Texas Oil & Minerals, Inc. Announces an Executed Joint Venture with Golden Triangle Enterprises, Inc.

SAN ANTONIO, TX, March 07, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Texas Oil and Minerals Inc. (OTC Pink: TOMI) is pleased to announce that the Company has formalized an agreement to Joint Venture with Golden Triangle Enterprises, Inc.

Golden Triangle Enterprises, Inc. (“GTE”) is a multi-faceted consulting company aiming to purchase, acquire and/or joint venture with businesses in the Entertainment, Health and Technology sectors. The initial target acquisition is planned to be announced in the very near future. With an array of knowledge and combined operational and executive experience, Golden Triangle Enterprises strives to become a meaningful innovator driven by its passion and commitment in these marketplaces. The Company also plans to utilize their relationships and create a platform for new and existing businesses to strengthen their products and / or services.

As part of this change in business strategy, Golden Triangle Enterprises has executed an agreement to Joint Venture with Texas Oil and Minerals and acquire the Preferred Series F and G, which represent voting control of the company, from the current controlling shareholder and former CEO of the Company, Tom Gouger.  Additionally, a new CEO has been elected and Tom Gouger has resigned his positions as CEO and Chairman. Stuart Seim has been appointed as the new CEO of Texas Oil & Minerals, Inc. The company also intends to pursue the possibility of a name and symbol change to better reflect the new business strategy.

Mr. Seim, CEO of Texas Oil & Minerals, began his career as an Associate Professor at the University of Manitoba in the field of Outdoor and Environmental Education after receiving his master’s degree and completing advanced educational studies. Coming from a family with an extensive financial background, Mr. Seim transitioned into the Financial Services Industry where he then became a Stock Broker in Rockford, IL, for a major regional financial firm, Robert W. Baird. In a short time, he became the Branch Manager for Baird in Minneapolis, MN while also serving as a Managing Director for Baird. During this time, Mr. Seim also served on the Board of an Industrial Hearing Company, which he helped to launch as a new company (The TK Group).  Mr. Seim continued to serve on a Hospital Advisory Board in Rockford, IL, as well as serving on a Children's Development Board and Crisis Hotline.  In Minneapolis, MN, Mr. Seim served as Chairman of Courage Center Foundation, Chairman of Goodwill Easter Seals and Vice Chairman of the Catholic Elder Care.  Mr. Seim and his wife moved to Arizona, where Mr. Seim served as Chairman of the Board of Catholic Charities of Arizona and as an advisor to other charities. Mr. Seim currently resides in Colorado where he is an advisor to several other organizations.

Mr. Seim stated, “We are excited to work with the Golden Triangle team and look forward to the opportunities of creating a great organization. My goal is to assist the company on all corporate objectives within their projects. With an extensive background advising different organizations, I am extremely confident in the value I will bring to this company.”

Jack E. Thompson, CEO of Golden Triangle Enterprises, Inc. served 6 years in the US Airforce as a Fuels Specialist at Davis Monthan Air Force Base in Tucson Arizona and received an Honorable Discharge in 1993. Mr. Thompson then went on to work for IBM in the Hazardous Materials department while attending Health, Safety and Environmental (HS&E) compliance studies at College.  Mr. Thompson was then employed by Allied Signal AeroSpace where he held the position of Health Safety and Environmental Specialist from 1984 to 1989 before starting his own HS&E consulting firm. After relocating to San Diego he held the position of Corporate HS&E Manager at Secor International and then moved on to become the HS&E manager for the County of San Diego Roads department with over 500 employees for 3 years. After almost 20 years in the HS&E field he shifted his career path to inside sales with a Commercial Collection Agency where he rapidly advanced to the sales manager. In 2012 Mr. Thompson relocated to Las Vegas Nevada where he did inside sales with a Merchant Services Company before shifting his career path into the Capital Markets while representing a number of different publicly traded companies. Mr. Thompson brings a wealth of experience and contacts that will be essential in bringing new business strategies to a successful completion.

Mr. Thompson stated, “I am very pleased to be a part of the elite team at Golden Triangle Enterprises and we look forward to building a world class company with Stuart and Texas Oil & Minerals. Our team has spent years of preparation on multiple projects and the Company is very excited to announce all of the details and execution plans in the near future.”

Forward-Looking Information

This news release may include "forward-looking statements" including forecasts, estimates, expectations, and objectives for future operations including but not limited to its ability to conclude a business combination with a third party, sale of assets, return of capital or initial public offering and a secondary listing on the OTC as a result of aforementioned and its ability to fund the exploration of its assets through the raising of equity or debt capital or through funding by a joint venture partner that are subject to a number of assumptions, risks, and uncertainties, many of which are beyond the control of Texas Oil & Minerals, Inc. including but not limited to capital markets and securities risks and continued development success on technology. There can be and are no actual or implied guarantees that any of the above activities will be completed or completed on terms acceptable to the Company and its shareholders or approved by any regulatory authority having jurisdiction. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Texas Oil & Minerals, Inc. does not assume the obligation to update any forward-looking statement, except as required by applicable law.


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