PORTLAND, OR, Mar 14 (MARKET WIRE) --
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
developingnon-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.
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: Email Contact
Investor Relations in Canada
CHF Investor Relations
Cathy Hume
CEO
Phone: 416-868-1079 ext. 231
Email: Email Contact
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