Capital City Energy Group Appoints James E. Bishop to Its
Board of Directors
Accomplished Executive and former advisor to President
Ronald Reagan's transition team at the Department of
Commerce
Capital City Energy Group (OTC Bulletin Board: CETG), a
diversified oil and natural gas energy company, announced
today that it has appointed James E. Bishop to its Board of
Directors. Mr. Bishop increases the number of the Company's
independent Directors, replacing John F. Harsh, who will
remain a Senior Vice President with the Company. Mr. Bishop
is an experienced and accomplished executive, the former CEO
of two private energy services companies, and has extensive
investment banking and investment experience in the field.
Currently, he is a Managing Director and Co-founder of
WhiteStar Advisors, LLC which provide discretionary
investment management for pension funds with a focus on
energy, real estate and infrastructure investments
throughout the United States, Bermuda, and the Caribbean.
From 1994 to 2000, he was President of Janus Industries:
1994-2000, the successor in bankruptcy to United States
Lines, Inc., which at the time of its bankruptcy in 1986,
was one of the world's largest ocean shipping companies. He
served as the President and CEO of two of its California-
based oil and gas services companies, subsequently taking
Janus Industries public and increasing its value more than
1,500%.
"I am pleased to welcome Jim to our Board of
Directors," said Timothy W. Crawford, Capital City
Energy's Chief Executive Officer. "Jim's diverse
expertise as an operator, investor and banker in the energy
field should prove invaluable as we expand our business in
the services and exploration areas."
He also has approximately 15 years of experience as an
investment banker working in New York, bond and Sydney, and
has completed successful investments in a Colorado plant to
process waste seed potatoes into ethanol, and coal bed
methane wells in the 23,000 square mile Black Warrior Basin
of Alabama and Mississippi.
"I am excited by the prospects of Capital City Energy
and its unique business model," added Mr. Bishop.
"The ability to build a vertically integrated energy
company will allow the Company to benefit from many of the
secular trends that are driving energy prices to record
levels."
Mr. Bishop received a Bachelor's Degree in Finance from
Georgia State University, and a Juris Doctorate from Concord
Law School.
About Capital City Energy Group, Inc.
Based in Columbus, Ohio, Capital City is a diversified oil
and natural gas company with three separate divisions.
Capital City is evolving from being an innovative leader in
the design, management and sponsorship of retail and
institutional direct participation energy programs to become
one of the few vertically integrated independent oil &
natural gas companies. Their strategy is to continue to grow
a portfolio of core areas which provide growth opportunities
through grass-roots drilling, operating, service companies,
acquisitions and fund management.
"Investing in America's Energy Future"
Visit Capital City Energy Group at www.capcityenergy.com.
Safe Harbor Statement
Investors and readers are cautioned that certain statements
contained in this document, as well as some statements in
periodic press releases and some oral statements of our
officers and directors during presentations about our energy
funds, along with Capital City Energy Group's filings with
the Securities and Exchange Commission, including the
Company's registration statements, quarterly reports on Form
10-Q and annual report on Form 10-KSB, are
"forward-looking" statements within the meaning of
the Private Securities Litigation Reform Act of 1995 (the
"Act"). Forward-looking statements include
statements that are predictive in nature, which depend upon
or refer to future events or conditions, which include words
such as "expects," "anticipates,"
"intends," "plans," "could,"
"might," "believes," "seeks,"
"estimates" or similar expressions. In addition,
any statements concerning future financial performance
(including future revenues, earnings or growth rates),
ongoing busin
ess strategies or prospects, and possible future actions,
which may be provided by the Company's management, are also
forward-looking statements as defined by the Act.
Forward-looking statements are based on current expectations
and projections about future events and are subject to
various risks, uncertainties and assumptions about Capital
City Energy Group, its technology, economic and market
factors and the industries in which the Company does
business, among other things. These statements are not
guarantees of future performance and Capital City Energy
Group, Inc. undertakes no specific obligation or intention
to update these statements after the date of this release
CEOcast, Inc. for Capital City Energy Group, Inc.
Daniel Schustack, 212-732-4300
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