Acadia Group, Inc. Announces Management Change.Business/Technology Editors AUBURN, Maine--(BUSINESS WIRE)--Aug. 2, 2000 Acadia Group, Inc. d/b/a Acadia Business Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ANHS ANHS American Natural Hygiene Society ANHS Aliso Niguel High School ANHS Australian Natural History Safari ANHS Association for Nepal and Himalayan Studies ANHS Anchorage Neighborhood Housing Services, Inc ANHS Adult Night High School )--Chairman of the, Board Emile L. Clavet announced today that John W. Holt, Jr., has tendered his resignation as Chief Executive Officer of Acadia Group, Inc.. Mr. Holt has offered to assist the company in its sales and marketing efforts. With the expertise of Mr. Holt, who was responsible for the company's marketing efforts prior to becoming CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , the company will continue its efforts to complete and market its distance e-learning platform through the MedLecture.com site, a business unit of Acadia. The Board of Directors has authorized Mr. Clavet to work jointly with an outside consultant to select a successor CEO who will continue to move the company forward with the initiatives and objectives of the organization. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This press release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding the present intentions and expectations of management of the Corporation. Certain factors beyond the Corporation's control could cause results to differ materially from those in these forwardlooking statements. These risk factors include evolving industry standards, rapid technological changes, government regulations, healthcare reform, market conditions and competition in the market for the Corporation's services, and are more fully described in filings with the Securities and Exchange Commission. |
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