Patton Boggs Retained as Wescorp Energy Legal Council USA
Market Wire, October, 2006
Wescorp Energy (OTCBB: WSCE) is pleased to announce that Patton Boggs LLP has been appointed as Wescorp's Legal Council in the USA. Alan L. Talesnick will head Patton Boggs' work on behalf of Wescorp. Patton Boggs has more than 500 attorneys, with seven offices in Washington D.C., New York City, Denver, Dallas, Newark, Northern Virginia, Anchorage, and an international office in Doha, Qatar.
Alan L. Talesnick, a Partner at Patton Boggs ( www.pattonboggs.com ), holds both a law degree (JD), and a Masters of Business Administration (MBA) from Harvard University. Mr. Talesnick counsels on securities law matters, including finance offerings, disclosure and SEC compliance, corporate governance, mergers and acquisitions, and business transactions.
Mr. Talesnick comments, "We are pleased to have been chosen to counsel Wescorp Energy. They have recently strengthened their management team and are undertaking a plan to grow their business. We intend to work closely with company management and the Board of Directors to provide strategic advice and oversight of corporate governance and other disclosures, including SEC reporting."
Dr. Scott Shemwell, COO of Wescorp comments, "Alan and Patton Boggs bring to Wescorp one of the key elements necessary for continued success for an emerging growth company. We look forward to their counsel on strategic business initiatives, including matters related to the financial and investment communities."
About Wescorp
Wescorp Energy Inc. ( www.wescorpenergy.com ) is an energy services and engineering company committed to commercializing new technologies intended to increase existing production while also increasing economically recoverable petroleum reserves. The company has the drilling, production, and process optimization expertise to deliver technology solutions to market in a timely, economic and environmentally friendly manner.
Our Flowstar Technologies Inc. division ( www.flowstardcr.com ) produces advanced natural gas and gas liquids measuring devices based on a patented turbine-based Digital Chart Recorder (DCR) metering system. DCR meters are self-contained energy-efficient units with integrated flow computers that are more accurate, easy to install and cost-effective than conventional flow-metering systems. They install directly near the well-head and do not require external power, metering loops, heated shelters or alcohol injectors to protect them from weather condition to -50 degrees C.
Ellycrack AS, a Norwegian corporation with which we have a binding agreement to enter into a joint-venture ( www.ellycrack.com ), is providing a permanent heavy oil upgrading pre-processing technology enabling low-cost transport to the refinery. In addition to the arrangement for a joint venture, we also own an approximate 13% equity interest in Ellycrack AS.
Wescorp shares currently trade on the NASD-OTCBB Exchange under the symbol "WSCE."
Safe Harbor Statement
Any statements contained herein that are not historical facts are forward-looking statements, and involve risks and uncertainties. Potential factors could cause actual results to differ materially from those expressed or implied by such statements. Information on the potential factors that could affect the Company's actual results of operations is included in its filings with the Securities and Exchange Commission. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future.
Contacts: Wescorp Energy Inc. David Jones Investor Relations (705) 845-0933 or Toll Free: 1-877-247-1975 Email: djones@wescorpenergy.com Website: www.wescorpenergy.com
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