Liberty Diversified Holdings, Inc. Introduces New Ownership, New Board of Directors and New Officers.
Mr. Steve Nickolas, the current CEO and President of XND, has been appointed President, CEO and Chairman of the Board of the Company, and additional new Board Members will be announced as they are appointed. Mr. Nickolas is a 30-year veteran of the beverage and bottled water industry who has worked as a beverage consultant and in a variety of management positions, including assignments at Anheuser-Busch, Nestle, Whitlock Packaging, Procter & Gamble and Suntory. Mr. Nickolas opened the first bottled water company in Hawaii in 1980 and by 1990 had developed water companies around the world including Micronesia, Indonesia, the Philippines, Israel, Germany and several in the U.S. He later founded Apani Bottled Water Co., a new bottled water concept using small packaging PET bottles, which he grew to over $35 million in annual sales. He is also the Founder and President/CEO of XND Technologies, Inc. Mr. Nickolas has a B.S. degree in Political Science and Economics from the Claremont Colleges and has completed postgraduate work at Claremont Graduate School and Cal Poly Pomona in Government and Psychology.
Mr. Ron Touchard, Liberty's outgoing Chairman and CEO, has resigned from his positions as officer and director of the Company but will remain with the Company as its Vice-President of Public Relations. Dr. Michael Brown has resigned from his positions as President and Member of the Board of Directors and will remain with the Company as its Vice-President of Communications. Liberty has also applied with NASD for a new name and trading symbol, which it expects to receive and announce very shortly.
In response to these announcements, new CEO/President Mr. Nickolas commented, "We are excited about both our new corporate structure and our new corporate direction. As a result of these changes, we have put into place an operational management team that thoroughly understands our core business while still retaining the Company's founders and their knowledge and experience in working with public markets. We believe that these changes in leadership and structure provide the Company with the experience and expertise we need to successfully compete in the highly lucrative premium beverage industry, while simultaneously giving us access to many additional funding options that the Company can use to fuel its growth. We are moving very quickly to establish ourselves as a major player in the premium bottled water and beverage industries and expect to be making more major announcements very soon."
Outgoing CEO Ron Touchard added, "This is a very exciting day for the shareholders of Liberty Diversified Holdings, Inc. Our recent asset acquisition of XND Technologies provides us with a perfect trifecta -- the immediate entry into a highly lucrative industry, a product line and manufacturing process that are unique, timely, and superior to any others currently in the marketplace, and a seasoned professional management team that is well equipped to lead our Company into the future."
ABOUT LIBERTY DIVERSIFIED HOLDINGS, INC.
Liberty Diversified Holdings, Inc. (LDHG.PK) recently acquired the 100% of the assets of XND Technologies, Inc. (XND), an Arizona corporation, including all of its proprietary formulations, patents and trade marks, and its existing production and distribution systems. XND has been working to produce and distribute a line of nutrient-enhanced bottled water products that contain no calories, no carbohydrates, no colors and most importantly, no flavors other than pure water, and does this using a patented process that is more efficient and less costly than others currently in use. This concept is unique because no other producer adds organic nutrients without also adding masking flavors, colors or sweeteners. Liberty has applied for a name change to reflect its new direction in the bottled water business and will be announcing its new name and symbol shortly. The Company has redirected its entire efforts to the premium bottled water industry and intends to market a full line of nutrient-enhanced water products to compete with currently available products such as VitaminWater and SmartWater. Initial products are expected to include those enhanced to provide vitamin support for general health, a diet formulation for weight watchers, an immune booster, an energy and fitness drink, and others. Liberty is also in the final stages of negotiations for the acquisition of assets for a second water company, and a further announcement regarding that transaction is expected very soon.
For more information call (949) 376-4846 or visit http://www.libertydiversifiedholdings.com/ (a new website reflecting the company's new name will be released shortly).
Caution Regarding Forward-Looking Statements: This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results which are not yet available. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, the integration of acquisitions, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward- looking statements whether as a result of new information, future events or otherwise.
Ron Touchard, CEO Liberty Diversified Holdings, Inc., +1-949-376-4846 firstname.lastname@example.org
CONTACT: Ron Touchard, CEO of Liberty Diversified Holdings, Inc., +1-949-376-4846, email@example.com
Web site: http://www.libertydiversifiedholdings.com/
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|Date:||Jan 14, 2008|
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