OIL CITY, La., June 1 /PRNewswire-FirstCall/ -- Caddo International, Inc. (Pink Sheets: CADD) announced today the appointment of Mr. David Taylor as the acting President taking the place of Mario Lanza, the update of current filings to become fully listed pinksheet, and the closing of the 183 Acre Property to commence in mid June. Mr. Mario Lanza recently resigned due to personal obligations in the family, however he will still work diligently with Mr. Taylor on a variety of current and future projects for Caddo. Mr. Taylor's professional background includes: accounting, well diverse with heavy equipment, President of an oil & gas company which traded on the Nasdaq over the counter bulletin board, and seasoned veteran both in the public and private sectors. Mr. Taylor has been responsible for heavy equipment. Mr. Taylor went on to state that Pink Sheets should have all the necessary documents to give CADD a clean listing. Furthermore the company has been taking necessary steps on becoming a reporting company in the near term.

Caddo is not only in the business of Oil and Gas; its recent expansion plans include becoming a large commercial contractor including building and repairing public roads and highways. Secondly is to expand their clientele in the oil and gas industry, which also will include working the Green Company selling mulch that comes from the timber being removed from well sites and road construction. That is also the purpose of acquiring the 183 Acre Land Creek Sand & Gravel site worth about $12,187,000.00 located outside Dallas, Texas.

According to the findings in the Lake Creek Sand and Gravel report the total potential yield of the property is 9,750,000 truck tons of concrete aggregate, masonry mortar sand and gravel. This survey is based on 7 sampling wells drilled to depths of 25 to 58 feet. A total of 5 test pits were also dug to obtain better samples of the gravel content. Based on numbers from other sand and gravel operators, we concluded to an estimate overall royalty rate of $1.25 per ton for the subject tract.

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Caddo International is a provider of products and services to the Oil and Gas industry, integrating products and services through exploration, development, production, operation and maintenance in the Louisiana and Texas regions. Caddo has approximately 15 employees and has successfully been in business for over 40 years. Caddo intends to continue to expand its customer base while continuing to increase the depth and scope of the services it provides.

Forward-Looking Statements - Safe Harbor:

Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

SOURCE Caddo International, Inc.