FOR
IMMEDIATE RELEASE DECEMBER 10, 2015
Media
Contact:
Julie
Calzone
(337)
235-2924
Company
Contacts:
Daniel
J. Schreiber, CEO
(858)
509-8800
G. Darcy
Klug, CFO
(337)
269-5933
THOMAS J. CONCANNON TO JOIN
REDHAWK
Youngsville, Louisiana– RedHawk
Holdings Corp. (OTC: IDNG) (“RedHawk” or the
“Company”) announced today that Thomas J. Concannon will join the Company
effective February 1, 2016 as its Executive Vice President and Chief Operating
Officer. Upon joining RedHawk, Mr. Concannon will be appointed to become a
member of the Company’s board of directors. Mr. Concannon has over 25 years of
industry experience and has worked as a financial consultant in private
industry since 2013.
Between 2010 and 2013, Mr. Concannon
was the Senior Vice President and Secretary for Wolfpack Energy Services, LLC,
a Texas-based provider of rental equipment and tubular services to the oil and
gas industry. Between 2008 and 2010, he held a similar senior financial
position with RedHawk Energy Corp., an oilfield services company owned by
Beechwood Properties, LLC (“Beechwood”). Beechwood is the beneficial owner of
approximately 38% of RedHawk’s common stock and is owned by G. Darcy Klug, the
Company’s Chief Financial Officer.
Between 1996 and 2006, Mr. Concannon
served as Vice President and Chief Financial Officer of Geokinetics Inc., a
Nasdaq-listed provider of seismic acquisition and data processing services to
the oil and natural gas industry. From 1992 to 1996, Mr. Concannon worked as a
private financial consultant for various energy companies. Prior to 1992, Mr.
Concannon served as President of NJR Energy, an oil and natural gas exploration
company and as a director of its parent company, New Jersey Resources, a New
York Stock Exchange Company. Prior to receiving his Juris Doctor degree from
St. John’s University School of Law, Mr. Concannon earned his Bachelor of
Science in Accounting from Manhattan College and was a member of the audit
staff of PricewaterhouseCoopers.
# # #
This release may contain forward-looking statements. Forward-looking
statements are all statements other than statements of historical fact.
Statements contained in this release that are not historical facts may be
deemed to be forward-looking statements. The words “anticipate,” “may,” “can,”
“plans,” “believes,” “estimates,” “expects,” “projects,” “targets,” “intends,”
“likely,” “will,” “should,” “to be,” “potential” and any similar expressions
are intended to identify those assertions as forward-looking statements.
Investors are cautioned that forward-looking statements are
inherently uncertain. Actual performance and results may differ materially from
that projected or suggested herein due to certain risks and uncertainties. In
evaluating forward-looking statements, you should consider the various factors which
may cause actual results to differ materially from any forward-looking
statements including those listed in the “Risk Factors” section of our latest
10-K report. Further, the Company may make changes to its business plans that
could or will affect its results. Investors are cautioned that the Company will
undertake no obligation to update any forward-looking statements.
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