HINSDALE, Ill., May 31, 2007 (PRIME NEWSWIRE) -- Voyager Petroleum, Inc. (OTCBB:VYGO) announces the hiring of Mr. Richard Stiefel for the position of Vice President of its recently formed subsidiary, Sovereign Oil, Inc. Mr. Stiefel has over 50 years of experience in the petroleum industry. Mr. Stiefel, with the help of his father, built Sovereign Oil Company, Inc. during the 1960's and 1970's into the largest independent compounder, blender, and packager of lubricant's and oils in the United States which was non-affiliated with any major oil company. Before being sold in 1978, it packaged in excess of 350 million quarts of oil to such companies as Valvoline, Amoco, Exxon, Montgomery Wards-a division of Mobil, Kmart, and Safeway. Stiefel stated: "I am pleased to re-establish the Sovereign brands and look forward to helping Voyager Petroleum achieve its goals."
Sebastien Dufort, President of Voyager Petroleum, commenting about this new addition to his senior management team said, "This is an important year for Voyager Petroleum as we develop a new structure and add new management to our companies. Mr. Stiefel's appointment came at the right time for Sovereign as we further develop and expand the company, its products and technologies."
About Voyager Petroleum
Voyager Petroleum seeks to acquire reputable middle market petroleum based lubricant companies that refine, blend, bottle, and distribute to the automotive and manufacturing after market with established regional distribution channels and experienced management that would recognize increased revenue and significant cost savings from an injection of working capital, wider distribution, or vertical integration.
Forward-Looking Statements
This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results.