HOUSTON, Sept. 18 /PRNewswire-FirstCall/ -- EPiC Energy Resources, Inc. (BULLETIN BOARD: EPCC) ("EPiC") a provider of engineering, management consulting, training and data management services to the energy industry, today announced that Texas State Representative John C. Otto has been named to the EPiC Energy Resources' Board of Directors and will serve as the Chairman of the Board's Audit Committee. Concurrently, Kevin G. McMahon has stepped down from the Board due to time constraints associated with his responsibilities as Senior Vice President - Internal Audit at Calpine Corporation, as well as his recent appointment to serve on the board of an NYSE listed energy services company.
Representative Otto is a Director of Ryan, North America's largest independent state & local tax consulting business, where he has been instrumental in its growth through strategic development and analysis of multistate taxation issues. Otto earned a Bachelor of Business Administration degree from Texas A & M University and is a certified public accountant. He began his career at KPMG, where he served as the senior auditor for various companies, including Mitchell Energy and Development Corporation, where he assisted in its successful initial public offering. He was elected to the Texas State House of Representatives in 2004 and currently serves as the Chairman of Budget and Oversight for the House Committee on Ways and Means.
Otto has vast experience in the energy sector and with start-up companies. While employed at a start-up directional drilling service company, he implemented financial controls and installed an enterprise accounting system in numerous locations. That start-up was later sold to a global oilfield services company. He is the founder and managing partner of a successful CPA firm and remains active in the energy industry providing consulting services, including advising on mergers and acquisitions, for mid-size energy service companies.
"We are excited that John has joined our Board, bringing over three decades of proven accounting, finance and tax experience," said Rex P. Doyle, EPiC's Chief Executive Officer. "We look forward to his contributions to our organization as we continue to focus on growth. At the same time, we would like to thank Kevin McMahon for his contributions to our organization over the past year and we wish him all the best as he manages his growing responsibilities."
About EPiC
EPiC Energy Resources is a Houston based integrated energy services company. EPiC provides consulting, engineering, construction management, operations, maintenance, specialized training and data management services focused primarily on the upstream and midstream energy infrastructure. Services are provided through Pearl, a diversified engineering and energy services company; Carnrite, a management consulting company focused on providing strategic and operational consulting services to the broad energy industry; and EIS, a global training and data management services company. EPiC is headquartered at 1450 Lake Robbins Drive, Suite 160, The Woodlands, Texas 77380. Office - 281-419-3742, http://www.1epic.com/.
Forward Looking Statements
Certain statements included in this release constitute forward-looking statements. These forward-looking statements are based on management's belief and assumptions derived from currently available information. Although EPiC Energy Resources ("EPiC") believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Actual results could differ materially from forward-looking statements expressed or implied herein as a result of a variety of factors including, but not limited to: a decline in the price of, or demand for, oil and gas, demand for EPiC's services, loss or unavailability of key personnel, inability to recruit or retain personnel, competition for customers and contracts, various potential losses associated with fixed-price contracts, general economic conditions; and other financial, operational and legal risks and uncertainties detailed from time to time in EPiC's SEC filings. EPiC does not undertake any obligation to publicly update forward looking statements contained herein to reflect subsequent events or circumstances.
CONTACTS:
Rex P. Doyle, Chief Executive Officer
281-419-3742 /
