SCOTTSDALE, Ariz., Jan. 12,
2015 /PRNewswire/ -- Delta International Oil &
Gas, Inc. (OTCC NY: DLTZ) ("Delta" or the
"Company") announces that their CEO, Malcolm W. Sherman, is to retire effective
December 31st, 2014.
The Delta Board of Directors appreciates the time and efforts
expended by Mr. Sherman over the past two years that Malcolm has
served as CEO during the transition after the loss of Dr.
Peralta.
"Doing Business in Argentina
has been challenging over the past few years, to say the least.
Mr. Sherman has steered the Company through some very
difficult and stressful times. Thanks to his leadership, the
Company is now positioned for some potentially interesting and
exciting opportunities that now lie ahead," stated Phillips W. Smith Chairman.
"Santiago Peralta will serve as
the interim CEO until we have sufficient time to conclude some
current business opportunities that Malcolm has uncovered for the
Company," stated Phillips W.
Smith.
About Delta International Oil & Gas, Inc.
The common shares of the Company are currently listed on the
OTCC Market (symbol: DLTZ ). For further details on the Company
readers are referred to the Company's web site
(www.deltamutual.com), and to the United
States regulatory filings on EDGAR at www.sec.gov.
Contact Information:
Phillips W. Smith
Email: phillipswsmith@yahoo.com
Phone: 1(480) 280-9192
Fax: 1(480)483-0165
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements that
involve risks and uncertainties, which may include statements about
business strategy and development plans, plans for entering new
business, anticipated sources of fund, including proceeds from
future operations and plans, objectives, expectations and
intentions contained in the Press Release that are not historical
facts such as "estimated gross"...prospective resources, total
potential revenue, substantially exceeds, etc.". Because
these forward looking statements involve risk and uncertainties,
actual results could differ materially from those discussed in this
Press Release. These risks are outlined in our SEC
filings.
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SOURCE Delta International Oil & Gas, Inc.