AGR Tools Appoints Seasoned Oil & Gas CFO to Management Team
June 07 2012 - 8:00AM
Marketwired
AGR Tools Inc's (or "AGR" or the "Company")
(OTCQB:AGRT)(OTCBB:AGRT) Board of Directors are pleased to announce
the appointment of Mr. Scott Allen to the position of Chief
Financial Officer. Mr. Allen has extensive oil and gas industry
experience and will manage all aspects of the day-to-day financial
management of the Company.
Mr. Allen is a Certified Public Accountant with 20 years of
experience in formulating long-term strategy, structuring mergers
and acquisitions, and tax and financial planning. He was previously
CFO/controller of a private tax and consulting firm he co-founded.
Prior to this, Mr. Allen served as Tax Director for several oil and
gas companies.
Mr. Allen received a B.S. in Business (Accounting) from Montana
State University, and an MBA from Texas Christian University.
Mr. Vern Wilson, CEO of AGR commented:
"AGR is thrilled to have attracted the talents of Mr. Allen as
he is not only skilled in many fields of finance, but also in the
energy industry, which make this a perfect fit. With the addition
of Scott, AGR is fully capable of undertaking additional projects
and acquisitions as we now have a world class team, which we intend
on continually growing."
Mr. Scott Allen, CFO of AGR commented:
"I am very excited to be a part of a company which has enormous
project opportunities, as well as funding commitments from a large
financial partner. I am eager to get underway as the team is
working diligently to close their first acquisition in Tennessee
and look to utilize my experience and expertise in that transaction
and beyond."
About AGR Tools Inc, and its wholly owned subsidiary, AGR Energy
Holdings Inc:
AGR Tools/ AGR Energy Holding's mission is to deliver a
competitive and sustainable rate of return to shareholders by
developing, acquiring and exploring for oil and gas resources vital
to the world's health and welfare.
AGR Energy Holding's strategic goal is to expand our reserve
base and increase our cash flow through investment in and
management of exploration, acquisition and exploitation of new and
existing oil and gas assets.
For further information please visit: www.agrenergycorp.com.
Statements made in this release that relate to future plans,
events, financial results or performance are forward-looking
statements as defined under the Private Securities Litigation
Reform Act of 1995. These statements are based upon current
information and expectations. Actual results may differ materially
from those anticipated as a result of certain risks and
uncertainties. Investors should also be aware that while the
Company from time to time does communicate with securities
analysts, it is against the Company's policy to disclose to them
any material non-public information or other confidential
commercial information. Investors should not assume that the
Company agrees with any report issued by any analyst or with any
statements, projections, forecasts or opinions contained in any
such report.
Contacts: AGR Tools Inc. Vern Wilson CEOVern@AGRenergycorp.com
www.agrenergycorp.com Circadian Group - Investor Inquiries: Tyler
M. Troup, B.Comm Toll Free: 1-866-865-2780Tyler@Circadian-Group.com
AGRT due diligence
portal:http://www.circadian-group.com/client.html