Georgetown Corp. Subsidiary, Synergy Oil Tool and Supply LLC, Is Awarded a $100,000.00 Contract and Announces the Appointment...
June 21 2012 - 7:43AM
Marketwired
Georgetown Corporation (OTCBB: GTCP) is pleased to announce that,
through its wholly-owned subsidiary Synergy Oil Tool & Supply
LLC, it has completed its first sale of approximately $100,000.00
of oil field products.
The first sale consists of joints of used Double-White Band
Drill Pipe, as well as Hexagonal Kelly Drive Bushings Rollers,
which are all products used in the drilling of oil & gas wells.
Synergy is in the business of providing drill pipe, handling tools
and related equipment (everything "from the crown to the ground")
to oil & gas drilling contractors.
The Company also appoints Gary Haub as President of Synergy.
Mr. Haub commented, "This first sale is a significant
achievement for Synergy so early in its existence. The fact that
this sale happened so quickly after the formation of our company is
a testament to the strong relationships of our management and
executive team."
Mr. Haub will be responsible for direction of day-to-day
operations of Synergy, as well as creating and strengthening
relationships with companies in the oil and gas drilling
industry.
Carl Swan, CEO of Georgetown Corp., stated: "We are thrilled to
welcome Mr. Haub as the President of Synergy Oil Tool &
Supply.
"Mr. Haub's influence and presence in the midwest area will no
doubt enable our company to strengthen its operations and
infrastructure. He is an accomplished entrepreneur who has been
involved in the oil and gas sector for the past 25 years. Mr. Haub
is highly respected throughout the oil and gas industry. We share
his principles of integrity, hard work and social giving. We are
confident that Synergy will benefit from his guidance and
contribution as we continue to grow our management team and add
shareholder value."
Incoming President of Synergy, Mr. Haub, commented: "Georgetown
has an experienced board of directors which will assist the company
with its growth and development strategy. It is a very exciting
time to be part of this organization as the President and I am
honored to join the Company's talented and committed team of
professionals."
Mr. Haub has had several years of experience in the horizontal
directional drilling construction and oilfield tooling industry. He
began his career as Products Manager at GEFCO, a designer and
manufacturer of portable drilling rigs and related equipment based
in Oklahoma. That experience, and his entrepreneurial spirit, led
him to establish Drill Tube International in 1996, and he served as
Vice President of Operations of that company. Two years later,
Drill Tube International was acquired by Grant Prideco
(www.grantprideco.com), and Mr. Haub remained with that company for
the next seven years. Subsequently, Mr. Haub was the Co-Owner of
HDD Rotary and served as its President. At HDD Rotary, he was
responsible for both overseeing the day-to-day operations of the
company and strategic planning for its long-term development.
About Georgetown Corp.
Georgetown is an exploration or exploratory stage company
involved in the examination and investigation of land that may
contain valuable minerals. The Company plans to continue its growth
organically, search for new acquisitions, and expand
geographically. Through its subsidiary, it provides oilfield
services and equipment to independent and major oilfield companies
in exploration, production and development of oil and gas
properties, domestically and in selected international markets.
Notice Regarding Forward-Looking
Statements This news release contains "forward-looking
statements" as that term is defined in Section 27A of the United
States Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Statements in this press release which are
not purely historical are forward-looking statements and include
any statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include,
among other things, the development, costs and results of our
exploration program at our properties and any anticipated
production. Actual results could differ from those projected in any
forward-looking statements due to numerous factors including, among
others, the inherent uncertainties associated with petroleum
exploration and development stage exploration companies. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate.
For more information about Georgetown Corp. please contact:
Investor Relations Department 1-877-646-0090 Email Contact
www.georgetowncorp.net
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