GOOD NEWS OUT; DALLAS, Texas / ACCESSWIRE / April

GOOD NEWS OUT;

DALLAS, Texas / ACCESSWIRE / April 7, 2014 / Paradigm Oil and Gas, Inc. (OTC PINK: PDGO), a leading service provider to the oil and gas industry with expanding operations in oil and gas production, today announced that on Friday April 4, 2014, the Company filed “Form 10” with the Securities and Exchange Commission (SEC) to regain regulatory compliance.

The filing contains two years of audited financials from 2011 - 2012, nine months of reviewed financials for 2013, as well as a detailed account of all properties under lease and verified assets. The Company notes that SEC Form 10 is significant because it is one of the most basic sources of information about a publicly traded security used by analysts and potential shareholders to gather information needed to make investment decisions. Paradigm Oil and Gas CEO Vince Vellardita stated “After an extensive and exhaustive audit process, I am very please to report the filing. This is a tremendous step forward for the Company as it restores our compliance with the SEC, reinvigorates enthusiasm among shareholders, and positions Paradigm to attract a broader scope of investors.”

Since launching a full scale production initiative in 2014 from newly acquired wells along the Tuscaloosa Marine shale formation in Louisiana, the Company reports impressive oil production from additional properties in Texas, Oklahoma, and Louisiana, as well as newly tapped natural gas assets in Canada and Texas. News of oil and gas production coincides with approval to ship oil from its holding tanks in Texas and Louisiana, signaling the start of what Paradigm believes with be steadily increasing revenue.

Vellardita summarized recent developments by stating “As promised, we have taken bold steps forward, transforming Paradigm Oil and Gas into a streamlined, fundamentally sound, fiscally responsible company worthy of shareholder confidence.”

Paradigm Oil and Gas welcomes anyone interested in learning more about the company to visit their new web site at http://paradigmoil.com/ .