MIDLAND, Texas, Nov. 28 /PRNewswire-FirstCall/ -- United Heritage Corporation , a public company involved in the development of medium gravity crude oil assets, announced today that Walter G. Mize, C. Dean Boyd, Joe Martin, Charles Garrett and Bill Wilkins have resigned from the Company's board of directors with immediate effect. The Company is finalizing its search for their successors.
About United Heritage Corporation
United Heritage Corporation, founded in 1981 and based in Midland, TX, is focused on the development of on-shore oil and gas assets. The company has four leases covering 10,500 acres in the Wardlaw Field located in Edwards County, TX. Management believes this acreage possesses immense potential, as there has already been oil production from the field, and expects to complete a pilot project on this acreage during the first quarter of 2008.
Private Securities Litigation Reform Act Safe Harbor Statement:
The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. All statements other than statements of historical information provided herein may be deemed to be forward-looking statements. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects" and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those that we may anticipate in each of our segments reflected by our subsidiaries' operations include without limitations, continued value of our real estate portfolio, the strength of the real estate market in Houston, Texas, as a whole, continued acceptance of the Company's products and services, increased levels of competition, new products and technology changes, the dependence upon financing, third party suppliers and intellectual property rights, the rules of regulatory authorities and risks associated with any potential acquisitions. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis, judgment, belief or expectation only as of the date hereof.
1310 West Wall, Suite A Midland, Texas 79701 Joseph "Chip" Langston Jr. 432-687-1131
