EUSTACE, Texas, Feb. 14, 2013 /PRNewswire/ -- Paradigm Oil
and Gas, Inc. (PDGO) --
When I was asked to take a look at Paradigm Oil & Gas and to
join the Company by Todd Violette,
the CEO of Paradigm Oil & Gas, I told him that I knew nothing
about the Oil & Gas industry but I had a vision and an
understanding of Business being the successful entrepreneur that I
am. So I booked a trip to Texas and traveled for several days spending
about 18 hours a day looking at land leases and oil wells in two
states Louisiana and
Texas.
I would start my day at 4:00AM in
the rain, cold and even snow in some parts; going through the
fields where oil was produced, speaking with the locals, the
farmers and oil workers from these towns to verify what we were up
against. After the trip, I assembled a group of Investment
Bankers and real Oilmen with excellent reputations that have over
150 years combined of experience in the Oil & Gas Industry to
be part of an Advisory Board for Paradigm Oil & Gas.
So now I have been in the Company for 60 days and have put the
pieces together with the properties, Technicians, management and
most recently entered into a couple of contracts for our centurion
technology Division.
It was an amazing surprise to have the great fortune to have hit
oil on our first day out prepping our wells. This should make
Paradigm Oil & Gas, an Oil Producing Company with two revenue
streams – Oil Production and Technology.
The work has just begun because we have a tremendous vision to
have land in three states and the option to double or triple this
in the next year, so what I'd like to say to our shareholders is.
CONGRATULATIONS and a heartfelt THANK YOU for your support as of
today!
Vince Vellardita
About Paradigm Oil and Gas, Inc.
Paradigm Oil and Gas Inc. (OTC Pink: PDGO) is a dynamic company in
business to both provide service work to the oil and gas
marketplace and to produce oil. Paradigm's goal is to identify oil
producing wells and use modern technology to make them profitable
based on modern commodity pricing. For more information about
Paradigm Oil and Gas, visit the website at
www.paradigmoilinc.com.
About Vince Vellardita
Mr. Vellardita is a 35 year veteran in the industry who began
his career as a fast-paced music producer and executive and has
been involved in over 200 Specials and Concerts bringing U2 and
Duran Duran to the United States, and being involved in
thousands of episodes of Television, over 100 Films as well as Las
Vegas Shows, Broadway Shows with some of the biggest acts in the
world. He also produced a White House Presidential Campaign,
Super Bowl 2006 Motown Rap Show, the Beach Boys 40th
Anniversary Special and the MGM Grand Special, 50TH
Anniversary of Michel Legrand and
Friends.
Mr. Vellardita bought his first TV station in Nashville and built it into a television
network with over 35 TV stations servicing over 9 million
households, housing multiple sound stages and edit bays, as well as
increasing revenues by bring in national accounts to this network.
With Mr. Vellardita's diversified background and successful track
record in Los Angeles, he then
developed independent productions studios and focused on film and
television from building the sound stages to all aspects of deal
making as well as luring some of the biggest names in the
television and motion picture community, including Paramount,
Warner Brothers and Disney. He became the largest independent
studio owner/operator in the country consisting of 20 Soundstages,
12 acres of land, over 600,000 square feet of Production Support
and a back lot.
Mr. Vellardita has brought his entertainment vision to the world
of auctions, turning the events into a fun and celebrity filled
experience and personally responsible for close to $100 Million in sales as a Producer and/or
Creator and broadcasting in 80-100 Million Homes, via The Ion
Network, Dish Network, Direct TV and the USA Network.
Mr. Vellardita purchased a Faith Based Television Network for
1.5 million dollars, which was in
7-10 million homes with roughly 30 TV Station affiliates and paid
if off in 2 years and was able to grow it to 90 TV stations and
secure it into 34 million homes.
Mr. Vellardita was instrumental in bringing celebrity influence
to endorse a live TV and Radio auction for timeshare vacations
which sold One Million dollars per
day, the company was eventually sold to Goldman Sachs for
$450 Million. Some of those
celebrities included: Chevy Chase,
Roseanne Barr, Penelope Ann Miller, Lorenzo Lamas, Robert
Thicke and Tonya
Roberts. He also held an auction for
Kathy and Paris Hilton at the Baron
von Hilton estate to raise money for
the Make-a Wish Foundation. The auction was successful as a
television and internet component, with Paris Hilton and Avril
Lavigne . Another auction he was involved in was The
Osbourne Collection, where personal art, furnishings and
memorabilia from Sharon and Ozzy
Osbourne. Mr. Vellardita was also involved in other
auctions such at the Grammy's Auction with personal memorabilia
from Sting, Beyonce and U2.
Finally, when the real estate market had a downturn, Mr.
Vellardita took his vision to infuse the entertainment value into
home auctions and worked with some Auction Companies, such as
Williams & Williams and Realty Bid, to create a live broadcast
on TV and the internet along with radio spots; generating over 6700
phone calls per hour, and the sale of over 1000 homes. Mr.
Vellardita's excellent reputation in the entertainment industry
allowed him to maintain a 10 year contract with Paramount Pictures
and Walt Disney Corporation while being involved in the production
of several thousand episodes of television and hundreds of
films.
Forward Looking Statements.
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks.
Paradigm Oil and Gas, Inc., is a company with limited experience in
the oil and gas industry. At the time of this release Paradigm Oil
and Gas, Inc. lacks the financial capabilities to meet its
financial obligations and its management expects to dilute the
Company's shares to raise the necessary operating capital. Based
upon industry standards Paradigm would be considered highly
speculative and lacks any competitive advantage over its
competition. Additional risks you should consider are that this
list is limited and additional risks not mentioned may apply:
failure to meet Paradigm's financial and contractual obligations,
Paradigm's managerial errors made based upon the Company's limited
experience and knowledge of the industry, commodity risk, acts of
God and regulatory risk. You should consider these factors in
evaluating the forward-looking statements included herein, and not
place undue reliance on such statements.
Contact:
Todd Violette, CEO
Paradigm Oil and Gas, Inc.
tv@paradigmpdgo.com
1-214-784-3103
SOURCE Paradigm Oil and Gas, Inc.