PLANO, TX, May 31, 2012 /CNW/ - Baby All Corp. (OTCBB: BABA) is pleased to announce the appointment of Bruce Hall as Chief Executive Officer and Chief Financial Officer.
Mr. Hall takes the helm at Baby All during a time of heightened demand after its recently announced acquisition of Santa Fe Operating, Inc., an oil and gas exploration and production company.
Mr. Hall is a senior financial executive with significant experience in the energy, real estate, private equity, construction, and manufacturing industries. From May 2003 to present, Mr. Hall has been the principal of his own CFO consulting and advisory firm assisting both large and small public and private companies with complete services, including, all areas of accounting and financial operations, interim CFO and COO, mergers and acquisitions, recapitalizations, crisis management, cash flow management, banking and capital, taxation and regulatory (including extensive SEC reporting), and compliance. Since July 2008, Mr. Hall has been the chief financial officer and a director of Triland International, Inc., a privately held Canadian real estate group conducting residential and commercial real estate development and construction. Since July 2008, Mr. Hall has also been the chief financial officer and a director of Chipman Development Corporation and Canadian Cottage Corporation, both affiliates of Triland. Since March 2006, Mr. Hall has been the chief financial officer and a director of Nortia Capital Partners, Inc., a publicly traded merchant banking firm. From March 2006 to April 2009, Mr. Hall was the chief financial officer and a director of Knight Energy Corp., a publicly traded oil and gas exploration and production company. Mr. Hall began his career in public accounting with Ernst & Young LLP, and is a licensed Certified Public Accountant in the State of Texas and a licensed Certified Management Accountant with the Institute of Management Accountants. He graduated with a Bachelor of Business Administration degree from the University of Texas at Austin in 1983.B.S.
Mr. Hall stated that "today is our first step in a direction to begin implementation of a well rounded and seasoned management team who will ultimately be responsible for executing on a plan which is now ready for the development of significant oil production and growth. We have already initialized the recruitment process of experienced executives to come on board as members of the management team and the Board of Directors.
Mr. Hall further stated "We see 2012 as a year when we plan to capitalize on several prior years of planning and opportunities that exist within the current market. Timing is everything, and we are positioned to leverage our existing oil and gas properties and become a leader in this space."
About Baby All Corp.
Baby All Corp. is an exploration-stage company engaged in acquisition, exploration, and development of oil and gas properties. With a focus on finding and producing oil in the prolific Fort Worth Basin of north Texas and led by an experienced industry team, Baby All is implementing an aggressive lease acquisition and drilling plan giving priority to projects with near-term cash flow potential. Effective May 18, 2012, Baby All Corp. changed its corporate name to Santa Fe Petroleum, Inc. The change in name reflects the business strategy of acquisition, exploration, and development of oil and gas properties. The Company is commencing the process with FINRA for the change in corporate name and trading symbol.
This news release does not constitute an offer to sell or a solicitation of an offer to buy securities. The offer and sale of the Warrants and any other securities has not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws, and the Warrants and any other securities may not be reoffered or resold in any jurisdiction in which such offer or sale would contravene applicable securities laws.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on current management's expectations. These statements may be identified by their use of words like "plans," "expect," "aim," "believe," "projects," "anticipate," "intend," "estimate," "will," "should," "could," and other expressions that indicate future events and trends. All statements that address expectations or projections about the future, including statements about our business strategy, expenditures, and financial results are forward-looking statements. Actual results could differ materially from those in the forward-looking statements due to a number of uncertainties including, but not limited to, those discussed in this section. Factors that could cause future results to differ from these expectations include general economic conditions, further changes in our business direction or strategy; competitive factors, oil and gas exploration uncertainties, and an inability to attract, develop, or retain technical, consulting, managerial, agents, or independent contractors. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives requires the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurance can be given that any of the assumptions relating to the forward-looking statements are accurate, and management assumes no obligation to update any such forward-looking statements.
For further information:
Baby All Corp
4011 West Plano Parkway, Suite 126
Plano, Texas 75093