WEATHERFORD, Texas and NETANYA, Israel, Sept. 4 /PRNewswire-FirstCall/ -- Ness Energy International, Inc. (BULLETIN BOARD: NESS) announced today that CEO and President, Sha Stephens, has resigned and has appointed Anthony Allenby as the new CEO.
Effective immediately Anthony Allenby is the new CEO, President, and Chairman of the Board for Ness Energy International, Inc. Former CEO Sha Stephens, as Chairman of the Board, appointed Mr. Allenby to these positions as his last act before resigning himself from those posts. Mr. Stephens remarked, "I have the utmost confidence in Mr. Allenby and his ability to carry The Vision into the future and I believe I am leaving Ness shareholders in very capable hands. I wish to thank the shareholders for their support during my time at Ness and pledge my continued support in whatever capacity is appropriate."
Ness Energy's newly appointed CEO, Anthony Allenby, is an international investor and business consultant previously based in England who has followed Ness Energy for several years and is a staunch believer in The Vision. Mr. Allenby comments, "I am honored and delighted to have been given the opportunity to serve as the leader of an organization with such a significant and monumental calling -- the discovery of the largest oil field on earth in Israel. There is much work to be done and I have many plans for the company. Over the next several weeks I will begin outlining specific steps of my plan of recovery and of pushing forward with The Vision. I appreciate the past, and continued, support of Ness Energy shareholders and look forward to renewed efforts and future success."
Farewell and Introduction letters from both Mr. Stephens and Mr. Allenby can be viewed at http://www.nessenergy.com/.
Additional Information
CEO Allenby has already implemented several improvements that should provide substantially greater information sharing with Ness shareholders, and other supporters of the company. Among these changes are a CEO Blog and an open discussion forum, both of which can be accessed via our website at http://www.nessenergy.com/. In addition, beginning on September 10, 2007, those without Internet access will be able to call the primary number for Ness headquarters at 817-341-1477 and receive much of this information in a recorded voice format. Mr. Allenby comments: "I believe it is vital that our shareholders and supporters be kept informed of our plans and activities. They invested in our company and vision and deserve to be kept informed of both our successes and failures. I will do my best to ensure this happens. Please understand that Ness is currently operating with minimal administrative staffing. The result is that we will not be able to respond individually to every phone call or email that is sent. The intent of these new communications methods is to afford us an opportunity to see comments and questions in an open manner, and respond to them in a similarly open manner. The net effect of this openness should be that most Ness supporters can receive answers to their questions, possibly even before asking them."
About Ness - The Vision
Ness Energy is involved with oil and gas interests in North America. Ness is also an active player in the energy industry in Israel, carrying out The Vision of The Company. 'The Vision': that Israel, in particular the Dead Sea region, is a place where "Science and The Bible shake hands" and that Ness will achieve realization of The Vision through the location and recovery of an abundant supernatural source of oil and gas in Israel for The Nation of Israel.
Forward-Looking Statements
This news release includes forward-looking statements. Actual results could differ materially from those contemplated by such forward-looking statements as a result of any number of factors and uncertainties, many of which are beyond the control of the company. Important factors that could cause actual results to differ materially from those in such forward-looking statements are enumerated in the company's registration statement filed with the Securities and Exchange Commission. Undue reliance should not be placed upon any forward-looking statements, and the company undertakes no obligation to update those statements.
Visit us on the web at http://www.nessenergy.com/
CONTACT: Ness Energy International, Inc. Investor Relations, +1-817-341-1477 or pr@nessenergy.com
Web site: http://www.nessenergy.com/

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