VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 22, 2012) - Westbridge Energy Corporation (TSX VENTURE:WEB)(FRANKFURT:PUQ1) ("Westbridge"or the "Company") is pleased to announce it has hired Profinnotiv AG ("Profinnotiv") to develop a European investor and public relations strategy for the Company. Based in Switzerland, Profinnotiv has extensive relationships with institutional and retail investors and a strong track record working with companies focused on natural resource exploration and development in Africa.
"Engaging Profinnotiv AG represents our management team and board's strategy to develop long term relationships within the European investment community. With extensive experience developing assets in Africa, the Westbridge team understands the importance of working with European investors focused on African resource investments," commented Cody Lee, President and CEO of Westbridge.
Under the terms of the 12 month contract, Profinnotiv AG will be paid CAD $10,400 monthly for services including introductions and relationship management with qualified investors in Zurich, Switzerland, Austria and Germany, roadshow meetings, and translation services.
Westbridge Energy Corporation is an oil and gas exploration and development company with an 80% interest in Block 1811B in the highly prospective Namibian seismic trend. Westbridge is currently reviewing the acquisition of accretive new international oil and gas opportunities.
Readers are invited to review additional corporate and property information at www.westbridgeweb.com and on SEDAR at www.sedar.com.
ON BEHALF OF THE BOARD
Peter Henry, Director
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "schedule", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward looking statements and information concerning the Company s future operations and prospects. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning equipment and crew availability, and joint venture partner financial capability. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Company can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the Company's actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties include, but are not limited to, reservoir performance, labour, equipment and material costs, access to capital markets, interest and currency exchange rates, and political and economic conditions. Additional information on these and other factors is available in continuous disclosure materials filed by the Company with Canadian securities regulators. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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