×

Dr. Alexandre Agaian Joins Shelron Group Advisory Board

NEW YORK, Oct. 23, 2012 (GLOBE NEWSWIRE) -- Shelron Group , Inc. (OTC:SRNG) or (the "Company), is pleased to announce that Dr. Alexandre Agaian, President and Chairman of Terra Energy and Resource Technologies, Inc. ("Terra"), has agreed to join the advisory board of The Shelron Group.

Dr. Agaian is a published scientific researcher, serial entrepreneur, and accomplished company builder. Since 2003, he has concentrated his energies on natural resource exploration, finance and development. He has structured, raised and deployed more than US$100 million over this time for projects related to oil and gas, as well as gold mining.

Along with the board and executive management team of Terra, Dr. Agaian currently oversees all aspects of Terra's various business interests including exploration services for oil and mining companies, proprietary resource acquisition and development, as well as technology research, development and acquisition.

Given his long history of starting and building companies, Dr. Agaian devotes considerable time scouting, evaluating and modelling potential prospects for Terra's acquisition and development. Since July, 2008, he has served as Terra's President, Principal Financial Officer and also as a board member, becoming Chairman in April 2009. He co-founded, in May 2007, Helios Petroleum Holding, AG, a Swiss company developing and operating mini-refineries in Russia, and serves as its President and as a member of its Board of Directors. From 2005 to 2007, Dr. Agaian, through his private consulting company, Balance Capital, LLC, participated in structuring several oil and gold projects in Kazakhstan and Ukraine. From May 2003 to July 2005, Dr. Agaian served as President and Chief Executive Officer of BMB Munai, Inc., a publicly traded oil and gas exploration and production company which reached revenues of US$100 million while Dr. Agaian was at the helm. He was one of the founders and a board member of BMB Munai. During the 1980's and 1990's, Dr. Agaian founded, co-founded and held senior level positions in a variety of Eastern-Block companies, giving him a broad range of experience.

It is expected that Dr. Agaian's knowhow will assist the Company in developing its prospects and investment portfolio in Chile and elsewhere in South America and the US.

Shelron recently signed an agreement to acquire 4,450 acres for gold exploration in Chile, with estimated resources of 740,000 oz of gold, having a market value in excess of $1 Billion.

As noted in a prior release, the Company entered into an Agreement of Unilateral Option for the Purchase of Mining Concessions pursuant to which Serena acquired the right to explore certain specified gold mining properties in the country of Chile.

About Shelron Group

Shelron Group, Inc. (OTC:SRNG) is a New York based mineral exploration and development company focused on acquisition, exploration, evaluation, and development of mineral resource properties in Africa and South America. The Company incorporated in Delaware and is headquartered in New York.

Additional information is available at http://www.Shelron-Group.com.

Safe Harbor Statement

There can be no assurance that a definitive agreement with any party will be executed on acceptable terms or at all. Additionally, even assuming acceptable terms are reached, there can be no assurance that the required conditions of such transactions would be met.

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives and other forward looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. A number of factors could cause our actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in our filings with the Securities and Exchange Commission (available at http://www.sec.gov). Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein. We assume no obligation to update any forward-looking statements.

CONTACT: Investor Relations: Ryan Troup Circadian Group Phone: 519-800-0927 Email: Ryan@Circadian-Group.com Web: www.Circadian-Group.com Facebook: www.facebook.com/CircadianGroup Twitter: www.twitter.com/Circadian_GroupSource:ShelronGroup, Inc.