Cann American Corp (CNNA)

[energystar]

NEWS OUT...NEW CEO...

NEW YORK, Aug. 13, 2012 /PRNewswire/ -- CEO and Co-Founder of the eco-friendly flame retardant product company Bioflamex Corp., Kristian Schiorring, announced today the appointment of Kenneth D. Bland as CEO and President of the Company as part of a shift in the business focus of Bioflamex.

Kenneth D. Bland steps into the CEO and President role from the wireless and cellular industry, with experience both domestically and internationally in product development and marketing. Mr. Bland's role will be to lead Bioflamex into the company's new strategic initiative, which will be focused on connecting the underserved rural telecommunication markets, and enhancing the public safety communications in these areas.

Schiorring will be concentrating his efforts, along with co-founder Henrik Dahlerup, toward marketing Bioflamex's existing products. Both Schiorring and Dahlerup will step down, effective immediately, from their executive officer positions in order to allow the company to implement the new business plan.

"The goal," Schiorring said, "is to increase shareholder value by better utilizing the talents and assets of the company. With Dahlerup and myself focusing on the sales and marketing of the existing, innovative products of Bioflamex, the company will be able to redirect its efforts to implementing its new and exciting business strategies."

Mr. Bland also expressed his excitement about the opportunity inherent in the implementation of the new Bioflamex strategic initiative. "Our new team will reach out to you soon with details about our ideas and plans, an outline of the company's direction, and an introduction to new members of our management team," Bland said.