The Beard Company Reports Death of a Director
April 06 2009 - 2:44PM
PR Newswire (US)
OKLAHOMA CITY, April 6 /PRNewswire-FirstCall/ -- The Beard Company
(OTC Bulletin Board: BRCO) today reported that its long-time
director, Ford C. Price, passed away on the evening of April 2,
2009. He had served as a director of the Company and its
predecessor, Beard Oil Company, since 1987. "We deeply regret
Ford's passing," stated Herb Mee, Jr., Beard's President. "We have
lost one of our longest serving directors, and one of our most
loyal and dedicated supporters. Ford served as a member of all of
our Committees, and for the past several years provided great
leadership and direction while serving as Chairman of our Audit
Committee. We will sorely miss his guidance and support, and it
will be difficult to find a replacement with his breadth of
knowledge and experience." "I know I speak for all of our directors
and employees when I say that we have lost a close friend. He will
be greatly missed by all of us," Mee concluded. The Company will
seek to add another director in the next few months, but has no
replacement under consideration at this time. About The Beard
Company The Beard Company creates, acquires, and/or invests in
businesses that management believes have high growth potential
and/or above-average profit potential and can enhance shareholder
value. The Company is currently involved in carbon dioxide (CO2)
gas production; oil and gas activities; coal reclamation
activities; e-commerce activities conducted through its starpay(TM)
subsidiary; and minerals exploration and development through its
Geohedral investment. The Company is headquartered in Oklahoma City
and its common stock trades on the OTC Bulletin Board under the
symbol "BRCO". Forward-Looking Statements This document may include
statements that constitute "forward-looking" statements, usually
containing the words "believe", "estimate", "project", "expect", or
similar expressions. Forward-looking statements inherently involve
risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements. Factors that could
cause or contribute to such differences include, but are not
limited to, the Company's lack of profitability in recent years;
the ability to service outstanding debt and secure capital to fund
operations; the ability to negotiate and execute contracts in
connection with the Company's coal reclamation activities; the
outcome of a lawsuit against Visa; future trends in commodities
prices; financial, geological or mechanical difficulties affecting
Geohedral's planned geological work programs; uncertainties
surrounding estimates of mineralized material; and other risks
detailed in Beard's filings with the U.S. Securities and Exchange
Commission. By making these forward-looking statements, Beard
undertakes no obligation to update these statements for revisions
or changes in the future. For Additional Information, Please
Contact: Herb Mee, Jr., President, at (405) 842-2333 or via email
at or RJ Falkner & Company, Inc., Investor Relations Counsel,
at (800) 377-9893 or via email at DATASOURCE: The Beard Company
CONTACT: Herb Mee, Jr., President of The Beard Company,
+1-405-842-2333, ; or RJ Falkner & Company, Inc., Investor
Relations Counsel, 1-800-377-9893,
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