PUGE: Merger, merger, merger....New CEO is a merger specialist, his two grown children are merger attornies, all I can say is get ready for some kind of reverse merger here.
The company today announces the appointment of Mr. Hermann Burckhardt as President and Chief Executive Officer and the relocation of it's corporate office to Miami, Florida.
we have already renegotiated the majority of our debt and will attempt to finish with the rest, if possible, sometime this month. .
It is time, however, to move on to bigger and better things.
In the meantime, we are currently considering acquisition targets
Mr. Burckhardt is married and resides in Miami. He has four children, two of which are Attorneys and practice in the field of Mergers and Acquisitions.
In the last few years Mr. Burckhardt has been instrumental in several transactions, some of which were the result of Reverse Mergers and for which he was appointed Chairman and CEO such as Invicta Corporation ( IVIA) and Nexgen Vision Inc. (NXGV) in which he worked with his son, Attorney Alberto Burckhart, who is not currently affiliated with this company. In the first instance ( IVIA ) the stock went from $ 1.50 to around $14.75 around the time of his departure within a one-year time-frame. On the other ( NXGV ), the company raised a substantial amount of money through Jesup and Lamont in New York City. For the past four years Mr. Burckhardt had been employed by a Fortune 100 Holding Company.
