Verdisys, Inc. Announces Search for New President and CEO Houston, Tex./December 11, 2003/Satnews/ Verdisys, Inc. (BULLETIN BOARD: VDYS.OB) a provider of patented lateral drilling oil services and satellite solutions for energy production enhancement today announced a search for a new President and CEO. While the search process is ongoing, Dr. Ron Robinson will act as interim President and Chief Executive Officer of the Company. Dr. Robinson joined the Company as Chairman of the Board in January 2002, and has been active in technology assessment and mergers and acquisitions for the Company. Dan Williams, former President and Chief Executive Officer, will be continuing with the Company in a non-executive position. "Verdisys is at a critical stage of development and needs the right leadership, vision and direction to realize the opportunities from its technologies, and significantly expand its business" said Dr. Robinson. "In the interim, I will be fulfilling this role on a full-time basis until we have selected and hired my replacement." Before joining Verdisys, Dr. Robinson served as president of Texaco Technology Division. Texaco merged with Chevron in 2001 and the new company, ChevronTexaco, is one of the largest petroleum companies in the world. Former head of the Petroleum Engineering Department at Texas A&M University, he spent years in reservoir engineering and thermal recovery for Getty Oil. Dr. Robinson has a Ph.D. in Petroleum Engineering from Texas A&M University, an M.S. in Physics from Baylor University and a B.S. in Physics and Mathematics from the University of Southern Colorado.
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