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Consolidation Services Inc. Announces Appointment of Independent Board Member, Ben Daitch

August 20, 2010

LAS VEGAS, Aug. 20 /PRNewswire-FirstCall/ — Consolidation Services Inc. (the “Company”) (OTC Bulletin Board: CNSV), a petroleum industry energy company engaged in the development and operation of domestic oil and gas wells and the acquisition of petroleum mineral rights, announced today that it has appointed Ben Daitch, as an independent member, to its Board of Directors.

Mr. Daitch is a seasoned financial executive in the oil and gas industry with more than 18 years of experience having worked both as an investment banker and as a senior executive in the industry.

He has been Chief Financial Officer and Senior Vice President of Cano Petroleum, Inc. since June 2008 where he is responsible for the accounting, treasury, investor relations, human resources and information technology functions.

He also served as Senior Vice President and CFO at CDX Gas, LLC., (“CDX”) a privately held oil and gas company. Prior to his time at CDX, Mr. Daitch worked for Trust Company of the West (“TCW”), a U.S. based investment management firm as Vice President in the Energy and Infrastructure Group. Before working at TCW, Mr. Daitch worked as an investment banker at UBS Investment Bank, Banc of America Securities and Deutsche Bank.

Mr. Daitch received his MBA from New York University – Leonard N. Stern School of Business and has a Bachelor of Science in Management from Binghamton University.

About CNSV:

Consolidation Services Inc. is engaged in the exploration, acquisition, development, production and marketing of natural gas and crude oil in North America. The Company, founded in 2007, is based in Las Vegas, Nevada. The Company currently owns oil and gas wells along with oil and gas mineral rights on approximately 13,500 acres in eastern Kentucky and Tennessee. Consolidation Services Inc. is attempting to build shareholder value through further acquisition and exploitation of its domestic energy resources.

For more information, please visit: www.consolidation-services.net or www.CNSV.INFO

Forward Looking Statement:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and under the ‘safe harbor’ provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. Without limiting the foregoing, the words “believe,” “anticipate,” “plan,” “expect,” “seek,” “potential”, “estimate” and similar expressions are intended to identify forward-looking statements. These statements relate to future events or to the Company’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements.

Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors which could impact the Company and the forward-looking statements contained herein are included in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

SOURCE Consolidation Services Inc.


Source: newswire



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