CLEBURNE, Texas, June 9, 2004 (PRIMEZONE) -- United Heritage Corporation (Nasdaq:UHCP) announced today that Thomas J. Pernice has joined the Board of Directors. Mr. Pernice has served as a senior executive in the federal government and Fortune 500 corporations for more than 19 years. The appointment increases the number of independent directors on the Board to five.
Currently, he is President and Founder of Modena Holding Corporation, a business development, strategic communications, and political consulting company. He also currently serves as a consultant to a federal agency and on the Board of Directors of Universal Guardian Holdings (OTCBB:UGHO) and Advanced Biotherapy, Inc. (OTCBB:ADVB).
"I am pleased to welcome Tom to our Board of Directors at such an important stage in the Company's development. Tom brings with him an incredible wealth of experience and business relationships from his years of service in government and industry," said Walter Mize, United Heritage Corporation's Chief Executive Officer. "We are on the cusp of beginning drilling activities on our leases in the Val Verde Basin located in Texas. We believe that the new technique we will use for injecting nitrogen to recover a greater portion of the 'oil in place reserves' will unlock the potential of this highly attractive oil and gas property. We look forward to working with Tom and drawing upon his years of expertise as we grow the Company."
Prior to founding Modena, Mr. Pernice was a corporate officer and Vice President, Public Affairs for Dole Food Company, Inc. for more than seven years. Reporting directly to Chairman and CEO, David H. Murdock, Mr. Pernice managed corporate communications, investor relations, state and federal government relations and special assignments from the Chairman for the conglomerate of publicly and privately held business interests of Mr. Murdock, including Castle & Cooke, Inc. Prior to joining Dole Food Company, he served in The White House for more than seven years, first as a staff assistant to The President in the Reagan Administration and later as a senior official in the Bush (41) Administration. During this time, Mr. Pernice traveled with The White House to all 50 states and more than 90 countries and territories.
About United Heritage Corporation:
United Heritage Corporation is an oil & gas exploration and production company based in Cleburne, Texas. Through subsidiaries it holds four leasehold properties totaling 30,500 acres in Edwards County, Texas and Chaves and Roosevelt Counties, New Mexico, that are estimated to contain in excess of 275 million barrels of remaining oil-in-place. Currently, 27.6 million barrels/oil and 4,750,000 MCF/gas have been classified proved producing/proved undeveloped reserves. United Heritage's National Heritage Sales Corporation subsidiary purveys a line of specialized premium meat products under the brand name Heritage Lifestyle Products(tm).
This press release may include forward-looking statements based on current expectations that involve a number of uncertainties. Details on the factors that could affect United Heritage Corporation's business and financial results are included in United Heritage Corporation's Securities and Exchange Commission filings, including the latest Annual Report on Form 10-K and on its Quarterly Reports on Form 10-Q.