TORONTO, Oct. 24, 2016 /CNW/ - MCW Energy Group Limited
("MCW") (TSX VENTURE: MCW) (OTCQX: MCWEF), a Canadian holding
company involved in the development of environmentally-friendly oil
sands technologies and the production of oil from Utah's vast oil sands deposits, today
announced it has retained KCSA Strategic Communications, a leading
New York-based communications
firm, to lead the Company's strategic communications and investor
relations programs.
KCSA intends to deploy an investor relations campaign designed
to increase awareness of MCW Energy Group among the investment
community through a comprehensive communications effort. KCSA's
objectives include, among others, communications, strategy and
introductions to the institutional investment community. Since
KCSA's inception nearly fifty years ago, the firm has developed a
strong reputation for its work representing public companies.
Dr. Gerald Bailey, Chief
Executive Officer of MCW Energy Group, stated, "We look forward to
working with Todd Fromer and the
entire KCSA team on a strategic communications and investor
relations program. Given the recent acquisition of our Houston-based, exploration and production
company, Accord GR Energy, Inc., management and the Board agreed
now is the time to engage a leading communications firm to assist
in presenting our story to the investment community.
KCSA has decades of experience and a talented team to help lead
this effort."
Todd Fromer, Managing Partner of
KCSA Strategic Communications, commented, "Over the course of our
extensive history at KCSA we have worked with many exploration and
production companies. Based on our experience and network of
investors within the space, we believe KCSA is the right firm to
focus the Company's communication strategy and help tell this
compelling story to key institutional investors. We are pleased to
implement this communications plan based on best practices for MCW
Energy Group."
About KCSA Strategic Communications:
KCSA is a fully
integrated communications agency specializing in public relations,
investor relations and marketing with expertise in financial and
professional services, technology, healthcare, media, energy and
public services companies. Since 1969, the firm has demonstrated
strategic thinking and program execution that drives results for
its clients in the ever-changing communications and digital
landscape. The firm's clients are its best references. For more
information, please visit www.kcsa.com.
About MCW Energy Group Limited:
MCW Energy Group
Limited is focused on value creation via the development and
implementation of (i) proprietary, environmentally-friendly oil
sands extraction technologies and remedial tailings ponds project
solutions, (ii) expanding production capacities of its now
operational oil sands project in Asphalt Ridge, Utah, and (iii) the formulation of worldwide
joint ventures and the licensing of oil sand opportunities with
private and governmental resource entities within countries
possessing extensive oil sands/shale deposits. MCW's management
team is comprised of individuals who have extensive knowledge in
both conventional and unconventional oil and gas projects and
production, both in upstream and downstream industry sectors.
The information in this news release includes certain
information and statements about management's view of future
events, expectations, plans and prospects that constitute forward
looking statements. These statements are based upon assumptions
that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of
factors, the actual results, expectations, achievements or
performance may differ materially from those anticipated and
indicated by these forward looking statements. Forward-looking
statements in this news release, include, but are not limited to,
the closing of the transactions contemplated by the amending
agreements, approval of the shares for debt transaction by the TSX
Venture Exchange, commercial viability of the technology and the
extraction plant, economic performance and future plans and
objectives of MCW, and the commercial production of oil from MCW's
oil sands extraction plant in Asphalt Ridge, Utah. Any number of important factors could
cause actual results to differ materially from these
forward-looking statements as well as future results, including,
without limitation, receipt of all necessary approvals, including
from the TSX Venture Exchange, for the amending agreement. Although
MCW believes that the expectations reflected in forward looking
statements are reasonable, they can give no assurances that the
expectations of any forward looking statements will prove to be
correct. Except as required by law, MCW disclaims any intention and
assumes no obligation to update or revise any forward looking
statements to reflect actual results, whether as a result of new
information, future events, changes in assumptions, changes in
factors affecting such forward looking statements or
otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE MCW Energy Group Limited