MCW Energy Group Ltd. (TSXV: MCW) appointed Karlo Vartan as chief financial officer.

Vartan will replace Richard S. Rawdin who has resigned to focus on other opportunities. He will take over the position serving both divisions of MCW, MCW Fuels and MCW Oil Sands Recovery LLC.

Vartan has over 15 years of business experience in corporate finance and securities law and has focused much of his career on emerging growth companies, mergers and acquisition, strategic business planning and alliances, and investor relations. His background includes business strategy consulting, public company representation, mortgage back securities, mergers and acquisitions with high tech firms in Los Angeles and New York.

Additionally, MCW has acquired through its wholly owned subsidiary, MCW Fuels Inc., a Valero branded gas station in Thousand Oaks, Calif. The acquisition included the real property the gas station is located on, owned by a private California corporation owned and controlled by Alex Blyumkin and David Sutton, both directors of MCW, to settle an aggregate debt of some US $1 million owed by Blyumkin and Sutton to MCW Fuels.

The gas station was independently valued at US $2.7 million not including US $122,654 of inventory, accordingly, MCW Fuels has become a co-borrower on a loan of some US $1.7 million which is secured against the gas station and MCW and MCW Fuels have issued a promissory note in favour of the vendors for US $126,797.

MCW Energy Group Ltd is an oil and gas company focused on gasoline and diesel fuel distribution to service stations in southern California and oil sands extraction in Utah. The company is based in Toronto and has an office in Glendale, Calif.