YOUNGSVILLE, LA / ACCESSWIRE / January 14, 2016 / RedHawk Holdings Corp. (OTC: IDNG) ("RedHawk" or the "Company") announced today the appointment of Felix C. Spizale ("Mr. Spizale") to its board of directors. Mr. Spizale will replace Edward P. Crowley as part of the Company's transition to a board being comprised of a majority of independent directors. Mr. Spizale's appointment to and Mr. Crowley's resignation from RedHawk's board of directors will be effective February 1, 2016. Mr. Crowley will continue as President of RedHawk Financial Services LLC, the Company's financial services business unit.
Mr. Spizale is a 45-year veteran in the energy industry. For the past 14 years, he was a consultant for private companies specializing in oil and gas exploration and petroleum pipeline operations. Prior to his consulting work, he held various engineering, general manager and executive-level positions over his 32-year career at Texaco, Inc. ("Texaco").
Mr. Spizale joined Texaco in 1969 as a petroleum engineer in Texaco's Offshore District in Morgan City, Louisiana. In 1975, he was named Assistant District Petroleum Engineering Manager, responsible for the oversight of Texaco's offshore production in the Gulf of Mexico. In 1976, he was transferred and appointed to become Superintendent of Oil and Gas Processing, and subsequently Construction/Offshore Installation Manager, in charge of the design and construction of Texaco's North Sea Tartan Platform Production Facilities.
Between 1980 and 1991, Mr. Spizale held several managerial positions, responsible for Texaco's domestic onshore and offshore operations. Beginning in 1991, he held managerial positions within Texaco's Rocky Mountain operations, including Assistant to the President for the Denver Exploration and Production Division, Senior Vice President of Finance and Senior Vice President of Texaco's Central and Western Region Operations, responsible for Texaco's pipeline, terminal and marketing operations. In 1998, Mr. Spizale was named General Manager/President of Texaco Pipeline International, LLC which was responsible for identifying and optimizing Texaco's worldwide pipeline opportunities. Mr. Spizale retired from Texaco at the end of December 2001.
Mr. Spizale holds a Bachelor of Science degree in petroleum engineering from the University of Louisiana - Lafayette and is a graduate of the Columbia University Program for Executive Management Development. He is a member of the American Petroleum Institute and the Society of Petroleum Engineering. Over his career, he has held numerous civic and organizational board positions.
This release may contain forward-looking statements. Forward-looking statements are all statements other than statements of historical fact. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. The words "anticipate," "may," "can," "plans," "believes," "estimates," "expects," "projects," "targets," "intends," "likely," "will," "should," "to be," "potential" and any similar expressions are intended to identify those assertions as forward-looking statements.
Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties. In evaluating forward-looking statements, you should consider the various factors which may cause actual results to differ materially from any forward-looking statements including those listed in the "Risk Factors" section of our latest 10-K report. Further, the Company may make changes to its business plans that could or will affect its results. Investors are cautioned that the Company will undertake no obligation to update any forward-looking statements.
Daniel J. Schreiber, CEO
G. Darcy Klug, CFO
SOURCE: RedHawk Holdings Corp.