NEW ORLEANS, May 12, 2014
NEW ORLEANS, May 12, 2014 /PRNewswire/ -- Treaty Energy Corporation (OTCQB: TECO) (http://www.treatyenergy.com), a growth-oriented international energy company, today announced Andrew L. Kramer of New Orleans has been appointed Vice President, General Counsel, and Corporate Secretary, with the initial task of heading a search committee to recruit six new members for the Board of Directors that will report to Chris D. Tesarski, Executive Chairman.
Chris D. Tesarski, Executive Chairman of Treaty Energy, is pleased to announce the addition of attorney Andrew L. Kramer, Esq. as General Counsel of Treaty Energy. A New Orleans commercial litigator, Mr. Kramer has extensive experience in both legal and business matters.
On the appointment, Mr. Tesarski stated, "The first order of business for Treaty Energy's new General Counsel will be to head up a search committee to identify and recruit up to six new directors for what will be a seven member board."
Members of this board will have levels of board and business experience as generally called out as follows:
- One proposed new director should have a minimum of 20 years of legal experience, with 10 of those years dedicated to handling legal matters pertaining to oil and gas contracts and transactions.
- One proposed new director should have at least 10 years of experience managing and dealing with SEC and other regulatory authorities for publicly traded oil and gas companies.
- One proposed new director will ideally have 8 to 10 years of experience in overseeing the acquisition and/or merger of oil and gas companies and leases.
- One proposed new director should be fully conversant with regard to environmental matters at the state and federal level that might impact the Company's business.
- Treaty Energy will seek to recruit the final two directors from among its current shareholders. These directors should possess both the business acumen and desire necessary to help lead Treaty Energy to a much stronger and robust presence in the oil and gas industry. These final two directors ideally will have either an engineering and/or business background in the oil and gas industry.
Mr. Kramer will oversee and coordinate all legal matters related to Treaty Energy. Management, while committed to a positive new direction for Treaty Energy, also places a high priority on Mr. Kramer, on behalf of the company's shareholders, to vigorously defend Treaty Energy against the systematic, willful and deliberate erosion of shareholder value by individuals and organizations whose sole purpose has been to do so. Mr. Kramer will pursue all avenues available to Treaty Energy to ensure that these actions will not continue unabated.
Finally, Mr. Tesarski stated, "A new day has dawned for Treaty Energy. I firmly believe that these changes and additions to the board of directors will ensure that Treaty Energy has a long and successful future. I fully intend, as Treaty Energy's Executive Chairman, to make sure that the company fulfills its current and expanding plans, and that I, with the support of a strong board and leadership team, can deliver a company that current and future shareholders will be proud of."
Bio of Andrew Kramer:
Andrew Kramer was born in Washington, D.C. in 1969 and moved to New Orleans in 1986. Mr. Kramer, whose practice focuses on civil and commercial litigation, received his B.A. from Tulane University in 1991 and his J.D. from Tulane University School of Law in 1994. While in law school, Mr. Kramer participated in the Civil Litigation Clinical Program and Inn of Court and was a Fellowship Recipient of the Public Interest Law Foundation in 1992. Mr. Kramer is licensed in both Louisiana and New York, as well as in multiple federal district and appellate courts.
During the first 15 years of his career, Mr. Kramer gained significant litigation experience while working for three small but prominent New Orleans law firms. In 2009, Mr. Kramer opened his own practice that handles a wide range of civil matters. Mr. Kramer litigates matters in both federal and state courts in Louisiana and across the nation and has participated in numerous mediations and arbitrations during his career. Mr. Kramer has significant experience in handling commercial disputes and complex litigation matters involving a variety of issues such as property rights, contract disputes, property damage, condominium developers and associations, environmental contamination, wrongful death, succession disputes, insurance claims, expropriation/eminent domain, and securities law, among others. Mr. Kramer's practice involves both plaintiff and defense work. Mr. Kramer is a frequent lecturer for the National Business Institute, speaking on the subjects of Internet and technology strategies for legal professionals, post-trial issues, Louisiana civil procedure, effective case presentation, and Internet legal research.
Treaty Energy Corporation
About Treaty Energy Corporation
Treaty, an international energy company, is engaged in the acquisition, development and production of oil and natural gas. Treaty acquires and develops oil and gas leases which have "proven but undeveloped reserves" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration.
Treaty Energy Corporation (TECO) trades on the OTC. Investors can find Real-Time quotes and market information for Treaty Energy at http://www.otcmarkets.com/stock/TECO/quote
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and rapidly changing technology; and other risks. These risks are detailed in the Company's filings with the Securities and Exchange Commission, including Forms 10-KSB, 10-QSB and 8-K. Actual results may differ materially from such forward-looking statements.
SOURCE Treaty Energy Corporation