERHC) today announced Investment Banker Thomas M. Wilson will join the Company as a Consultant.
Mr. Wilson, a Petroleum Engineer with twenty years experience in oil and gas exploration and production re-focused his career in the late 1980's after attaining an MBA and working as a stockbroker with Integrated Resources. From there, Mr. Wilson joined American Express family of companies (NYSE:AXP). Mr. Wilson served as an analyst, financial consultant and investment banker to numerous Financial and Oil/Gas Companies including: Chevron (NYSE:CHV), Texaco (NYSE:TX), Royal Dutch/Shell Group of Companies (NYSE: RD), and BP Amoco p.l.c. (NYSE:BPA). Recently, Mr. Wilson's has been involved in securing capital-equity, debt or a combination thereof, for the Oil and Gas Industry to facilitate mergers and/or acquisitions of producing properties in the Gulfcoast regions of Louisiana, Mississippi and Texas. Additionally, Mr. Wilson has extensive international experience evaluating and capitalizing projects in China, Hungary, Saudi Arabia, Nigeria, Gabon, Columbia, Brazil and Mexico.
"Mr. Wilson's knowledge and experience is a welcomed asset to the Company, stated James R. Callender, Sr., President and Chief Executive Officer of ERHC. Mr. Wilson has extensive contacts worldwide which will well-serve the Company as we seek partnerships, joint ventures, strategic alliances and additional funding for the Offshore Logistics Center, scheduled to begin construction this year as well as petroleum exploration activity currently underway in the Exclusive Economic Development Zone of Sao Tome and Principe."
"I am extremely familiar with the tremendous exploration/reserve potential present in the Gulf of Guinea specifically, the Exclusive Economic Development Zone of Sao Tome and Principe, stated Thomas Wilson. He added, the vast majority of international oil companies are witnessing a substantial portion of earnings growth from new locations such as West Africa, South America and Asia. The entire industry is seeing this strategic shift, as billions of capital investment dollars have been earmarked for projects in developing nations such as Sao Tome and Principe. I look forward to a productive relationship with ERHC."
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.
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, fluctuations in the price of crude oil and natural gas, the success taught 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 natural resources; which may cause actual results to differ materially from those expressed in any forward-looking statements made by or on behalf of ERHC.