BALTIMORE, Md., Sept. 30, 2014 /PRNewswire/ -- Michael E. Rega, CFA, joined Adams Express (ADX) and Petroleum & Resources (PEO) as Vice President – Research for the Funds on September 2, 2014.

Mr. Rega brings a diverse background and work experience to Adams Express and Petroleum & Resources. He comes to the Funds from the global investment management firm BNP Paribas Investment Partners, in Boston, where he most recently served as senior equity analyst and portfolio manager and worked with Mark Stoeckle, the Funds' Chief Executive Officer, and Jim Haynie,  President of Adams Express and Executive Vice President of Petroleum & Resources. Mr. Rega has held portfolio management positions with a number of asset management firms in Boston over the past 21 years. Earlier in his career, among other positions, he was a computer systems manager with Loral Aerospace at its MIT Lincoln Laboratory and a Special Agent with the Federal Bureau of Investigation. "We are extremely pleased to welcome Mike Rega as a Vice President – Research of the Funds.  I have worked with Mike for many years and he brings a wide array of analytical talents to the Funds. He is very familiar with our investment philosophy, which includes a focus on risk management, and I know he will be an excellent addition to our research analyst team," said Mr. Stoeckle.

Mr. Rega received his undergraduate degree from Holy Cross College in Worcester, MA.  He also received an M.B.A. from Boston College, with a dual concentration in Finance and Computer Science. He is a Chartered Financial Analyst.

The Adams Express Company and Petroleum & Resources Corporation are Baltimore-based closed-end investment companies.  Adams Express is traded on the New York Stock Exchange under the ticker symbol ADX and Petroleum & Resources is traded on the New York Stock Exchange under the ticker symbol PEO.

For further information, please contact

Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretary
410-752-5900 or 800-638-2479

E. Mail: contact@adamsexpress.com
Websites: www.adamsexpress.com
     www.peteres.com