Steele Resources Corporation Announces New CFO: David Bridgeford
January 27 2011 - 2:33PM
Marketwired
Steele Resources Corporation (the "Company") (OTCBB: SELR)
announced today that it has named David E Bridgeford as its Chief
Financial Officer and Secretary, effective January 18, 2011.
Pauline Schneider, who was serving as the Company's interim Chief
Financial Officer and Corporate Secretary resigned due to personal
reasons on January 17, 2011. Mrs. Schneider will remain on the
Board of Directors to provide financial oversight and
recommendations.
Scott Dockter, the Company's President and CEO, commented on
this saying, "We are actively working to build Steele Resources to
become a producer of gold and silver and are nearing completion on
the acquisition of the Mineral Hill project in Montana. As we
develop this project, we believe the Company is going to undergo
substantial expansion in size and dramatically increase in
value.
To help manage this increasing activity, David is a savvy
individual with a wealth of executive level management experience
and his excellent resume and keen sense make him a valuable member
of the Company's management team. Having David at our corporate
office is a very necessary step as we move towards our goal of
becoming a producing company, and we are pleased to have him
fulfill this role."
Mr. Dockter continued saying, "Pauline has been very effective
during her tenure as our interim CFO. We deeply appreciate her
contributions and efforts on behalf of the Company and we are
pleased that she will continue to serve in her Board position."
Mr. Bridgeford, 57, is a senior financial executive with more
than 30 years of diverse management accounting and operations
experience, with both public and private companies. He served most
recently as the CFO of Jadoo Power Systems, Inc. which is a
development stage power supply company focused on hydrogen fuel
cells for emergency backup power for both military and commercial
customers. Mr. Bridgeford previously served as CFO for Ample
Communications, Inc. which was a fabless semiconductor company
operating in the PC and telecommunications data transmission
industries. Prior to these positions Mr. Bridgeford held senior
financial/accounting related positions with several companies in
fields of technology, building materials and banking. Mr.
Bridgeford holds an Accounting MBA from the University of Puget
Sound.
Regarding his new position with the Company, Mr. Bridgeford
stated, "I am honored to join the management team at Steele
Resources, their depth of knowledge and reputation in the industry
only enhances our potential and the realization of the
opportunities before us."
About Steele Resources Corporation:
Steele Resources Corporation is a precious metals exploration
and development company operated by professionals with extensive
exploration, mining, and public market experience. The Company is
working to become an active gold producer through exploration,
acquisitions, mergers, and by developing its existing portfolio of
properties. Its current ensemble of exploration properties, held by
its subsidiary, Steele Resources, Inc., includes two Nevada
properties, its Comstock Tyler Project which consists of 600 acres
in the historic Comstock District and its Fairview-Hunter Project
which consists of 2,300 acres near the Denton-Rawhide Mine. The
Company has also announced plans to acquire the Mineral Hill
Exploration project which is located near Pony, MT.
More information about Steele Resources Corporation can be found
at www.steeleresources.com.
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. Although Steele Resources Corp. believes that
the expectations reflected in such forward-looking statements are
reasonable, the forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ from those
projected. Steele Resources Corp. cautions investors that any
forward-looking statements made by Steele Resources Corp. are not
guarantees of future performance and actual results may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those
reflected in forward-looking statements include, but are not
limited to, risks and uncertainties regarding the actual
mineralization of Steele Resources Corp.'s mining properties, the
unproven nature of and potential changes to Steele Resources
Corp.'s business model, the risk that the capital and other
resources that Steele Resources Corp. will need to exploit its
business model will not be available, and the risks discussed in
Steele Resources Corp.'s Form 8-K dated June 17, 2010 and in Steele
Resources Corp.'s subsequent filings with the Securities and
Exchange Commission.
Contact: Website: www.steeleresources.com Email:
info@steeleresources.com Scott Dockter Phone: 530.672.6225
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