DUBLIN, OH -- (Marketwired) -- 08/29/13 -- (OTCQB: CEGX) Cardinal Energy Group, Inc. announces the launch of Redbird Social LLC, a wholly owned subsidiary of Cardinal Energy Group. Redbird Social is an in-house investor awareness platform. The platform utilizes convergent social media channels to deliver Cardinal's public communications to its shareholders and the investing public in general. The principals of Redbird Social are Brian McGowan Jr., Matthew Thomas and Brian McGowen Sr.
Brian McGowan Jr. and Matthew Thomas developed their marketing acumen in social-media from developing social campaigns for numerous major companies. They have extensive experience in the luxury automotive, high end clothing, technology and e-commerce industries. Brian McGowan Sr. rounds out the team with his experience gained over the past two years from establishing a successful convergent media communications platform for financial professionals.
John C. May, Cardinal Energy's Senior Vice President, directs Redbird Social's development and day to day operations.
Timothy Crawford, CEO of Cardinal Energy, comments, "One of the quandaries of any public company is delivering proper communication to existing shareholders and the investing public. When companies utilize outside consultants and third party promotion firms it does not always turn out well for the company. In many cases you will see a precipitous rise and then fall in the stock price as a few key individuals do well and the rest of the shareholders are left in the dust. By launching a proprietary in-house communications platform we will gain more control in the dissemination of our messages to the public. We are committed to increasing our shareholder value and believe in the tried and true way. So we formed Redbird Social to communicate globally with our shareholders and the investing public. Redbird Social delivers our company messages through a convergent platform that utilizes traditional and modern communication channels. We are enthused about this new venture and the young talent we have brought on-board to be an integral part of the Cardinal Energy."
About Cardinal Energy Group, Inc.
Cardinal Energy Group, Inc. is an American company that produces American oil and natural gas. The Company is based in Dublin, Ohio. Cardinal focuses on known formations that have significant proven reserves remaining that can be produced economically. Cardinal targets fields with wells that may need remediation due to neglect or undercapitalization. The prospect must offer a strong up-side for production. The upside we seek in a prospect is twofold -- it must have the potential be restarted or have its current production increased using newer technology and remediation methods; it must also have additional lease acreage which can be further developed by completing development wells adjacent to existing producing wells. Cardinal exploits these undervalued assets by acquiring a majority working interest in the prospect and then applies the Company's calculated development plan. Cardinal also seeks acquisitions of over-leveraged companies when there is a clear upside from their purchase based on strong commodity prices. The Company operates throughout the Continental United States. More information on Cardinal Energy Group, Inc. is available at www.cardinalenergygroup.com.
Forward Looking Statements
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Cardinal Energy Group, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our ability to obtain financing and close on the acquisition of the oil and gas leases and property, our beliefs concerning our ability to increase the rate of oil and gas production, and the expected demand, pricing and operating results for our oil and gas operations.
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Prospectus dated August 12, 2013.
Cardinal Energy Group, Inc.
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