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June 12, 2009 (FinancialWire) -- TX Holdings, Inc. (OTCBB: TXHG | Quote | Chart | News | PowerRating) (Current Market Cap: US$2.36 Mil.) has appointed Richard Novack as the company's new president, and as a director. Novack replaces outgoing president Robert Hutchings, who has left the position to pursue other commitments but will remain a director.
Novack began his career in finance with a telecommunications company, and later started several new business enterprises, including businesses in the printing, vending and real estate industries. In the past 10 years he has been an active investor in the oil and gas industry.
Ashland, Kentucky-based TX Holdings is an oil and gas production company that is acquiring producing and non-producing shallow oil and gas leases in the Abilene area of West Texas.
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Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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