AUSTIN, Texas, March 2, 2011 /PRNewswire/ -- Laredo Oil, Inc.
("Laredo Oil") (OTC Bulletin Board: LRDC), an exploration and
production company specializing in Enhanced Oil Recovery
techniques, today announced that it has added three new members to
its Board of Directors and plans to soon add an additional member
bringing the number of Board members to five.
"We are pleased to welcome these new additions to our Board of
Directors," said Mark See, President
and CEO of Laredo Oil, Inc. "I have deep admiration and respect for
each of the new members and it is a privilege to serve on the
Laredo Oil's Board with these extremely talented individuals."
Laredo Oil's new Board Members are:
Don Beckham – Independent
Oilman for over 25 years
A highly-respected petroleum engineer and manager who has owned
and operated numerous oil fields in the Gulf Coast Region.
Clayton Van Levy - Principal
of Houston Merchant Energy Partners
A seasoned energy merchant banker who, throughout his career
with various investment firms, was involved in creating
institutional investor relationships and participated in nearly
$30 billion of public offerings,
private placements, mergers & acquisitions.
Bradley Sparks – CFO and
Treasurer of Laredo Oil, Inc.
Former VP Treasurer and VP Controller of MCI and
West Point graduate with experience
leading start-up technology companies in a variety of C-level
financial and executive positions. Mr. Sparks has been CFO or
CEO of six publicly traded companies and has led two IPOs.
Mark See will continue to serve
as the Chairman of the Board.
ABOUT LAREDO OIL, INC.
Laredo Oil, Inc. (www.laredo-oil.com) is an exploration and
production company specializing in Enhanced Oil Recovery techniques
targeting mature and declining oil fields. Laredo Oil plans to
acquire targeted oil fields and use its unique UGD™ model to
profitably recover stranded oil reserves previously thought to be
incapable of economic recovery. Our common stock is listed on
the OTC Bulletin Board under the symbol, "LRDC".
This press release and the statements made by Laredo Oil, Inc.
in this press release may be forward-looking in nature and are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such forward-looking
statements describe the Company's future plans, projections,
strategies and expectations, and may be identified by words such as
"expects", "anticipates", "intends", "plans", "believes", "seeks",
"estimates" or words of similar meaning. These
forward-looking statements are based on assumptions and involve a
number of risks, uncertainties, situations and other factors that
may cause our or our industry's actual results, level of activity,
performance or achievements to be materially different from any
future results, level of activity, performance or achievements
expressed or implied by these statements. These factors
include changes in interest rates, market competition, changes in
the local and national economies, and various other factors
detailed from time to time in Laredo Oil, Inc. SEC reports and
filings, including our Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K. The Company
undertakes no obligation to update publicly any forward-looking
statements to reflect new information, events or circumstances
after the date hereof to reflect the occurrence of unanticipated
events.
SOURCE Laredo Oil, Inc.