Charlestowne Premium Beverages Inc. (FPWM): Apparently no one replaced Bernard Madof...

Charlestowne Premium Beverages Inc. (FPWM)

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Re: lifegear post# 18504

Friday, 03/20/2009 10:34:45 AM

Friday, March 20, 2009 10:34:45 AM

Apparently no one replaced Bernard Madoff as CEO. Probably because he was going to assist in finding his replacement, thus dooming the process to fail due to his unwaivering incompetence.

"Power Technology CEO Announces Plan to Retire
AUSTIN, Texas, Sept. 17 /PRNewswire-FirstCall/
Power Technology (OTC Bulletin Board: PWTC) announced today that the company's CEO, Bernard J. Walter, has announced his intention to retire as CEO when a new successor is found. The Board of Directors will begin an immediate search for a new CEO on behalf of Power Technology.
Bernard J. Walter commented, "During my three years as CEO we have successfully obtained and defended our patents, built a prototype facility to manufacture our unique technology, and now need to take the company's technology to the market. A new CEO with the experience and resources to accomplish this will be a welcome addition to Power Technology, and I look
forward to assisting the company in finding my replacement."
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-17-2007/0004663697&EDATE=