Press Release Source: Cybertel Communications
Cybertel Capital Announces Consulting Agreement With Premier Petroleum Industry Engineer
Thursday November 11, 7:15 am ET
SAN DIEGO, CA--(MARKET WIRE)--Nov 11, 2004 -- Cybertel Capital Corporation (OTC BB:CYBT.OB - News) announced today that it has signed a consulting agreement with Richard R. Chalk, a seasoned petroleum industry engineer, to advise its Board Of Directors on matters pertaining to Cybertel Capital's Core Energy unit. Based upon the recent excellent results and performance of its Core Energy Unit, the Company has retained an expert advisor with a charter to provide a clear and concise business direction designed to leverage Mr. Chalk's experience and to maximize the potential of the Core Energy Unit.Mr. Chalk is a petroleum engineering graduate of the University of Southern California and holds an MBA degree also from USC. During his career Mr. Chalk has worked and consulted for, amongst others, Atlantic Richfield Oil Company, Thums Long Beach Company, Tower Petroleum, Mobil Oil Company and Stolt Comex Seaway for decommissioning of Exxon's Belmont Island. His expertise involves all phases of drilling and production, including remedial work.
"Dick Chalk is well versed in oil field production and is a great asset for our Board and executive management team," stated Richard Schmidt, Cybertel Capital's President and CFO.
About Cybertel Capital
Cybertel Capital is a holding company that acquires interests in privately held companies. Cybertel Capital also acts as an incubator for profitable companies that would like to go public in the near future. Cybertel Capital will provide services to these companies and investment into their infrastructure that will enable them to become a public entity through dividend distribution to the shareholders of Cybertel Capital.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
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