Source: Avalon Oil & Gas, Inc.
Avalon Oil & Gas, Inc. Announces that René Haeusler has joined its Board of Directors
MINNEAPOLIS, MN Aug 19, 2010 (PR Newswire) -- Avalon Oil & Gas, Inc. (OTCBB: AOGN) (the "Company" or "Avalon") is pleased to announce the addition of lic. phil. René Haeusler to its Board of Directors.
Based in Amriswil,Switzerland, Mr. Haeusler, a political and business consultant, is Chairman of the Board and Managing Director of all companies of the L’Avenir Group. He also serves as Chairman of the Board of Bowl Construction AG, Member of the Board of ProgressNow!invest AG, a SIX-listed private equity investment company, and is a member of the Board of Directors of ThaiSwiss SME-Industrial Center Ltd., Pranburi, Thailand, and of Sempre-Automaten AG and Theracon AG in Switzerland. His background includes Assistant to the Managerial Committee and Head of several departments for Bank Sogenal. He also served as a member of the military-diplomatic Swiss delegation to the Neutral Nations Supervisory Commission (NNSC) in Korea, as liaison officer to the UN High Command and the Government of South Korea.
Mr. Haeusler has a Master’s degree in history, political science and constitutional law from the University of Zurich/Switzerland. From 1995 – 1999 he was also a guest lecturer at the Chulalongkorn University in Bangkok (Thailand). He has published two books and numerous articles on political psychology, economy and stock markets.
Mr. Haeusler is an experienced equity investment professional with a wide range of public company and private equity expertise in international markets for commodities, mineral exploration, biotechnology, and software. “I am thrilled to join Avalon at this exciting time in the company’s development, and assist the Company in fulfilling its business plan of acquiring and developing oil and gas producing properties, as well as representing the interests of the European shareholders and bringing in their ideas” he said.
"We are delighted to add René to our Board of Directors," said Kent A. Rodriguez, President of Avalon Oil & Gas, "His investment banking experience will assist us to raise the capital we need to expand our portfolio of oil and gas producing assets, and our oil and gas enhancement technology portfolio”, added Rodriguez.
About Avalon Oil & Gas, Inc.
Avalon Oil & Gas is an oil and gas company engaged in the acquisition and development of producing oil and gas properties. In addition, Avalon’s technology group acquires and develops energy production enhancing technologies. Through Oiltek, Inc., Avalon’s majority-owned subsidiary, Avalon is building an asset portfolio of innovative technologies in the energy industry to maximize enhancement opportunities. To learn more about Avalon, please visit: www.avalonoil.com.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Avalon Oil & Gas, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflectchanged assumptions, the occurrence of unanticipated events or changes to future operating results.
FOR FURTHER INFORMATION,
please visit the company’s
website at www.avalonoilinc.com, or contact:
Avalon Oil & Gas, Inc.,
Kent Rodriguez, CEO