DALLAS, Oct. 15, 2015 /PRNewswire/ — Breitling Energy Corporation (OTCBB: BECC) announces the appointment of Cesar A. Baez to the Board of Directors, effective immediately.
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Mr. Baez is currently President of YiP Television, a multicultural paid live TV (OTT) service targeting the immigrant community in the United States by offering live TV networks with relevant content from their country of origin. He also founded and was Managing Partner of Centinela Capital Partners, a $1 billion private equity fund of funds.
Mr. Baez has nearly three decades experience in private equity, asset management, media and investment banking. He was a former Partner and Principal of Hicks, Muse, Tate & Furst, where he co-founded the firm's Latin America private equity investment initiative. Following his tenure at Hicks Muse, Baez co-founded and was Managing Partner of Momentum Media Capital, a New York City-based Investment firm that focused on Hispanic and ethnic media companies in the U.S. market.
In 2006, Mr. Baez, was awarded the prestigious Ellis Island Medal of Honor, which pays tribute to U.S. citizens from various ethnic backgrounds. He also serves on the Board of Directors of Lenox Inc., Rockfish Grill and Spencer Enterprises.
"We are thrilled to add Cesar Baez to our Board of Directors. His depth of experience in private equity, investment banking and media is extensive to say the least," said Chris Faulkner, Breitling Energy Chairman and CEO. "Cesar knows our business model well and with his knowledge and history of growing viable businesses, we are honored that he accepted our invitation to join the Breitling Energy Board."
Mr. Baez is also an Adjunct Professor at Wagner College where he teaches a course on Alternative Investments to MBA candidates. He earned a B.S. degree in Economics and Business Administration from Wagner College in New York City.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements, including information about management's view of the Company's future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this press release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of the Company, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on the Company's future results. The forward-looking statements included in this press release are made only as of the date hereof. The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, the Company undertakes no obligation to update these statements after the date of this press release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for or released by the Company.
ABOUT BREITLING ENERGY CORPORATION
Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas, engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company's dual-focused growth strategy primarily relies on leveraging management's technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy's oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.
CONTACT:
Thomas Miller, VP of Communications, Breitling Energy, 214-716-2600, Email
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