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Wednesday, May 02, 2012 9:32:23 AM
(STHG - OTC Pink) announces today that its interim CEO, Cedric Atkinson, has identified a seasoned mining professional, John Semachko, Jr., to serve as the company's official Chief Executive Officer to fulfill the STHG obligations and objectives toward long-term growth and multiple streams of revenue. Semachko is the former president of Sierra Gold, a West African mining company with which STGH executives have a pre-existing relationship. He has a longstanding reputation in the industry and will be resigning from all outside positions to ensure that Stratton receives exclusive focus in a strategic plan to foster the company to new levels with opportunities in both West Africa and North America. Atkinson, in addition to bringing seasoned management on board with industry expertise, has set in motion the steps to buy out Accurate Resource Development's 50% ownership in its JV with Stratton, giving Stratton Holdings, Inc. 100% ownership in the West African Mining venture, reducing the company's funding requirements to $450,000 from $750,000, saving the company $300,000 in commitments and increasing its ownership position in what company executives feel will be a highly profitable venture for STHG and its shareholders. As well, Stratton executives are pleased to announce that the company will be releasing the 2011 Assay Results on its West Africa claims. Shareholders may access the results on the company's website (http://www.STHGgold.com) and they will also be posted on OTC Markets. Stratton Holdings Inc is a publicly traded company with a focus on Precious Metals mining as well as business operations in other sectors which management feels has potential for long-term growth and/or near-term revenue opportunities. OFFICIAL WEBSITE http://www.STHGgold.com SOURCE: Stratton Holdings, Inc. Stratton Holdings, Inc. John Semachko Jr., +1 330-273-6181 ceo@sthggold.com Copyright Business Wire 2012 Story ID: 1074175005 Keywords: BUSINESS, CEO, GOLD, MINING, NORTH AMERICA, OTC, PRECIOUS METALS, PRESIDENT, REVENUE Symbols: STHG
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