LOS ANGELES, CA -- National Healthcare Technology Inc. (OTCBB: NHCT), d/b/a Brighton Oil, announced today that it has completed several major changes to the company.
The company has received final approval from the majority shareholders to change the name from National Healthcare Technology Inc. to Brighton Oil Inc. These actions will be formally approved at the shareholders meeting to be held within the next several weeks.
The company has announced the appointment of Sam Plunkett as the new president of the company. Sam Plunkett has extensive experience in oil and gas development, as well as securities and law. Mr. Plunkett is a licensed attorney in the state of California, and brings an enormous amount of skill and knowledge to the company. Mr. Plunkett s background will allow the company to quickly execute its acquisitions, agreements and contracts.
The company also has announced the closing of the purchase of an oil and gas drilling rig, which will be used for the drilling of the wells which the company will be developing. That rig is being mobilized to start drilling on several of the lease locations which the company owns in the next few weeks.
The company also has announced the closing of several purchases of oil and gas leases, and the execution of several additional leases which will be closing in the next week. The company is now positioned to grow substantially.
In addition, the company is set to relocate its main office to Dallas by the end of April. This will allow the company to hire highly trained and experienced oil and gas personnel and have a geographic central base in which to operate its projects. The company will maintain field offices in Kansas, California, and Oklahoma.
Mr. Plunkett has stated, "The company can now focus on its growth, improving shareholder value and directing the company to expand upon the oil and gas opportunities which exist. It is my expectation that the share price of the company should dramatically improve over a very short period of time."
About Brighton Oil:
Brighton Oil is an oil and gas company with a focus on gulf coast oil and gas prospects and properties. Brighton is careful to develop a thorough drilling plan using advanced technologies in both mapping and the use of 3D seismic reports and information. Brighton Oil trades under the ticker symbol NHCT. For more information on the Company visit www.Brightonoil.com.
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words "expects," "projects," "plans," and certain of the other foregoing statements may be deemed "forward-looking statements." Although Brighton Oil believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the drilling of oil and natural gas wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil and natural gas drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks with respect to oil and natural gas prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and gas prices and other risk factors.