HOUSTON, TX and LAGUNA BEACH, CA, United States, via ETELIGIS INC., 02/23/2015 – – SCT&E LNG, Inc. announced today that former Louisiana Attorney General, Richard P. Ieyoub, has joined its Board of Directors. Mr. Ieyoub served three consecutive terms as Attorney General and was elected in that capacity by the highest number of votes ever received by a statewide candidate in Louisiana history, over 1.1 million votes. Prior to that victory, he served seven years as District Attorney of Calcasieu Parish. Following his tenure as Attorney General, Richard returned to the private sector to continue practicing law. He is currently in private practice in Baton Rouge, Louisiana, where he specializes in civil and criminal litigation, governmental relations, and dispute resolution. Mr. Ieyoub’s shrewd insight to his home state of Louisiana, and in particular Calcasieu Parish, offers SCT&E LNG a sensitive viewpoint for decision making and will ensure that the Monkey Island project remains in the best interest of the Louisiana people.
Greg Michaels, CEO of SCT&E LNG, said, “SCT&E LNG is honored to have someone with Richard’s experience serve on our Board. I recognized immediately that Richard was a decent and honorable man. In addition, I also recognized that Richard has the skill set to help SCT&E LNG move its project forward. Richard really believes in this project!” As a Louisiana native and a champion of the legal community, Mr. Ieyoub’s most notable accomplishments during his tenure as Attorney General include spearheading the formulation of parens patriae, a policy that allows the state to sue on behalf of its citizens, and which led to a multimillion dollar tobacco settlement for Louisiana for the health care costs of smokers. Mr. Ieyoub served as President of the National District Attorney’s Association and, as their leader, was instrumental in helping the administration of President George Herbert Walker Bush pass the Crime Bill of 1991. The legislation provided much needed funding for law enforcement agencies and earned Mr. Ieyoub the President’s recognition as an “All American Hero.”
Beyond his successful political and professional career, Mr. Ieyoub is a family man whose personal life is characterized by his genuine concern for others. He is considered to be one of the oldest living organ donors, offering his kidney to his brother in 1977. He has served as a member of the Board of Directors of St. Jude’s Children’s Research Hospital and is presently a member of the hospital’s Professional Advisory Board. Mr. Ieyoub graduated in 1972 from Louisiana State University Law Center in Baton Rouge with a Juris Doctor. He was admitted to the bar and is licensed to practice in Louisiana.
About SCT&E LNG
Originally established by Southern California Telephone Company, a successful twenty-year, privately owned United States Public Utility Company, SCT&E LNG was created for the development of a Liquefied Natural Gas (LNG) Liquifaction and Export Terminal. The SCT&E LNG project is currently modeled as an LNG Tolling Facility utilizing cryogenic technologies to liquefy natural gas for the exportation of natural gas globally. Plainly stated, SCT&E LNG plans to liquefy approximately 1.60 billion cubic feet per day of natural gas to create approximately 12 million tons per annum of LNG at its future facilities on Monkey Island, Cameron Parish, Louisiana. Southern California Telephone Company, doing business today as SCT&E, includes its subsidiary North Energy Central whose principals have built over $5 billion in power generation projects worldwide. Originally founded in 1994 by CEO Greg Michaels, SCT&E is a vertically integrated Telephone, Energy, and Power Generation Corporation, offering Telecommunication Services as well as Energy Services, including renewable energy and energy efficiency solutions, thus blending the world of utility mediums.
SCT&E has multiple locations, with its corporate office headquartered in Temecula, California. SCT&E owns and operates a redundant telecommunications network and maintains facilities on both coasts of the United States. SCT&E holds a U.S. Federal Energy Regulatory Commission (FERC) Authority allowing it to buy and sell energy nationwide in both the wholesale and retail markets.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks, uncertainties, and assumptions that include expected earnings, future growth and financial performance, and typically can be identified by the use of words such as “expect,” “estimate,” “anticipate,” “forecast,” “plan,” “believe”, “optimistic,” “intend,” “will,” and similar terms. Although SCT&E LNG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially from those anticipated in these forward-looking statements. A variety of factors that could cause actual results to differ materially from those contemplated above include, among others, general economic conditions, hazards customary in the oil, gas and LNG industries, weather conditions, competition and developments in oil, gas and LNG markets beyond the Company’s control, the volatility of energy and fuel prices, failure of customers to perform under contracts, changes in the oil, gas and LNG markets, changes in government regulations of markets and of environmental emissions, the condition of capital markets generally, securitization of sufficient capital or a strategic business arrangement to fund its plan of operation, the Company’s ability to access capital markets, management resources and infrastructure necessary to support the growth of its business, unanticipated facilities outages, adverse results in current and future litigation, failure to identify or successfully implement acquisitions (including receipt of third party consents and regulatory approvals), failure to acquire or transact on off-take agreements, and other risk factors related to the liquefied natural gas and related and connected business.
All forward-looking statements attributable to SCT&E LNG or persons acting on its behalf are expressly qualified in their entirety by these factors. SCT&E LNG undertakes no obligation to update or revise any forward-looking statements, other than as required under applicable securities laws, whether as a result of new information, future events or otherwise. The foregoing factors could cause SCT&E LNG’s actual results to differ materially from those contemplated in the forward-looking statements included in this news release and should be considered in connection with information regarding risks and uncertainties that may affect SCT&E LNG’s future results.
Assistant to Greg Michaels
SOURCE: SCT&E LNG