DALLAS, Oct. 4 /PRNewswire-FirstCall/ -- Morgan Creek Energy Corp. (OTC Bulletin Board: MCRE; Frankfurt, Berlin: M6C) (the "Company"), announces the appointment of Drayton Pruitt of Livingston Alabama, to the Company's Oil and Gas Advisory Board.
Mr. Pruitt received a Bachelor of Science Degree from the University of Alabama in 1959, a Juris Doctor from the University Of Alabama School Of Law in January of l96l, and a Doctor of Laws Degree from Livingston University in l990. He is a practicing lawyer from Livingston, Sumter County, Alabama since 1961 and is licensed to practice law in the States of Alabama and Tennessee.
Mr. Pruitt serves on the Board of Directors of Cyber Operations, a technology company that provides comprehensive customer solutions by offering Network Design, Security, Management and Maintenance, Digital Media Distribution and Video Monitoring and Storage. He also serves as chairman of the Board of Directors of Regions Bank in Sumter, Alabama.
In addition to the law, Mr. Pruitt served as one of a three member Board of Directors of Governor George C. Wallace's Campaign for President of the United States in the 1972 and 1976 campaigns. He was elected to the City Council of Livingston, Alabama in 1964 and served until 1968, when he was elected as Mayor and then served as Vice Chairman of the Utilities Board of the City of Livingston from 1968 - 1980.
During his term as City Council member and Mayor, Livingston formed an Industrial Development Board, which developed three Industrial Parks: the South Heavy Industrial Park, the North Industrial Park and the McDowell Interstate Industrial Park. Notably, he was featured in the lead article of Venture Magazine for the innovative use of Industrial Revenue Bonds as venture capital, which assisted in locating many industries to the area.
During the time that he was Mayor, the City of Livingston received more money per capita from the Federal Government than any other city in Alabama. A study done by the economic development subcommittee of Congress concluded that Livingston had the most success and best used the monies it received from the federal grant and loan programs of any City in the Nation. He testified twice before the US Congressional Subcommittee concerning the planning and organization needed to accomplish such a successful use of capital.
Mr. Pruitt also has a distinguished military service record. He served in the US Army Infantry beginning in 1957 and served in National Guard or Reserve Units until 1968. He served as a Military Police Officer at Fort Gordon Georgia during the Berlin crisis.
Morgan Creek Energy Corp. is greatly benefited by Mr. Pruitt's extensive legal, political, financial, and multi-faceted development background for its Oil and Gas Advisory Board.
The Company's Oil and Gas Advisory Board has been created in order to bring a wide range of senior experience and global networks to Morgan Creek and complement the Company's Board of Directors. This multidisciplinary approach is designed to aid in guiding growth and fortifying the Company's business model.
About Morgan Creek Energy Corp.: Morgan Creek Energy Corp. is a natural resource exploration company engaged in the acquisition and development of strategic oil and natural gas properties worldwide. For further information see: http://www.morgancreekenergy.com/
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