Contact Information: For further information please contact: Investor Relations in the U.S. Pfeiffer High Investor Relations, Inc. Geoff High Principal Phone: 303-393-7044 Torrent Energy Corp. John Carlson President & CEO Phone: 503-224-0072 Email: Investor Relations in Canada CHF Investor Relations Cathy Hume CEO Phone: 416-868-1079 ext. 231 Email:
Torrent Energy Announces Director Departures
| Source: Torrent Energy
PORTLAND, OR--(Marketwire - March 14, 2008) - Torrent Energy Corporation (OTCBB : TREN ) today
announced that three of the Company's directors -- Michael Raleigh, Curt
Hartzler and George Hampton -- have resigned from the board effective March
10, 2008. The Company said that each director had indicated the need to
devote more time and energy to existing professional responsibilities,
which in the future would prevent them from providing effective
representation on behalf of Torrent.
Torrent Chairman Bill Lansing stated, "Michael, Curt and George each
indicated that his resignation was in no way related to Torrent's
operational performance or financial condition. We wish to thank all three
for their valuable contributions and insights during their tenure on the
board, and we wish them well in their future endeavors. The remaining
directors will continue to provide active oversight and direction to the
Company's management team during this transitional period and our pursuit
of new financing. In addition, we will actively pursue qualified new
director candidates to serve on the Torrent board."
About Torrent Energy Corporation
Torrent Energy Corporation is an exploration company focusing on developing
non-conventional natural gas reserves in the Northwestern United States.
The Company's primary objective is to create value for stakeholders by
applying strong technical expertise to projects. The current focus of the
Company's Oregon subsidiary, Methane Energy Corp., is on the exploration of
the Coos Bay Basin project in southwestern Oregon where the Company
currently has a land portfolio that includes over 118,000 acres of
prospective land. For more information please visit www.torrentenergy.com.
Safe Harbor Statement:
This news release includes statements about expected future events and/or
results that are forward-looking in nature and subject to risks and
uncertainties. Forward-looking statements in this release include, but are
not limited to statements concerning new financing; our applying strong
technical expertise to projects; and the pursuit of qualified new director
candidates. It is important to note that actual outcomes and the
Company's actual results could differ materially from those in such
forward-looking statements. We may be unable to attract qualified directors
or qualified staff and we may be unable to fund our company as we require.
For more risk factors about our Company, readers should refer to risk
disclosure in our most recent 10-K and Form 10-Q filed on Edgar.