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Well Power Inc. announces appointment of Dan Patience as President and Director
|By PR Newswire
|February 19, 2014 12:01 PM EST
HOUSTON, TX, Feb. 13, 2014 /PRNewswire/ - Well Power, Inc. (OTCQB: WPWR),- (The Company), is a Company that has secured the licensing rights to the state of
Texas for a new technology solution to process waste natural gas, such
as vented, flared or stranded gas into "clean power" and Engineered
Fuels, including no-sulphur diesel and diluents. Today the Company is
pleased to announce the appointment of Dan Patience as President and
Director of the Company.
Mr. Patience currently serves as the President of Noble Investment
Corp., a private company based in Calgary, Alberta that has been
providing Investment Banking/Investor Relations Services to publicly
listed Canadian and US Companies since 1994.
Dan Patience has been involved in the investment Industry for 30 years,
starting off his starting career in the brokerage business in 1984. He
founded Noble Investment Corp. February of 1994 which has been involved
in funding companies and guiding them toward public listings, as well
as providing Investor Relation services.
Mr. Patience is based in Calgary, Alberta and has focused on the oil and
gas sector, as well as hi-tech companies. Mr. Patience, stated, "Well
Power is entering into an exciting time of growth and opportunity with
the licensing of ME Resource Corp's technology for the solution of
wasted gas due to flaring. I am excited about the Micro-Refinery
technology as it will be mobile, scalable, and it will be able to be
deployed close to the wellhead to process raw natural gas into
Engineered Fuel and clean power. I personally feel that the
Micro-Refinery Unit presents itself as a game changing technology for
the industry and it is these types of forward thinking teams which I am
happy to be part of, and that we really hope will help to continue the
innovation in this industry."
Noble Investment Corp. has been instrumental in aiding companies, some
of which include Heritage Oil Corp., Allen-Vanguard Corporation
(TSX-VRS), Americas Petrogas Inc. (TSXv-BOE), and Niko Resources Ltd.
(TSX-NKO), raise over $250 Million CAD in financings for working
capital purposes. Prior to establishing Nobel Investment Corp. Mr.
Patience was with Levesque Securities Inc. based in Calgary, Alberta
from February 1992 to January 1994.
Mr. Patience studied marketing at the University of Calgary.
The Company believes Mr. Patience educational background, work history,
and strong financial experience will be of extreme value to the
operations of Well Power Inc.
About Well Power, Inc. (the "Company")
The Company has acquired an exclusive license from MEC, a Canadian
publicly listed company that is developing mobile and scalable Wellhead
Micro-Refinery Units (MRUs) deployable close to the wellhead to process
raw natural gas into liquid fuels and clean power. As a result of the
License Agreement, the Company is now a development stage company
seeking to commence the new business of distributing MRUs in the State
of Texas and from there into other geographical areas.
The Company is looking to position itself as a technology company, which
will provide oil and gas producers and operators a solution to process
otherwise wasted natural gas, including stranded, shut-in, flared and
vented gas and produce valued end-products including Engineered FuelTM (diesel, diluents, synthetic crude) and electrical power.
For more information about the Company please visit our website at www.wellpowerinc.com
Further information on the Company and its filings can be found at www.sec.gov
Forward Looking Statements
Some information in this document constitutes forward-looking statements
or statements which may be deemed or construed to be forward-looking
statements, such as the closing of the share exchange agreement. The
words "plan", "forecast", "anticipates", "estimate", "project",
"intend", "expect", "should", "believe", and similar expressions are
intended to identify forward-looking statements. These forward-looking
statements involve, and are subject to known and unknown risks,
uncertainties and other factors which could cause the Company's actual
results, performance (financial or operating) or achievements to differ
from the future results, performance (financial or operating) or
achievements expressed or implied by such forward-looking statements.
The risks, uncertainties and other factors are more fully discussed in
the Company's filings with the U.S. Securities and Exchange
Commission. All forward-looking statements attributable to Well Power,
Inc., herein are expressly qualified in their entirety by the
above-mentioned cautionary statement. Well Power, Inc., disclaims any
obligation to update forward-looking statements contained in this
estimate, except as may be required by law.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
SOURCE Wellpower inc.
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