PDGO News .0034 Paradigm Oil and Gas, Inc., Announces That Mr. Todd Violette Has Been Appointed As Its New CEO

2012-06-18 09:10 ET - News Release

Mr. Violette Expands His Current Role as CEO of Lighthouse Petroleum, Inc. to Explore Joint Venture and Merger Opportunities

CORSICANA, Texas, June 18, 2012 /PRNewswire/ -- Paradigm Oil and Gas, Inc., (OTC: PDGO), is pleased to announce that Todd Violette has been named as its new CEO and controlling shareholder to lead Paradigm in expanding its operations and to seek new opportunities that could grow the Company and achieve its production goals.

Mr. Violette is currently the Chief Executive Officer of Lighthouse Petroleum, Inc., a Public Company trading under the symbol (OTC: LHPT) and he will be exploring opportunities for the Company and Lighthouse Petroleum to joint venture or possibly merge in a manner that will maximize shareholder value for both companies.

Both Paradigm and Mr. Violette has determined that this management change brings common sense possibilities and is in the best interest of both Companies.  Paradigm did not have a current CEO or President and needed leadership and direction in order to become profitable.