|By Marketwired .||
|July 21, 2014 08:30 AM EDT||
FORT WORTH, TX -- (Marketwired) -- 07/21/14 -- Innocent Inc. (OTC: INCT) (the "Company"), a development stage oil and gas exploration and production company, is pleased to announce that it has appointed Peter Kent as a member of the Company's advisory council.
Peter Kent is a corporate commercial lawyer and business advisor with more than 35 years of experience. He has been a partner of three Bay Street law firms; vice president and general counsel of Tecsyn International, a publicly traded midsize Canadian, multi-unit industrial conglomerate with 13 profit centers globally; vice president and general counsel of Keating Technologies, a privately held branch outsource service provider in the high-tech sector; and director and advisor to numerous corporate boards, including corporations in the oil and gas sector, downstream players and industrial conglomerates.
Peter has extensive familiarity across the spectrum of governance, business and legal responsibilities and has conducted high-level negotiations leading to transactions with large corporations including Chevron, Texaco (USA), Mitsubishi Kasei (Tokyo), Hoganas (Sweden), Imperial Oil (Canada) and others. He has acted as a consultant or de facto in-house counsel to businesses in diverse industries to manage complex contracts and outside counsel relations resulting in aggregate transaction values exceeding $1 billion.
Peter is thus well-versed with deal architecture in mergers and acquisitions and related financings, including all complex contract negotiations and problem solving. He once obtained an unusual and rare rectification order signed by President George Bush to correct an error in law which was not otherwise capable of any legal or judicial resolution. As in-house counsel, Peter has selected, instructed and supervised world-class external counsel and managed such external counsel in more than 30 jurisdictions and comprising up to 200 matters at a time. Peter is also familiar with Canadian small businesses and their financing, including mining exploration companies with offshore assets.
Peter holds an Honours BA from the University of Toronto (economics), a J.D. (law) from the University of Toronto and an LL.M (taxation) from Osgoode Hall at York University.
"We are very pleased to add Peter Kent to our world-class advisory team. He joins Scott Davis and Denis Clement, and we are looking forward to working with him and the other committee members as we grow our company," commented Innocent CEO Patrick Johnson.
About Innocent Inc.
Innocent Inc. is a development stage oil and gas exploration and production company focused on developing properties in North America. Innocent Inc. plans to minimize the risk of exploration through development of proved petroleum reserves, and expects to maximize profit through strategic acquisition and liquidation of selected oil and gas properties. Innocent Inc. has partnered with industry experts in an agreement and they will provide the technical guidance and field management experience. Together, this new team of Innocent Inc. and Evergreen Petroleum will focus on acquiring low risk, high upside properties coupled with substantial exploration potential. Through improvements in oil and gas production technologies, Innocent seeks to rapidly increase production levels and generate predictable, sustainable value. Adhering to a narrow, clearly defined strategy, the company is focused 100% on acquisitions and joint ventures to maximize our production capacity. For more information, visit www.innocentinc.com.
This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements. When used in this report, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: oil and gas prices, general economic or industry conditions, nationally and/or in the communities in which our company conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our access to capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting our company's operations, products, services and prices.
We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.
Patrick J. Johnson
Chief Executive Officer