Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Georgetown Corp. (GTCP) Secures $100k Sale Of Equipment, Appoints 25-Year Industry Veteran As President Of Operating Subsidiary

Georgetown, which has rapidly established itself as a provider of oilfield services/equipment to a variety of domestic and international clients via wholly-owned operating subsidiary, Synergy Oil Tool & Supply LLC, reported today that the company's first major sale, totaling some $100k of equipment, has been completed. In addition the company was pleased to announce that 25-year veteran of horizontal directional drilling construction and oilfield tooling industries, Gary Haub, has been appointed President of Synergy.

Haub, who is no stranger to such deals, having cut his teeth as an entrepreneur and Products Manager at portable drilling rig and equipment designer/manufacturer, GEFCO (based in Oklahoma), commented on the awesome job done by GTCP management in securing this major sale.

The full spectrum approach of providing all of the necessary accoutrements contractors need to get the job done makes Synergy a one-stop-shop for "crown to ground" support. Oil and gas development is some of the hardest work on earth and bringing in a complex horizontal well to completion often requires that the suppliers know even more about what is required than the contractors themselves. It is this kind of sweeping, broad expertise Mr. Haub brings to the table as Synergy's top gun.

CEO of GTCP, Carl Swan, was clearly thrilled to land such a talented and experienced grassroots entrepreneur in the sector like Haub. From establishing noted supplier Drill Tube International back in 1996, which he later served as the VP of Operations, departing some nine years after he took the post, seven years after DTI was acquired by Grant Prideco, to his co-ownership of HDD Rotary afterwards, where he served as President and day-to-day operational overwatch/strategic planning, Mr. Haub has put in the work to earn this appointment.

Haub should serve as a beacon of trust for contractors/operators, driving in even more business.

Swan went on to extol the presence and influence built up by Haub in the Midwest market, noting how this widely shared respect throughout the oil and gas industry will help take the company's growth strategy to the next level. Swan expressed profound confidence over the extent to which both Haub and the company deeply value the shared principles of hard work, integrity, and social giving.

Energized by the obvious momentum Haub's appointment as the Presidency of Synergy will bring to operations, Swan projected that the guidance he will provide now allows further organic expansion of the management team and shareholder value. Creating a highly responsive, eminently knowledge, and totally equipped supply chain that customers in the break-neck oil and gas industry can count on is what it's all about for the company.

Incoming President of Synergy, Gary Haub, was truly grateful for the vote of confidence expressed by GTCP and emphasized how superb it was for the company's reputation, securing this deal so quickly. For an exploration stage company, GTCP has really hit the ground running here and has already made a name for itself.

For more information on the contract, the appointment of Gary Haub, or to learn more about Synergy Oil Tool & Supply LLC and its parent company, Georgetown Corp., please visit the company's website at: GeorgeTownCorp.net

Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net