The Automotive Resource Network Holdings, Inc
- ARNH -
The Automotive Resource Network Holding, Inc. announces change in management
Fort Lauderdale, FL -- March 27, 2017 -- InvestorsHub NewsWire -- Effective March 24 th 2017, Mr. Mark Solomon has tendered his resignation as CEO from The Automotive Resource Network Holdings, Inc. (OTC.PK: ARNH). Mr. David Failla replaces Mr. Solomon as Interim CEO. The company thanks Mr. Solomon for his service and wishes him well in future endeavors.
The company welcomes Mr. Failla to the organization and looks forward to working with him as he begins the task of satisfying OTC requirements. Mr. Failla says “I’m excited to work with ARNH and look forward to quickly bring our filings current, while evaluating acquisition opportunities”.
David Failla has over 30 years of experience predominantly in the food service industry. His experience includes: multi-unit food service operations, frozen food distribution and over five years of accounting and administrative experience with public companies. Mr. Failla holds a BS in Accounting from Kutztown University in Kutztown, PA.
About The Automotive Resource Network Holdings, Inc. (ARNH)
The Automotive Resource Network Holdings, Inc. is a holding company trading on OTC Pink Sheets Market under the symbol/ ticker ARNH. Initially the company started out as a FOREX trading platform, the company was then sold. The business model had changed to focus on automotive service insurance contracts. It was to be marketed through Multi-Level Marketing channels. That business model failed and resulted in several lawsuits being filed against the company. For the past five years, the company has been in litigation, and earlier this year it’s third and final lawsuit was dismissed. The majority shareholder has been keeping the company viable. Now that all litigation is over, the company looks forward to interact with shareholders and creditors. At the same time, pursuing acquisition targets.
This press release contains statements that are "Forward-Looking" in nature (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). All statements regarding the Company's financial position, potential, business strategy, plans and objectives for future operations are Forward-Looking statements. Many of these statements contain words such as "goal," "aims," "may," "expect," "believe," "intend," "anticipate," "estimate," "continue," "would," "exceed," "should," "steady," "plan," "potential," "dramatic," and variations of such words and similar expressions identify Forward-Looking statements, but their absence does not mean that a statement is not a Forward-Looking statement. Because Forward-Looking statements involve future risks and uncertainties, there are many factors that could cause actual results to differ materially from those expressed or implied. The Company cannot predict the actual effect these factors will have on its results and many of the factors and their effects are beyond the Company's control. Any forward-looking statement made by the Company speaks only as of the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise. Given these uncertainties, you should not rely too heavily on these forward-looking statements.
The Automotive Resource Network Holdings Inc.
Here's also the amendment of the Articles of Incorporation, which names David Failla as the new CEO. There is no question as to whom the legal CEO so dont loose your shares to anyone claiming different ownership. These are offical recorded documents.