Coldwall Appoints New President.BELLEVUE, Wash. -- Bellevue, Washington-based Coldwall, Inc. (Pink Sheets:CDWL) announces that it has appointed Kenneth E. Kelley as the new President and 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. and in conjunction Mr. Kelley was also appointed to the Board of Directors of Coldwall. Mr. Kelley has an engineering degree from the University of Kansas The University of Kansas (often referred to as KU or just Kansas) is an institution of higher learning in Lawrence, Kansas. The main campus resides atop Mount Oread. and has an extensive background in manufacturing. He was Vice President of Engineering for the Heath Techna Aerospace Co., designing and manufacturing some of the first all-composite components for passenger airliners such as overhead bins and lavatories as well as wing-to-body fairings. He was the founder of Kelley Morrow Enterprises specializing in the design and manufacture of interior components. The Company also announces that the employment of former President and CEO, Robert Dale Lieutenant Robert Dale (1812–20 July 18531) was the first European explorer to cross the Darling Range in Western Australia. Robert Dale was born in England in October 1812. has been terminated. The Company alleges that it was compelled to discharge Mr. Dale as a result of numerous acts of improper conduct on the part of Mr. Dale. Some of the company's allegations against Mr. Dale are: 1. Misdirection MISDIRECTION, practice. An error made by a judge in charging the jury in a special case. 2. Such misdirection is either in relation to matters of law or matters of fact. 3.-1. of Company funds into non-Company bank accounts including his own personal account. 2. Failure to provide the Company's auditors with documentation necessary to complete the review of the Company's books. 3. Attempted manipulation of the Company's stock price. 4. Providing insider information concerning Company developments to a select group of shareholders. 5. Filing and publicizing a frivolous lawsuit against the sole director of the Company, Brent Nelson, which he was compelled to withdraw. 6. Failing to inform the Company's director of developments regarding the Company. About Coldwall, Inc. Coldwall, Inc. is the developer and owner of the US and China Patents for Coldwall(TM) technology which it employs in its ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. refrigerated re·frig·er·ate tr.v. re·frig·er·at·ed, re·frig·er·at·ing, re·frig·er·ates 1. To cool or chill (a substance). 2. To preserve (food) by chilling. intermodal shipping containers. Coldwall's corporate headquarters are in Bellevue, Washington Bellevue is a rapidly growing city in King County, Washington, U.S., across Lake Washington from Seattle. Long known as a suburb or satellite city of Seattle,[1] it is now categorized as an edge city or a boomburb. , with an engineering and testing facility located in Richmond, BC, Canada. For more information contact: Roger Kelly, rkelly@coldwall.net, or call 604-244-7756. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the 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. created by those rules. All statements other than statements of fact, included in this release, are forward-looking statements that involve risks and uncertainties. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion