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Kentucky USA Energy, Inc. Announces Executive Management Team

Posted on: Thursday, 15 May 2008, 09:00 CDT

Kentucky USA Energy, Inc. (OTCBB: KYUS), a natural gas exploration and production company today announced the composition of its new executive management team. Kentucky USA Energy is led by Chief Executive Officer, Steven D. Eversole, and a team of energy industry veterans with proven success in resource production and company growth.

"We have put together a great team and I look forward to working with our seasoned colleagues in making this a successful year in the Company's growth," said CEO of Kentucky USA Energy, Steven D. Eversole. "With our recent announcement of the Company's gas reserve report, we are excited and ready to implement our business plan to capture a market share in the fast growing natural gas sector."

Kentucky USA Energy's Executive Management Team includes:

Chief Executive Officer, Steven D. Eversole. Mr. Eversole received a Bachelor of Science degree from Eastern Kentucky University in Industrial Technology. He began his career with American Electric Power ("AEP") and progressed over 13 years into mid-level management before leaving AEP in 2002 to start up a private company, Saddlebrook Holdings, LLC. Steve led one of the largest area operations at AEP with an annual budget of over $3 million. Steve's career at AEP included years of service in the marketing, accounting and operations departments of the company, successfully returning an area operation to profitability by providing strategic direction, improving the attitude and morale of AEP employees and reviewing all processes and implementing best practices. AEP operations under Steve's direction consistently met production targets and goals while staying within budget.

Mr. Eversole is an experienced business owner, entrepreneur and investor and is currently the Managing Partner of Saddlebrook Holdings, LLC. In 2007, Mr. Eversole founded KY USA Energy, Inc., the private company that recently merged with Kentucky USA Energy, Inc. At Kentucky USA Energy, Steve's focus as Chief Executive Officer is on day to day operations of the company's oil and gas development interests.

Chief of Exploration and Production, Petroleum Engineer, C. G. Collins. Mr. Collins has extensive education and experience in the energy industry. He holds a Bachelor of Science degree in Chemistry from Campbellsville University and a Bachelor of Science degree in Petroleum Engineering from the University of Texas. Since 1969, Mr. Collins has run his own company, Collins Petroleum, and as an independent petroleum engineer, he has drilled and/or developed over 800 wells in Kentucky, Tennessee, Illinois, and Indiana.

Mr. Collins' experience ranges from equipment operator to Manager-in-Charge at Dowell, a division of Dow Chemical. Mr. Collins has served as President of both the Tennessee Oil and Gas Association and the Kentucky Oil and Gas Association; he has been named "Oil man of the Year" by the Tennessee Oil and Gas Association; and he is affiliated with the American Institute of Mining, Metallurgical and Petroleum Engineering, the American Petroleum Institute, and the Society of Petroleum Engineers. He has recently been credited with formulating a unique strategy to perform a "remove and kill" process in collaboration with Boots and Coots, of Houston, TX on an out of control oil well in Morgan County, Tennessee.

Chief Financial Officer, Samuel L. Winer. Mr. Winer is a graduate of the Pennsylvania State University. Currently, Mr. Winer is the President of Evergreen Management Corporation. He has broad experience in corporate and securities transaction having formed, served as CEO and been a principal in energy companies and securities firms. He has held various executive positions in capacities of CEO, Chairman of the Board, President, Director, and COO for public companies in the oil and gas industry. Having extensive experience in the oil and gas industry, Mr. Winer formed and was the president of INVESCO Oil Company and Lion Drilling Associates. These two entities participated in the drilling of 40 oil or gas wells in Ohio, Indiana, and Pennsylvania for private investors.

In addition, Mr. Winer was also a consultant to Bear Stearns, the underwriter for Inexco Oil Company, and a consultant to Damson Oil Corporation. Both of these companies were leaders in the drilling industry and had extensive holdings throughout the world. Mr. Winer also helped form a registered Broker/Dealer with 2,000 brokers and served for a time as that firm's compliance officer.

Kentucky USA Energy recently announced that the Company acquired a 75% net revenue interest in a leasehold in the western Kentucky region. The property covers approximately 2200 acres in the Illinois Basin and targets a proved undeveloped estimated net reserve of 19.992 billion cubic feet (BCF) of natural gas within the New Albany Shale. The leasehold property is capable of supporting 40-50 drilling locations 1800 to 2500 feet vertically, and is adjacent to producing gas and oil wells.

Energy companies that are successfully drilling producing gas wells in the area include Chesapeake Energy (NYSE: CHK), NGAS Resources Inc. (Nasdaq: NGAS), and ATMOS Energy Corporation (NYSE: ATO), one of the country's largest natural gas distributors, which has a pipeline running through the Company's leasehold property.

About Kentucky USA Energy, Inc.

Headquartered in London, KY, Kentucky USA Energy, Inc. engages in the acquisition, exploration, and development of oil and natural gas resource properties, with a primary focus on shale gas in the Illinois Basin in Western Kentucky. The company is a growing independent energy company with the experience and technological expertise to develop the plentiful gas resources of the Illinois Basin's New Albany Shale.

More information about the Company may be found at www.kusaenergy.com.

Forward-Looking Statements

Certain statements in this news release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Actual results may differ materially from those currently anticipated due to a number of factors which may be beyond the reasonable control of Kentucky USA Energy, including, but not limited to, the availability and pricing of additional capital to finance operations, including the drilling of gas wells, and additional leasehold acquisitions, the viability of the shale gas fields in the Illinois Basin, the ability of Kentucky USA Energy to build and maintain a successful operations infrastructure and to retain its management team and future economic conditions and energy prices. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. Additional information on risks and other factors that may affect the business and financial results of Kentucky USA Energy can be found in the filings of Kentucky USA Energy with the U.S. Securities and Exchange Commission.

Source: Business Wire

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