Minerco, Inc. Announces New Management and Provides Corporate Update
March 12, 2019/0 Comments/in Uncategorized /by minerco
HOUSTON, TX, March 12, 2019: Minerco, Inc. (OTCBB: MINE), a brand management and holding company specializing in the development of beverage, entertainment and ancillary brands, announced today that Mr. Milton Murcia has been named President, CEO, Principal Executive Officer and sole member of the Board of Directors of the company. All former executives and Board Members have resigned and are no longer associated with the company.
Mr. Murcia has worked more than fifteen years in the entertainment, restaurant and related fields. He has worked his way up from bartender/server up to General Manager to co-owner of multiple restaurant and entertainment companies. His full bio and history are available on the Minerco website at www.minercoinc.com. He will apply all of his experience and entrepreneurial skills to bring value and success back to the shareholders of Minerco.
Mr. Murcia, with a broad entertainment and food service background, plans to focus his energy on reviving the company’s once thriving entertainment company, Fuse Live Events. In addition, after months of due diligence and transition from old to new management, he believes there is great value in the beverage brands (especially if combined) that continue to be owned by the Minerco shareholders.
After the passing of the 2018 Farm Bill, Minerco has identified, and is ready to retain, beverage experts to infuse its vitamin enhanced water with the hottest functionality available on the market. Mr. Murcia believes the company’s access to beverage experts coupled with its large database of vitamin enhanced, coffee based, natural teas and many other beverage formulations are great assets that need to be utilized to deliver value to shareholders.
“I am honored and excited to have the opportunity to bring Minerco out of the shadows and into the sunlight again. I understand I will have to earn the trust of existing shareholders, many of whom feel abandoned. I plan to earn that trust and respect one step at a time, starting with no capital structure changes (stock splits) for the foreseeable future,” said Milton Murcia, new CEO of Minerco, Inc. “With my expertise in the entertainment space combined with incoming beverage experts, I know we can grow an amazing business that entertains and helps people while delivering value to our shareholders.”
Minerco’s new management has unwound all business arrangements regarding crypto mining and currency. The company is diligently working to catch up past financial filings and become current with regulatory authorities. The company is also reaching out to all lenders and creditors to better structure or temporarily freeze repayment terms. Former management and board members have resigned, effective January 31, 2019, and no longer have any control nor equity ownership in Minerco.
Please contact: Minerco, Inc.
info@minercoinc.com
