‘In-house Investor Relations Platform Formed to Help Insure Shareholder Value’
Dublin OH, August 29, 2013 — (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.”
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.
About Cardinal Energy Group, Inc.
Cardinal Energy Group, Inc. is a U.S producer of oil and natural gas within the United States. 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. We select prospects that offer a strong up-side for production. The upside we seek in a prospect is twofold – it must have the potential to be restarted or have its current production increased using newer technology and remediation methods and; 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.