United Heritage Corporation (NASDAQCM: UHCP), a public company involved in the development of medium gravity crude oil assets announced that on January 15, 2008, Paul D. Watson was named Chief Executive Officer of United Heritage Corporation and joined the Company�s board of directors as Chairman. The Company also announced that Joseph F. Langston Jr. will remain as President, Chief Financial Officer and a director, and has also been appointed as Secretary. Mr. Watson, aged 56, is an oil and gas consultant, developer, acquirer and financier with 34 years� experience at public and private natural resources and energy companies worldwide. For the past three years he has been the Vice President of Exploration and a member of the board of directors at Energy 51 Ltd./Watch Resources Ltd., a Canadian energy corporation. Prior to joining Energy 51 Ltd./Watch Resources Ltd., Mr. Watson was the Vice President of Exploration at Trafina Energy. Mr. Watson has also served as a consultant to numerous energy companies, including Kelman Technologies, Inc., Reliance Engineering Group, Inc. and Reflect Technology, Inc. Mr. Watson began his career as a junior geologist in 1973 after earning his Bachelor of Science in Geology at the University of Calgary, Alberta. Mr. Langston, previously the Company�s interim Chief Executive Officer, interim President and interim Chairman of the board of directors, as well as the Company�s Chief Financial Officer, stepped down as interim Chief Executive Officer and interim Chairman, effective January 15, 2008. About United Heritage Corporation United Heritage Corporation, founded in 1981 and based in Midland, TX, is focused on the development of on-shore oil and gas assets. The company has four leases covering 10,500 acres in the Wardlaw Field located in Edwards County, TX. A report received by the Company in 1984 estimated 168 million barrels of oil in place on the property. The oil is categorized as "medium crude," the deposits are in the light gravity range of heavy oil at 14-25 API gravity. The Company believes that ultimate recovery could be in the region of 40%. Management believes its acreage has always held great reserves, but the technology to properly extract the reserves is still being considered. Some oil production has already been established from the field, and the Company expects to implement a Pilot on this acreage during the second quarter of 2008. Private Securities Litigation Reform Act Safe Harbor Statement: All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as codified in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including any projections of earnings, revenue, cash or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The risks and uncertainties include our limited capital resources and limited access to financing and our ability to overcome negative publicity relating to the restatement of our proved reserves. United Heritage Corporation assumes no obligation to update these forward-looking statements to reflect future events or actual outcomes and does not intend to do so.
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