Alaska Apollo Resources, Inc. announces new management.LEXINGTON, Ky.--(BUSINESS WIRE)--Dec. 1, 1995---Alaska Apollo Resources, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :APLOF) announced today that William S William, crown prince of Germany William or Frederick William, 1882–1951, crown prince of Germany, son of William II. In World War I he commanded (1914) an army on the Western Front and was nominal commander in the German attack . Daugherty has been named Chairman of the Board. Daugherty replaces John Bogert, who resigned as a Director and Chairman of the Board after 14 years of service to the company. The Board of Directors also appointed Timothy F. Guthrie as Secretary-Treasurer and Chief Financial Officer of the company. He has served as Secretary and CFO See Chief Financial Officer. of Daugherty Petroleum, Inc., the company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , since February 1994. "John Bogert provided Alaska Apollo with excellent leadership during his tenure" Daugherty stated. "The reorganization of our management group will streamline company operations and is a reflection of our plans to diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. our asset base. We are committed to generating value from our gold properties and John will be serving on a consulting basis as the need arises," he said. "I am also confident that Tim Guthrie's experience in managing high-growth emerging companies will be extremely valuable to us." Alaska Apollo Resources, Inc., based in Lexington, is a natural resources development company with interest in gold mining, oil and gas exploration and development. CONTACT: Alaska Apollo Resources, Inc., Lexington Timothy F. Guthrie, 606/263-3948 |
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