P RO FI L E D C OMPA NIES
For Matmown Inc., the Future is Now Matmown, Inc. and its forward looking founder and Chairman, Alex Portelli, has made a decision to move the Company into what should be a bright future as the company has announced the appointment of a highly recognized and respected new CEO. Matmown management announced recently that William A. Sawyer, former co-founder and CEO of Lucas Energy, Inc. will take the reins as new CEO of Matmown, Inc. Mr. Sawyer brings his years of experience and expertise in the area of oil and gas and in the area of public company management to Matmown.
In a February 21, 2013 press release: Matmown announced the appointment of Mr. William A. Sawyer as its President and Chief Executive Officer effective on February 19, 2013. Mr. Sawyer brings over 30 years of diverse experience in the energy industry with such firms as, ARCO, Houston Oil & Minerals, and The Superior Oil Company. He is the former President, CEO and co-founder of Lucus Energy Inc. Mr. Sawyer has a Bachelor of Science in Chemical Engineering from Louisiana State University in 1970 and his Masters of Business Administration from Southern Methodist University in 1976. For a complete copy of the press release in its entirety visit www.matmown.com
Why did Matmown choose William Sawyer? “Mr. Sawyer represents the right CEO at the right time for Matmown and provides the company a CEO with a proven track record of success. Mr. Sawyer is a petroleum engineer with more than 35 years of oil and gas experience. His expertise in the area of micro-cap public companies and his broad experience with oil and gas operations is a perfect match for the position of CEO for Matmown,” According to Alex Portelli.
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Mr. Sawyer worked at ARCO and The Superior Oil Company in the field and has consulted for petroleum giant, Shell Oil Company, on various field projects. Mr. Sawyer knows oil field operations, knows older wells, and knows where to look for potential new reserves. To that point, Sawyer directed Lucas Energy, Inc. in 2006, towards the Austin Chalk properties in Gonzales County, Texas, which eventually led to Lucas Energy controlling more than 15,000 acres of potentially oil rich Eagle Ford properties in that and adjacent counties southeast of San Antonio, Texas. In January 2009, when Mr. Sawyer took over as President and CEO of Lucas Energy, Inc. when the Lucas had only 500 shareholders, average daily trading volume of less than 20,000 shares per day, approximately 8 million shares outstanding, and an estimated 2 million shares in the float. The market cap was around $3.5 million, and the market price range was about $0.40 a share (about 25% of book value). During his tenure as CEO, Lucas Energy’s stock price reached above $5.00 per share, and during his administration and through his leadership led the company to greater than $50 million in market capitalization. In addition, the number of shareholders increased to
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