Former EVP Returns to Energy King Management Team
(firmenpresse) - MISSION VIEJO, CA -- (Marketwire) -- 09/28/11 -- Energy King, Inc. (PINKSHEETS: ENKG) is pleased to announce that Larry Weinstein, the former EVP and current member of the Board of Directors, is returning as the Chief Operations Officer (COO).
Incoming Energy King, Inc. COO Larry Weinstein stated, "This is a great opportunity to re-join Energy King, Inc. with a business that is poised to expand very rapidly and in an industry that is moving in the right direction. I intend to apply the knowledge that I have gained from my past experiences growing businesses, to achieve yet another success with Energy King, Inc."
Mr. Weinstein served as our Executive Vice President over Investor Relations from May 2005 to July 2011. He launched and developed the business strategy and organizational structure of Buckeye Ventures, Inc. From 2000 to 2005, Mr. Weinstein was an independent contractor providing consulting and fund raising services. From 1999 through 2000, Mr. Weinstein was Vice President of Strategic Projects for Cybergold, Inc., a high technology public company in Oakland, California. He was a senior executive involved in its successful Initial Public Offering. He was instrumental in securing investment capital for Buckeye Ventures, Inc. and raised millions of dollars for other small technology companies as well as handling their Investor Relations campaigns.
Michael Cummings, Chairman and Chief Executive Officer, commented on the appointment of Mr. Weinstein, saying, "We are very pleased to welcome Larry to our Management Team and view his appointment as being very positive for our company as well as our shareholders. Larry's desire to participate in enhancing shareholder value combined with his successful experience in business makes him especially well suited to join our Team."
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About Energy King, Inc.
Energy King, Inc. plans on growing its new business by acquiring interest in companies in mobile media, with talented executive management teams, smart mobile media products and services and having a business model that generates revenues and is profitable. Our philosophy is that through a strong management team a strong company can be built, whether the acquired businesses are start-ups, in the later development stages, fully-operating entities with positive cash flow or distressed companies in need of our management's expertise to achieve turn around.
Energy King, Inc. will offer these subsidiaries financial assistance, critical strategic support and management support from an experienced team, to support and grow them. Our shareholders will be updated on a quarterly and annual basis via newsletters, teleconferencing and press releases whenever material events occur.
FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the Mobile Media Marketing industry; the positioning of Energy King in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether Energy King can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.
Investor Contact Information:
Michael Cummings
Chairman, CEO and President
Telephone: 888-503-1759
Email:
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Datum: 28.09.2011 - 12:00 Uhr
Sprache: Deutsch
News-ID 70457
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MISSION VIEJO, CA
Kategorie:
Advertising, PR and Marketing
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