Spicy Gourmet Manufacturing, Inc. (OTCBB: SGOU) Announces the Departure of Directors, Officers and Appointment of New Officer...
26 Ottobre 2012 - 11:27PM
Marketwired
Spicy Gourmet Manufacturing, Inc. (SPICY) (OTCBB: SGOU) today
announced that on October 23, 2012 the Board accepted the immediate
resignations of:
a. Ali Balaban from his positions of President, CEO, and
Director of the company; b. Mr. Daniel C. Masters from his
positions as Secretary, Treasurer and CFO. Mr. Masters will remain
a Director of the Company; and c. Mr. Dinesh Perera as Director of
the Company.
The company also announced the appointment of Nick Arroyo as
President, Chief Executive Officer and Director. "We look forward
to working with Nick in moving the company forward and welcome him
to the Board," said SPICY's Director Dan Masters.
"I'm very happy to join the Spicy Gourmet Manufacturing, Inc.
team and look forward to developing and implementing a win-win
strategy for our shareholders, future customers and employees,"
said Mr. Arroyo. Nick joins SPICY from WFM Technologies LLC, a
provider of a Software-as-a-Service (SaaS) cloud offering workforce
management solution, where he was the Managing Director. Prior to
WFMT, Mr. Arroyo was the President & CEO of Vault Technologies,
Inc., now Eco Ventures Group, Inc. (EVGI). From 2005 to 2006 Mr.
Arroyo was Vice President of Global Operations for VoIP Inc., a
leading provider of voice over IP services. Throughout his career
Mr. Arroyo has held leadership positions in both Accounting/Finance
and Sales/Marketing.
The Company also announced the appointment of James M. Palladino
as Secretary, Chairman of the Board and Director. Mr. Palladino
brings over 17 years financial services experience, starting his
career as a retail stock broker on Wall Street where he
successfully managed individual as well corporate retail accounts
for clients. Mr. Palladino was also instrumental in raising several
million dollars for various institutional clients for public and
private offerings, while still maintaining his client base. Upon
exiting Wall Street he then established himself in the public
investor relations arena where he successfully designed and
implemented over a dozen digital, print and telephone marketing
campaigns, as well as assisted In bringing approximately half of
them public, creating shareholder value as well as investor
enthusiasm. Over the last 2 years Mr. Palladino has invested in
several companies both in the public and private sectors. Mr.
Palladino received his technical training and an electronics degree
from what is now known as DeVry University in New Jersey.
About Spicy Gourmet Manufacturing, Inc.
Spicy Gourmet Manufacturing, Inc., was organized under the laws of
the State of Delaware on December 30, 2010. The Company was
established as part of the Chapter 11 reorganization of Spicy
Gourmet Organics, Inc. ("SGO"). Under SGO's Plan of Reorganization,
as confirmed by the U.S. Bankruptcy Court for the Central District
of California, the Company was incorporated to: (1) receive and own
any interest which SGO had in the manufacturing of spice mills and
similar products; and (2) issue shares of its common stock to SGO's
general unsecured creditors, to its administrative creditors, and
to its shareholder. The Company has been in the development stage
since its formation and has not yet realized any revenues from its
planned operations.
If you would like additional information on Spicy Gourmet
Manufacturing, Inc., please contact us at: 4731 W. Atlantic Ave.,
Suite 7 Delray Beach, FL 33445 Tel: (561) 265-5657 Fax: (561)
685-5208
Safe Harbor Statement This release
contains forward-looking statements, which are made pursuant to the
safe harbor provisions of the U.S. Private Securities Litigation
Reform Act of 1995. Forward-looking statements are commonly
identified by words such as "would," "may," "will," "expects," and
other terms with similar meaning. Forward-looking statements are
based on current beliefs, assumptions and expectations and speak
only as of the date of this release and involve risks and
uncertainties that could cause actual results to differ materially
from current expectations. We assume no obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events or any other reason.
Spicy Gourmet Manufacturing, Inc. 4731 W. Atlantic Ave., Suite 7
Delray Beach, FL 33445 Tel: (561) 265-5657 Fax: (561) 685-5208
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