Ronald H Abreu Joins Gulftex Operating, Inc. and TBX Resources, Inc.
February 25, 2009 - Dallas, Texas - Gulftex Operating, Inc. announces, Ronald H. Abreu has agreed to serve as Adviser to both Gulftex Operating, Inc. and TBX Resources, Inc. With over 40 years as a senior executive, Mr. Abreu has diverse experience in management. His consulting insight will be a valuable resource for Gulftex Operating, Inc. and TBX Resources, Inc.
Ronald H. Abreu has been involved with a wide variety of businesses across numerous industries. Mr. Abreu served as CEO for over ten years successfully guiding two growing retail chains to become leaders in their categories. He has successfully operated a consulting business, including interim assignments, for more than fifteen years. His clients ranged from $30 million to $1 billion in sales with 20 to 600 stores. Firms served have included startup ventures as well as established public and privately owned companies.
Mr. Abreu has held interim positions in private and publicly owned companies, and has served as interim CEO and General Manager for various retail and wholesale distribution firms. Many assignments have been in conjunction with a variety of Venture Capital, Banking and Public Accounting organizations.
Ronald H. Abreu's distinguished career includes serving as Adviser to Boards of Directors for publicly owned companies as well as having consulted for more than fifty different organizations. He has guided projects that included: acquisitions, divestitures, reorganizations, restructuring, strategic planning and business plans. According to Gulftex Operating, Inc. President and CEO, Tim Burroughs, "Ron will be a valuable asset to our organization. We are fortunate that Ron has agreed to serve as a business Adviser on critical projects and strategies."
ABOUT GULFTEX OPERATING, INC.
In 1996 Gulftex Operating, Inc. became a contract operator to TBX Resources, Inc. with over 100 operating wells in East Texas and Louisiana. Today Gulftex Operating, Inc. has a successful exploration, drilling and production track record participating in over 35 wells in the Barnett Shale. The Gulftex record includes an impressive 19 wells in the core area of the Barnett Shale. Tim Burroughs, President of Gulftex Operating, Inc. has spent the last 14 years building Gulftex Operating, Inc. Top energy companies including XTO Energy, Crusader Energy, Devon Energy, Conoco Phillips, Encana and others have partnered with Gulftex Operating, Inc. on Barnet Shale projects.
The Gulftex Operating, Inc. has a primary focus on the development of conventional and unconventional resource plays which includes the application of horizontal drilling and cutting edge completion technology aimed at developing shale and tight sand reservoirs. The Gulftex assets are located in various domestic basins, the majority of which are in the Ft. Worth Basin, Barnett Shale.
For other information regarding Gulftex Operating, Inc., please visit the Company's Internet Web site at http://www.GulftexOperating.com.
FORWARD-LOOKING STATEMENT DISCLOSURE
This press release contains "forward-looking statements" within the meaning of the Federal securities laws and regulations. Forward-looking statements are estimates and predictions by management about the future outcome of events and conditions that could affect Gulftex's business, financial condition and results of operations. We use words such as, "will," "should," "could," "plans," "expects," "likely," "anticipates," "intends," "believes," "estimates," "may," and other words of similar expression to indicate forward-looking statements.
There is no assurance that the estimates and predictions contained in our forward-looking statements will occur or be achieved as predicted. Any number of factors could cause actual results to differ materially from those referred to in a forward-looking statement, including drilling risks, operating hazards and other uncertainties inherent in the exploration for, and development and production of, oil and natural gas; volatility in oil and natural gas prices, including the adverse impact of lower prices on the amount of our cash flow available to meet capital expenditures, our ability to borrow and raise capital and on the values attributed to our proven reserves; drilling and operating risks in the unconventional shales and other reservoirs in which we operate, including uncertainties in interpreting engineering, reservoir and reserve data; the availability of technical personnel and drilling equipment; the timing and installation of processing and treatment facilities, third-party pipelines and other transportation facilities and equipment; changes in interest rates; and increasing production costs and other expenses.
Further information on risks and uncertainties affecting our business is described under Risk Factors are available in our reports filed with the SEC which are incorporated by this reference as though fully set forth herein. We undertake no obligation to publicly update or revise any forward-looking statement.
SOURCE: Gulftex Operating, Inc.
Contact:
Tim Burroughs, CEO
Gulftex Operating, Inc.
3030 LBJ Freeway Suite 1320 LB#47
Dallas, Texas 75243
972-243-2613
Don Lokke, Media Relations
Lokke Advertising
Don@LokkeAdvertising.com
972-490-5167



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