RedHawk Energy Names Milton L. Scott Chairman Of The Board

February 10, 2010 @11:21am

LAFAYETTE, LOUISIANA - FEBRUARY 10, 2010 - RedHawk Energy Corporation announced today that Milton L. Scott joined its Board of Directors as its Non-Executive Chairman of the Board effective February 8, 2010.

Mr. Scott is the founding majority shareholder, Chairman and Chief Executive Officer of The Tagos Group ("Tagos"), a leading provider of professional services, integrated supply and sustainability support to Fortune 1000 companies.

Mr. Scott has distinguished himself as a leader and visionary in finance and accounting, entrepreneurship and corporate governance, in both public and private sectors. Through his various roles, he has successfully lead and integrated acquisitions and managed most aspects of complex financings.

In 2003, he co-founded and became managing director and Chief Financial Officer of Complete Energy Holdings, LLC ("CEH"), an investment company formed to acquire, own and operate power generation assets in the United States. During his tenure with CEH, he co-lead the $330 million acquisition of the 837-megawatt Batesville Generating Facility in Batesville, Mississippi. In August 2005, he co-lead the $580 million acquisition of the 1,022-megawatt La Paloma Generating Facility near Bakersfield, California. The La Paloma acquisition was hailed by Project Finance International as "the power deal of the year."

Between 1999 and 2002, Mr. Scott served as Executive Vice President and Chief Administrative Officer at Dynegy Inc. In this role, he was responsible for risk management over trading operations, strategic planning and budgeting, compliance and internal audit, supply chain human resources, global facilities management, insurance, corporate security and corporate governance.

Prior to joining Dynegy, Mr. Scott spent 21 years with the Houston, Texas office of Arthur Andersen LLP. He was a partner with the Audit and Assurance practice working primarily with clients in the manufacturing and energy industries, including exploration and development, offshore drilling and oilfield service companies. During his last three years with Arthur Andersen, he served as Partner-in-Charge of the Southwest Region Technology and Communication practice.

Mr. Scott is involved in various civic and community organizations. He currently serves as a member of the Board of Trustees of the Greater Houston Partnership and the Board of Visitors of the M. D. Anderson Cancer Center.

He currently serves as a board member of Sterling Construction Company, Inc., a NASDAQ listed heavy-civil construction company that specializes in the building and reconstruction of transportation and water infrastructure in large and growing markets; and, The CapStreet Group, a prominent private equity firm investing in middle market companies.

Prior to the 2008 sale to Smith International, Inc., he served as a member of the Board of Directors of W-H Energy Services, Inc., a New York Stock Exchange listed oilfield service company. He was elected lead director in 2003, chaired the Audit Committee and served on the Corporate Governance, Nominating and Compensation Committees. 

Mr. Scott, a Louisiana native, received his Bachelor of Science in Accounting from Southern University in Baton Rouge.

 # # #

RedHawk Energy Corporation is focused on investments in and the consolidation, through acquisition, of domestic oil and gas equipment manufacturing, leasing and service companies. RedHawk's common stock is registered with the Securities and Exchange Commission but the Company does not expect to list and commence trading its common stock until mid-2010.This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which involve known and unknown risks, uncertainties and other factors. The accuracy of the forward-looking statements depends on assumptions about events that change over time and may be susceptible to periodic change based on actual experience and new developments. Actual events, circumstances, effects and results may differ materially from the results, performance or achievements expressed or implied by the forward-looking statements. Consequently, the forward-looking statements contained herein should not be regarded as representations by RedHawk or any other person that the projected outcomes can or will be achieved. RedHawk cautions readers that it assumes no obligation to update the forward-looking statements in this press release.