WILLOW PARK, Texas and NETANYA, Israel, June 10 /PRNewswire-FirstCall/ --
Ness Energy International, Inc. (OTC Bulletin Board: NESS), today, announced
the appointment of its new Executive Vice President and Chief Operating
Officer.
Ness Energy International welcomes Cary E. Hughes as its new Executive
Vice President and Chief Operating Officer. Mr. Hughes received his MBA from
Schulich School of Business in Toronto, Canada. Mr. Hughes received his BA
from Case Western Reserve University, with majors in Political Science and
Economics. Besides his language skills in Russian, French and Spanish, Mr.
Hughes has received significant training in Marketing, business management,
and leadership.
Mr. Sha Stephens, President and Chief Executive Officer of Ness Energy,
was pleased at being able to convince Mr. Hughes to leave his private practice
with Hughes and Associates to join Ness Energy. At Hughes and Associates, Mr.
Hughes directed his company of Houston based engineers to an alliance with an
Israeli-based consulting firm. Mr. Hughes developed and has brought to the
market millions of dollars in transactions in the oil and gas industry. Prior
to starting his own company Mr. Hughes developed and covered energy clients
for Societe Generale in Houston Texas. From 1998 to 2000 Mr. Hughes developed
a successful finance origination and marketing campaign in the commodity
derivative market with SG Canada in Toronto.
Mr. Sha Stephens commented, "The appointment of Mr. Hughes marks the next
step of the New Outlook that was put into place when I came on board. His
expertise in finance, his contacts and relationships that he has established
over his career in the industry and most of all, his belief in The Vision of
Ness, will prove to be a win-win for all involved. He has experience in
Israel, having worked as a financial consultant on the Yam Tethys project,
Israel's largest hydrocarbon discovery to date, which will be of great value
to us by having familiarity with the players already involved in the country.
We are truly excited about the future of Ness."
About Ness-The Vision
Ness Energy is an aggressive, emerging oil and gas company building on
deals that make sense. Ness Energy operates interests in the Ft. Worth Basin
and the Coastal Plains regions of Texas. Ness is also a very active player in
the energy industry in Israel, carrying out The Vision of The Company. Ness
Energy is building at a high-speed pace through Merger, Acquisitions,
Drilling, Re-Work and Re-Entry.
Certain Information
Figures are un-audited or estimates, unless otherwise noted, and are
subject to more complete final figures and footnotes in financial filings with
the SEC. Certain statements above are forward-looking based on Management's
expectations or estimates, subject to change. Words like "anticipates,"
"expects," "intends," "plans," "projects," "believes," "estimates" and similar
identify them. They are not guarantees of performance or otherwise and are
subject to risks, uncertainties and other factors, some beyond control and
difficult to predict. Therefore, outcomes may differ materially from these
statements. Do not place undue reliance on them. Unless legally required,
the Company undertakes no obligation to update publicly any forward-looking
statements, whether as a result of new information, future events or
otherwise. The Company disclaims information created or distributed by any
outside party and endorses only its official Press Releases. Comments
concerning plans, filings, reports or other documents are limited in that they
may express opinions or be summaries of less than all of the information.
Visit us on the web at http://www.nessenergy.com .
SOURCE Ness Energy International, Inc.
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Related links:
http://www.nessenergy.com
CONTACT:
Tina Sbriglia, Investor Relations of Ness
Energy International, Inc., +1-817-341-1477, or
info@nessenergy.com
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