TULSA, OK, September 30, 2013- (eTeligis via ACCESSWIRE)- CAVU Resources, Inc. (OTC Pink: CAVR) announces the appointment of an Advisory Expense Committee - in order to guide the Company's corporate expenditures and to mange expenses.
Advisory Expense Committee Appointees: Mark McLaughlin, John Strawn, Esq., and William Robinson. "Just as the Advisory Board has brought structure and order to CAVU's business, likewise the Advisory Expense Committee aims to oversee the expense side of CAVU's business, especially important as CAVU is expecting much improved revenues in the 4th quarter, 2014 and beyond," stated Chairman of the advisory committee Mark McLaughlin.
"The mission of this Advisory Expense Committee is to better CAVU's integrity and efficiency through responsible expense controls, as well as improving the Company's accounting processes. We have taken this step for CAVU's shareholders and believe this is the first action in aligning the company for an eventual up-listing," stated John Strawn Esq.
"We have created this committee to insure CAVU's shareholders moving forward that we have the necessary guidelines in place for full transparency for our investors. As we continue to execute our business plan designed to increase our revenues, grow CAVU's assets and reduce debt. We plan to consolidate all short term vendors and the balance of our existing debt into a more manageable long-term debt, now that we are producing consistent cash flows. We also plan to form finance and audit committees from existing management and advisory board members to insure this is properly executed we need defined structure in place for full, monetary accountability," stated William Robinson, President.
About CAVU Resources, Inc.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Texas, Kansas and Louisiana. CAVU's operating subsidiary, CAVU Energy Services, Inc., licensed Oil and Gas Operating Company manages the company's properties in Oklahoma with plans to operate targeted leases in Texas, Kansas and Louisiana. More information is available at the company's website at http://www.cavu-resources.com.
Cautionary note: This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to U.S. investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
CAVU Resources, Inc.
William Robinson, Chairman
Louis Silver, CEO
302 east 10th Street
Tulsa, OK 74120
SOURCE: CAVU Resources, Inc.
Leave a comment...