CAVU Resources Inc (CAVR)

[HNDRXX]

TULSA, Okla.--(BUSINESS WIRE)-- CAVU Resources, Inc. (OTC Markets: CAVR) announced today it has completed the restructuring of the company as a holding company, with a goal of becoming a recognized proprietary, global player in the cannabis technology sector. Along with its targeted initial acquisition, CAVU will bring in a well-respected, deep and experienced new management team.



https://cavuresource.com/

The founders of CAVU believe the Company is now uniquely positioned with this new management, which has considerable experience ranging from public company management, technology, creative, investment banking, and other business professionals with a wide range of success. CAVU today also expresses gratitude to its advisory committee, which has worked diligently on behalf of all CAVU shareholders.

The Company anticipates it will be positioned to report these new developments more fully to its shareholders in the coming days; however, to initiate this process, CAVU has first filed an application with OTC Markets to bring the company to “Current” status. CAVU anticipates this initial process may take several business days. As soon as approval is given, the Company will upload the necessary financials (with the appropriate Attorney letters) in order to bring the Company to OTC Markets "Current" status.

A detailed corporate update will be released concurrent with these filings. “Upon approval of these initial steps, we believe we will be able to prove we are bringing in a once in a generation opportunity for the benefit of all CAVU shareowners. We are very excited about being in a position to properly report the Company's new progress,” said William C. Robinson, CEO of CAVU.

About CAVU

During World War II, Navy fighter pilots would look up at the sky and if it was a ‘CAVU’ day then it meant ceiling and visibility unlimited. The founders of CAVU Resources chose the name CAVU because they believe that the Company will be the embodiment of its name. CAVU was formed with the goal of becoming a recognized player in business technology with unlimited future visions. The company seeks out unique opportunities that help build shareholder value through innovative resources.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release includes certain "forward-looking statements" under applicable US securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals, where applicable and the state of the capital markets. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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CAVU Resources, Inc.
[e-mail]
Billy Robinson, CEO
504-722-7402
www.cavuresource.com

Source: CAVU Resources, Inc.



OFFICERS AND DIRECTORS
William C. Robinson, (“Billy”) CEO/President/Chairman

Mr. Robinson is the Chairman/CEO/President, of CAVU Resources, Inc. (OTC:CAVR), which has had multiple subsidiaries operating, in the oil & gas transmission, security, government contracting and drone businesses. Mr. Robinson is a senior executive with over 32 years in the public markets, financial consulting and business development. In 2017 thru 2018 Mr. Robinson served as CEO of Essential Services Group, Inc. then as Executive Vice President of Business Development. In 2017, Mr. Robinson co-founded R Squared Technologies, Inc., a communications technology company, where he was responsible for overseeing corporate and business development activities. From 2005 through 2016, Mr. Robinson served as the founder, Chairman and Chief Executive Officer of Proxity-EC, Inc., which provides subscription-based services in connection with government contracting. Prior thereto, Mr. Robinson held management positions at Paine Webber and served as a vice president of Prudential Securities, with series 7, 6 and 65 license (inactive). Mr. Robinson studied Business and Finance at Oklahoma University, Northeastern State University and Northeastern Oklahoma A&M College.

Michael Sheikh, CFO

Mr. Sheikh is a US Air Force Academy graduate and pilot. He has a Bachelors of Science in Economics. He flew KC-135 tankers out of Fairchild AFB and also worked as the budget officer in the comptroller’s squadron. Mr. Sheikh began his career as a stock broker for Dean Witter. He later was recruited by a regional Broker Dealer called National Securities working as a research analyst and authored and published reports in the aerospace sector while maintaining his Series 7 license. In 1999 Mr. Sheikh worked in business development for a promotional products business with MMI International Trade. He helped grow this startup company that had only $150K in annual sales and within two years left the company with a run rate of $2.5 mil in annual sales. During his tenure he built a sales force and management team, computerized the facility, upgraded the manufacturing operation, instituted a system of quality controls, and most importantly gave them a huge internet presence domestically and globally. Ten years later this company is a leader in its industry and has grown to over $10 mil sales annually. With Mr. Sheikh’s financial expertise in Venture capital and marketing promotional products gave him keen insight in dealing with financing international trade. Utilizing his expertise he was hired by Production Finance, the pioneer of the trade financing industry. Over the past eight years he negotiated and financed international trade deals. Since 2009 Mr. Sheikh has narrowed his focus to the petroleum industry. His experience in logistics and trade financing give him keen insight into targeting the right suppliers and consumers of petroleum products. He is also an accomplished financial newsletter writer with thousands of followers.

Samuel Ayeni, Vice President International Projects

Samuel Adetunji Ayeni is was educated at Obafemi Awolowo University, Ile –Ife with Bachelor’s degree in Zoology, Nigeria, in the year 1987 with Masters in International Business with Strayer University, USA in 2011. Mr. Ayeni brings with him strong skill set for International Trade and Project Consulting and Financing. He is also the President and CEO of GVS LINKZ INC., an International Business, Trade Project Consulting Company.

ADVISORY BOARD
THE FOLLOWING ARE INDIVIDUALS WHO HAVE AGREED TO SERVE AS ADVISORS TO CAVU RESOURCES, INC. BUT DO NOT SERVE ON THE BOARD OF DIRECTORS. THEIR CAPACITY IS ADVISORY ONLY.

Bob Silver

Mr. Silver, a top performer for more then 25 years in Corporate America, spent his years in companies led by some of the greatest self-made entrepreneurs in business. Ballys (Arthur Goldberg), Metro Networks (David Saperstein), Thomson West (Kenneth Thomson) and Compuware (Peter Karmanos).

He expanded his expertise and footprint by leading a Chinese start-up in late 2005 through 2009, learned the language, culture and international business. With the help of two Chinese scientists, Dr. Zhang Chaoming and Dr. Wang Jianrong, he invented an environmental monitoring technology that stills exist today.

Mr. Silver has recently focused on the entertainment industry. He works with a Sprint Cup Nascar driver to secure sponsorships, an athlete turned actor who has appeared in over 50 big budget films, several NFL stars, toured the world with music acts and artists. He has recently produced his own reality show in partnership with STX (Legendary Pictures), which has an agreement to be purchased by a large television network. He currently manages both a 10-year-old actor who stars on the hit CBS show Young Sheldon, and one of the top in-house producers in music today. Most recently, the late Harlan Kleiman, founder of HBO, Nickelodeon and MTV, mentored Mr. Silver. Harlan took Mr. Silver under his wing and gave him the support needed to shape him into becoming a great leader and innovator in today’s business climate.

Marinko Vekovic

Mr. Vekovic is the President of the management consulting company Alpha Medicals in Irvine, California. Was Senior VP Marketing and Sales at ICN (NYSE: VRX), President of MVC Consulting, Over ten years with Eli Lilly (NYSE: LLY) from US to Latin America and Europe / Director of Operations Europe Middle East Africa region /; Over 25 years of multidimensional expertise, both domestic and international, in General management, Business development, Strategic planning, Marketing and Sales. Experience with Global and start-up companies. Managed businesses from $3 million to $850 million. Started Companies on London Stock Exchange and NYSE and NASDAQ. Proven record of success leading turnarounds and high-growth operations worldwide. An MBA in General Management from IMD –Lausanne Switzerland and B.S. in Economics from London University UK, complement a history of outstanding results.

Robert W. Demes

Over the last 35 years Mr. Demes has been a key figure in deploying financial and business skills for a number of Companies that range from small business startups to established publicly traded entities in a myriad of business sectors. During this time he helped deploy capital for many businesses including for natural gas and oil recovery as well as for heavy equipment infra-structure including intimate familiarity with import and export of resources. Robert has also developed residential and commercial properties throughout South America, Central and North America, as well as worked closely with a number of European companies in a variety of sectors including deployment of cutting edge technology. A former political dignitary for Latin America, Robert was responsible for generating hundreds of millions of dollars in trade including natural resources, heavy equipment, real estate development and tourism on behalf of Costa Rica.

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