Ramoil Management, Ltd. Announces New Interim President and Chief Executive Officer
LAS VEGAS, NV--(Marketwired - Feb 20, 2015) - Ramoil Management, Ltd. (OTC PINK: RAMO) (RAMO or "the Company") today announced the resignation of Michael Goeree as its President, Chief Executive Officer and Chairman of the Board of Directors. Timothy Stokes, who worked in the area of business development for Ramoil, was appointed as Chairman of the Board of Directors, will serve as Ramoil's Interim President and Chief Executive Officer until permanent successor can be found.
Mr. Stokes stated, "On behalf of Ramoil, I'd like to thank Mr. Goeree for his contributions to the Company and formulating its long-term strategy to become a leader in the exciting new arena of legal marijuana. Ramoil will focus on developing the operation of licensed and legal cultivation, extraction, manufacturing and retail facilities."
Mr. Stokes continued, "We remain committed to our growth agenda and enhancing value for our shareholders. The Board intends to complete the search process deliberately and thoughtfully to find the right individual with the experience and qualifications to lead the Company into the future."
The Company will continue to advance its previously announced initiatives as well as the execution of its long-term strategy.
About Ramoil Management, Ltd. Ramoil Management, Ltd. (RAMO) is a development stage company focusing on the developing the operation of licensed and legal cultivation, extraction, manufacturing and retail facilities. The Company is planning to build production facilities and research labs, both domestically and internationally, develop its own proprietary strain of high CBD -- extremely low THC Extraction Facilities (Labs and Manufacturing), for the development, production and sales of CBD extractions, concentrates and medicines.
