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VuMee Inc. Announces Change in Management
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9:00 AM ET 1/29/18 | Dow Jones
VuMee Inc. Announces Change in Management January 29, 2018 -- (VuMee Inc.) --
(TheNewswire)
Accepts resignation of Joseph Arcaro from position of President and member of Board of Directors
Appoints Sean Jahanian as new President and board member
Scottsdale, AZ / TheNewswire / January 29, 2018 - VuMee Inc. (OTCMKTS: VUME) today announced that on January 22, 2018, its Board of Directors accepted the resignation of Joseph Arcaro from his position as the company's President and member of the Board of Directors. Contemporaneously with Mr. Arcaro's resignation, the Board appointed Sean Jahanian as the company's new President and member of the Board of Directors. This announcement follows the company's announcement on January 23, 2018, that it has entered into a letter of intent to acquire all of the issued and outstanding equity interests of Montana Apothecary LLC d.b.a. Alternative Solutions Cultivation Center, a developer and operator of medical marijuana cultivation centers which sell to fully-licensed medical marijuana distributors in the Washington, D.C., metro area.
"I am honored to serve as president of VuMee Inc.," said Mr. Jahanian about the appointment. "I look forward to focusing the company's efforts at acquiring cash-flowing assets and growing long-term shareholder value."
Sean Jahanian has a twenty-five-year track record of providing strategic business development and technical operations leadership in uniquely challenging situations, including international commodities development (oil, gas and minerals), transportation and logistics, sales and marketing, strategic communications and global security consulting. He previously held senior positions with a Washington, D.C.-based strategic consulting firm and a Dubai-based power plant contractor. Mr. Jahanian brings the high-level strategic planning and execution experience that the company needs to identify and acquire quality cash-flowing businesses over the long-term, and in the short-term to navigate the complex regulatory environment which governs the fast-growing medical and consumer marijuana sector. Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Because they discuss future events or conditions, forward-looking statements may include words such as "look forward," "anticipate," "believe," "intend," "could," "may," "seek," "plan," or similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding business strategies, financing plans and any other statements that are not historical facts. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual future results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.
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January 29, 2018 09:00 ET (14:00 GMT)
