Ness Energy Announces Management
Changes
WEATHERFORD, Texas and NETANYA, Israel, Sept. 4 /PRNewswire-FirstCall/
-- Ness Energy International, Inc. announced today that CEO and
President, Sha Stephens, has resigned and has appointed Anthony
Allenby as the new CEO.Effective
immediately Anthony Allenby is the new CEO, President, and
Chairman of the Board for Ness Energy International, Inc. Former
CEO Sha Stephens, as Chairman of the Board, appointed Mr.
Allenby to these positions as his last act before resigning
himself from those posts. Mr. Stephens remarked, "I have the
utmost confidence in Mr. Allenby and his ability to carry The
Vision into the future and I believe I am leaving Ness
shareholders in very capable hands. I wish to thank the
shareholders for their support during my time at Ness and pledge
my continued support in whatever capacity is appropriate."
Ness Energy's newly appointed CEO, Anthony
Allenby, is an international investor and business consultant
previously based in England who has followed Ness Energy for
several years and is a staunch believer in The Vision. Mr.
Allenby comments, "I am honored and delighted to have been given
the opportunity to serve as the leader of an organization with
such a significant and monumental calling -- the discovery of
the largest oil field on earth in Israel. There is much work to
be done and I have many plans for the company. Over the next
several weeks I will begin outlining specific steps of my plan
of recovery and of pushing forward with The Vision. I appreciate
the past, and continued, support of Ness Energy shareholders and
look forward to renewed efforts and future success."
Farewell and Introduction letters from both
Mr. Stephens and Mr. Allenby can be viewed at
http://www.nessenergy.com.
Additional Information
CEO Allenby has already implemented several
improvements that should provide substantially greater
information sharing with Ness shareholders, and other supporters
of the company. Among these changes are a CEO Blog and an open
discussion forum, both of which can be accessed via our website
at http://www.nessenergy.com. In addition, beginning on
September 10, 2007, those without Internet access will be able
to call the primary number for Ness headquarters at 817-341-1477
and receive much of this information in a recorded voice format.
Mr. Allenby comments: "I believe it is vital that our
shareholders and supporters be kept informed of our plans and
activities. They invested in our company and vision and deserve
to be kept informed of both our successes and failures. I will
do my best to ensure this happens. Please understand that Ness
is currently operating with minimal administrative staffing. The
result is that we will not be able to respond individually to
every phone call or email that is sent. The intent of these new
communications methods is to afford us an opportunity to see
comments and questions in an open manner, and respond to them in
a similarly open manner. The net effect of this openness should
be that most Ness supporters can receive answers to their
questions, possibly even before asking them."
About Ness - The Vision
Ness Energy is involved with oil and gas
interests in North America. Ness is also an active player in the
energy industry in Israel, carrying out The Vision of The
Company. 'The Vision': that Israel, in particular the Dead Sea
region, is a place where "Science and The Bible shake hands" and
that Ness will achieve realization of The Vision through the
location and recovery of an abundant supernatural source of oil
and gas in Israel for The Nation of Israel.
Forward-Looking Statements
This news release includes forward-looking
statements. Actual results could differ materially from those
contemplated by such forward-looking statements as a result of
any number of factors and uncertainties, many of which are
beyond the control of the company. Important factors that could
cause actual results to differ materially from those in such
forward-looking statements are enumerated in the company's
registration statement filed with the Securities and Exchange
Commission. Undue reliance should not be placed upon any
forward-looking statements, and the company undertakes no
obligation to update those statements.