Oxford, MS 3/30/2011 (Penny PayDay) -- UnionTown Energy Inc. (OTC:UTOG) today announced, in a press release, the appointment of Al Radford to the Company's Board of Directors. As I write, shares of UnionTown were up 7 percent at $1.66 per share on volume of nearly 250,000 shares compared to its average daily volume of 592,000 shares. The company has a market cap of $357 million and a 52-week range between $0.38 and $2.60 per share."Based on his extensive public company and oil industry experience, Mr. Radford will provide UnionTown Energy with strong operational management skills, business planning, reporting and corporate governance oversight," stated President and CEO of UnionTown Energy Darren Stevenson. "We welcome his future contributions to our growing business, including receiving his input on key company decisions as we move forward with our business growth plan and property acquisition strategy."
UnionTown Energy Inc. is focused on the acquisition, exploration, development and production of oil and natural gas properties. The Company is pursuing a strategy of building a portfolio of energy producing assets in known and producing regional oil fields throughout North America.
For more information, please visit www.uniontownenergy.com.
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