Tuesday, March 27 2007 12:00 PM, GMT-05:00 Capco Energy Announces the Addition of Chief Operating Officer and Also the Completion of Equity Contribution of $1.6 Million
Market Wire "US Press Releases "
HOUSTON, TX -- (MARKET WIRE) -- 03/27/07 -- Capco Energy, Inc. (PINKSHEETS: CGYN) today announced the addition of Mr. Robert Thomasson as the Chief Operating Officer of Capco Energy, Inc.
Robert Thomasson has fifteen-years experience in investment banking, specializing in private placements, project financing, and fixed income securities, most recently with Smith Barney. Mr. Thomasson was VP of business development of Energy Asset Management Company doing acquisitions and development work in the Gulf of Mexico region. Mr. Thomasson was managing director of Quest Energy, a prospect generating LLC, responsible for business development, land acquisition, prospect generation and presentation.
Ilyas Chaudhary, CEO of Capco, said, "We are very pleased with the addition of Robert Thomasson to Capco's management team. Robert's experience in finance and management will be an asset to the Company and its current projects. With Robert on board, Capco will continue to look forward to adding additional qualified and experienced personnel to the management team."
In addition, to improve its working capital position and balance sheet, Capco's solicitation for funds resulted in a major shareholder contributing $1.6 million in cash in exchange for 40.0 million restricted shares of the Company.
For further information please visit Capco's Internet website at www.capcoenergy.net or call the Investment Relations department at 713-622-5550 ext. 101.
Safe Harbor Statement under the Private Securities Litigation Reform Act: Statements in this release looking forward in time involve risks and uncertainties discussed here and in the Company's filings with the Securities and Exchange Commission, including uncertainty regarding future revenue and integration. These and other risks are identified in our SEC filings and should be considered in evaluating the forward-looking statements made herein. These risks could cause actual financial results to vary from those anticipated.
Capco Energy, Inc. Investment Relations department 713-622-5550 ext. 101 www.capcoenergy.net
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