Bourque Industries, Inc. Announces Restructure And Expansion Of Its
Board Of Directors And Selection Of A New Interim Chief Executive
Officer
TUCSON, Ariz., Feb. 7, 2013 /PRNewswire/ -- Bourque Industries,
Inc. (OTC: BORK), a development stage company in the process of
commercializing its patented Kryron metal-alloying process using
nanotechnology to fundamentally alter common metals at the
molecular level to create ultra-high performing super alloys,
announced this morning a restructuring and expansion of its Board
of Directors and appointment of a new interim Chief Executive
Officer.
The Board of Directors was expanded from three to five seats,
and an invitation to join the Board was extended to Matt Schissler and to Brent Willis. Mr. Schissler has
already accepted the invitation, and the Board believes it likely
that Mr. Willis will also accept. Sean
Floyd was elevated to Chief Executive Officer, and
John Bourque, the Founder of the
Company and the inventor of its technology, was reposition as Chief
Scientist.
Matthew L. Schissler
was the founder and served as Chairman of the Board and Chief
Executive Officer of Cord Blood American, Inc., a company
specializing in the harvesting and storage of Stem Cells in the US
and abroad, from 2003 through the middle of 2012. In this
capacity he was responsible for a series of public and private
offering which raised substantial amounts of capital for Cord Blood
America and its business.
From April 2001 until January 2003, Mr. Schissler was the President and
Chief Executive Officer of Rain, an advertising agency which he
founded. From 1994 through March
2001, Mr. Schissler held various management sales positions
at TMP Worldwide, Inc., a personnel staffing company.
Brent Willis is a
decorated former Military Officer and successful business
leader. From 2010 to 2012 he served as the Chief Executive
Officer and Chairman of the Board of Liberty Ammunition, a private
later-stage start-up company which has developed and is
commercializing its product portfolio and technologies.
Liberty is in possession of world-leading, high-performance,
lead-free rifle and handgun ammunition that is industry disruptive
and transformative in capabilities for US soldiers and their
closest allies. Liberty under Mr. Willis' helm
was awarded a patent on firearm projectile technologies and
filed for five additional patents for further embodiments on its
initial patent for both rifle and handgun ammunition.
From 2006 to 2008 Mr. Willis served as CEO for Cott Corporation,
a Company in the business of beverage manufacturing and
sales. Mr. Willis' duties included leadership of this roughly
$2Billion enterprise, management of
more than 20 manufacturing plants, and leadership of more than
10,000 people.
From 2002 to 2006 Mr. Willis served as Chief Commercial Officer
and President for InBev, a company in the business of beverage
manufacturing and sales. Mr. Willis' duties included
leadership of top-line growth for this more than $20 Billion enterprise, management of more than
20 manufacturing plants and a sales and marketing budget of more
than €3.3 billion and leadership of more than 20,000
people.
From 1996 to 2001 Mr. Willis served as President North Latin
America for The Coca-Cola Company, a company in the business of
beverage manufacturing and sales. Mr. Willis' duties included
leadership of this roughly $2Billion
enterprise, management of more than 40 manufacturing plants and
leadership of more than 20,000 people.
Mr. Willis began his career as a Second Lieutenant in
the United States Army in 1982. He
served in various combat arms leadership capacities around the
world including assignments in the 1st Cavalry Division and the
Pentagon. He worked on the Strategic Defense Initiative (Star
Wars) and numerous other compartmentalized (black ops) programs
including the Army Robotics Initiatives and Unmanned Aerial Vehicle
initiatives. He authored the Counter-Air Concept to change
the role of Air Defense which was later adopted as doctrine.
He received numerous decorations, including two Meritorious Service
Medals, two Army Commendation Medals, the Army Achievement Medal,
and the Airborne Parachutist badge during his military career; he
was honorably discharged with the rank of Captain.
He received his BS. Degree in Engineering from the US Military Academy at West Point and an MBA Degree
from the University of Chicago.
Sean Floyd has been
elected Interim Chief Executive Officer of the Company.
Mr. Floyd has been serving as Executive Vice President
for Bourque Industries, Inc. since January of last year. From
January 2003 to 2012 he founded and
operated 5th Avenue Media/Marketing/Photography a
company specializing in photography, props for magazine publishing
companies, newspaper advertisements, celebrity portfolios/
weddings, Web Design and E Commerce, for clients such as Porsche,
Nissan, Rooms to Go, PGA Golf, Century 21 and WCI.
The Change in Officers became necessary with the decision by a
Tucson jury on Wednesday to find
Mr. Bourque guilty on two counts of drunk driving stemming from an
incident which occurred back in 2009. The charges did
not involve moral turpitude, but under stiff Arizona DUI laws the
charges could result in Mr. Bourque's serving a significant
sentence. A sentencing hearing is scheduled for March.
Mr. Bourque has steadfastly maintained his innocence in the matter
and has indicated he intends to appeal. As a result, the
consequences of the jury's decision on the availability of Mr.
Bourque to carry on as Chief Scientist and director of the Company
are at this date uncertain.
Company management is optimistic that this restructuring and
expansion of the Board of Directors and realignment of officers
will assist the Company in moving forward quickly from this point
to commercialize its Kryron products, close on potential orders,
and book sales and create cash flow, whether or not continuing day
to day services from the Company's inventor are interrupted.
This communication to shareholders and the public contains
certain forward-looking statements. Sometimes these statements will
contain words such as "believes," "expects," "intends," "should,"
"will," "plans,", " is optimistic", and other similar words.
The events described in these forward looking statements are not
certain to occur. These statements are only predictions and involve
known and unknown risks, uncertainties and many factors beyond our
control. Although forward-looking statements, and any assumptions
upon which they are based, are made in good faith and reflect our
current judgment, actual results could differ materially from those
anticipated in such statements.
SOURCE Bourque Industries, Inc.