Morgan Creek Energy Corp.
Morgan Creek Energy Corp. APPOINTS DRAYTON PRUITT TO ADVISORY BOARD
Corporate news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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MORGAN CREEK ENERGY CORP. OTCBB Symbol – MCRE
Frankfurt/Berlin Symbol – M6C
WKN: AØJL4C, ISIN: US61732R1Ø77
MORGAN CREEK ENERGY CORP APPOINTS DRAYTON PRUITT TO ADVISORY BOARD
Dallas, Texas (USA) – October 4, 2006 – Morgan Creek Energy Corp. (OTCBB:
MCRE, Frankfurt, Berlin: M6C) (the “Company”), announces the appointment of
Drayton Pruitt of Livingston Alabama, to the Company’s Oil and Gas Advisory
Board.
Mr. Pruitt received a Bachelor of Science Degree from the University of
Alabama in 1959, a Juris Doctor from the University Of Alabama School Of
Law in January of l96l, and a Doctor of Laws Degree from Livingston
University in l990. He is a practicing lawyer from Livingston, Sumter
County, Alabama since 1961 and is licensed to practice law in the States of
Alabama and Tennessee.
Mr. Pruitt serves on the Board of Directors of Cyber Operations, a
technology company that provides comprehensive customer solutions by
offering Network Design, Security, Management and Maintenance, Digital
Media Distribution and Video Monitoring and Storage. He also serves as
chairman of the Board of Directors of Regions Bank in Sumter, Alabama.
In addition to the law, Mr. Pruitt served as one of a three member Board of
Directors of Governor George C. Wallace’s Campaign for President of the
United States in the 1972 and 1976 campaigns. He was elected to the City
Council of Livingston, Alabama in 1964 and served until 1968, when he was
elected as Mayor and then served as Vice Chairman of the Utilities Board of
the City of Livingston from 1968 – 1980.
During his term as City Council member and Mayor, Livingston formed an
Industrial Development Board, which developed three Industrial Parks: the
South Heavy Industrial Park, the North Industrial Park and the McDowell
Interstate Industrial Park. Notably, he was featured in the lead article of
Venture Magazine for the innovative use of Industrial Revenue Bonds as
venture capital, which assisted in locating many industries to the area.
During the time that he was Mayor, the City of Livingston received more
money per capita from the Federal Government than any other city in
Alabama. A study done by the economic development subcommittee of Congress
concluded that Livingston had the most success and best used the monies it
received from the federal grant and loan programs of any City in the
Nation. He testified twice before the US Congressional Subcommittee
concerning the planning and organization needed to accomplish such a
successful use of capital.
Mr. Pruitt also has a distinguished military service record. He served in
the US Army Infantry beginning in 1957 and served in National Guard or
Reserve Units until 1968. He served as a Military Police Officer at Fort
Gordon Georgia during the Berlin crisis.
Morgan Creek Energy Corp. is greatly benefited by Mr. Pruitt’s extensive
legal, political, financial, and multi-faceted development background for
its Oil and Gas Advisory Board.
The Company’s Oil and Gas Advisory Board has been created in order to bring
a wide range of senior experience and global networks to Morgan Creek and
complement the Company’s Board of Directors. This multidisciplinary
approach is designed to aid in guiding growth and fortifying the Company’s
business model.
About Morgan Creek Energy Corp.: Morgan Creek Energy Corp. is a natural
resource exploration company engaged in the acquisition and development of
strategic oil and natural gas properties worldwide. For further information
see: www.morgancreekenergy.com
Contact North America: Investor Relations, Morgan Creek Energy Corp.
Phone: +1 214-321-0603 Fax: +1 866-559-7565
e-mail: info@morgancreekenergy.com
Contact Europe: International Market Trend AG
Phone: +41 43 888 67 00 Fax: +41 43 888 67 09
Stock Exchange Information: Symbol: OTCBB – MCRE
Frankfurt/Berlin Symbol – M6C, WKN: WKN: AØJL4C, ISIN: US61732R1Ø77
SAFE HARBOR STATEMENT
THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING STATEMENTS”, AS THAT TERM IS
DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF
1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY
HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS
REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED
IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO
CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER
MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED
OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS,
INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE
SUCH WORDS AS “ESTIMATE,” “ANTICIPATE,” “BELIEVE,” “PLAN” OR “EXPECT” OR
SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES
FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH
PROPERTY DEVELOPMENT AND FUNDING AS WELL AS THE RISKS SHOWN IN THE
COMPANY’S MOST RECENT ANNUAL REPORT ON FORM 10-KSB AND ON FORM 10-QSB AND
FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE
COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL
PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE
COMPANY’S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT
ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY’S DEVELOPMENT
EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL
SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS
NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE
FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS
COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS.
ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND
INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO
ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE
ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN
AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY’S
PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES
AND EXCHANGE COMMISSION.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES
FULL RESPONSIBILITY FOR ITS CONTENTS. EACH OF THE NASD, THE SEC AND THE
OTCBB NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS OF THIS NEWS
RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE
SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE
WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE
SECURITIES LAWS OF ANY SUCH JURISDICTION.
(c)DGAP 04.10.2006
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