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Torchlight Energy Resources, Inc. has appointed Edward Devereaux, Jerry Barney and E.L. Shockey to its Board of Directors.
The addition of these three independent members will increase the size of Torchlight's board to seven and add substantial experience to its ranks.
Mr. Barney has over 30 years of experience in various management and consulting positions with technology, oil services and government entities. Mr. Barney was a director of Barney Family Companies, a successful investment firm with holdings in oil and gas properties, office buildings and financial assets. Mr. Barney has a Bachelor of Science from the University of Kansas; a MA in Education from Columbia University; and a MBA from Rensselaer University.
Mr. Devereaux is a seasoned investment executive with over three decades of experience in investment management, investment banking and securities sales and marketing. Mr. Devereaux has helped raise more than $10 billion of investment capital in his career, which includes Prudential Securities and Lightstone Securities. Mr. Devereaux has a B.A. from Hofstra University.
Mr. Shockey is a successful and experienced entrepreneur and executive who currently acts as a mentor for many of the companies in his investment portfolio. He will officially join the Board once the Company's Form 10SB has been declared effective by the SEC. After completing his service in the U.S. Navy, Mr. Shockey entered the software industry and gained broad knowledge of military software and telephony applications while at GE, RCA, Raytheon, and Northern Telecom. He founded Computerware in 1978 and successfully developed and marketed a telephone company management system for shared tenant services. Computerware was bought by a venture capital fund in 1986. Mr. Shockey then founded Telecommunications Support Systems (TSS) to dispatch substitute teachers for schools. Its customers included 600 of the largest school districts in the U.S. and Canada. TSS was sold in 2000 and currently operates as eSchools Solutions, Inc.
John Brda, Torchlight's President, commented: "I am happy to welcome our new members onto the Torchlight Energy Board. We look forward to drawing from their capital markets and industry experience. With the Company's aggressive acquisition and development strategy underway, we have entered a period of asset and production growth and these three gentlemen bring valuable experience that will benefit our team."