Yippy, Inc. (YIPI)

[honeybadger]

Just read the PR how exciting it was to get Edward Noel onboard:

FORT MYERS, Fla., Oct. 9, 2012 /PRNewswire/ -- Yippy, Inc. ("Yippy" or the "Company") (OTCQX: YIPI) announced today the appointment of Edward Noel as the Company's new Chief Executive Officer. Richard Granville, the Company's previous Chief Executive Officer, has been appointed as the Executive Chairman of the Company's Board of Directors (the "Board").
As part of the process of reforming the Company's management structure, the Board recognized the need for an industry veteran to head up the Company's day-to-day operations going forward. Prior to his appointment, Mr. Noel served as a director on the Board and will continue to serve in that capacity in addition to his duties as Chief Executive Officer.
"I am very pleased to be a part of such a dynamic company," stated Mr. Noel, the Company's newly appointed Chief Executive Officer. He continued, "While on the Board I was able to take my time and get the complete picture of what this company can do technologically. Yippy possesses impressive capabilities in the consumer and enterprise markets. My first job is to start focusing on monetization programs as Yippy prepares to go fully operational."
Richard Granville, the Company's recently appointed Executive Chairman, commented on Mr. Noel's appointment, saying, "We are very pleased to have Ed come onboard to the management team on a full time basis." He continued, "Ed brings a wealth of industry experience to the table and has had much past success. I believe the Company is in very capable hands, allowing us to continue to grow in the future."

You're arguing semantics of "employee" versus "guy being paid in stock to work to lead Yippy strategy and bring new business". An executive officer is quite a high-up position, which in my opinion makes it even more embarrassing.

I'm arguing that the company has released PRs in the past being so excited about people being brought onto the team, only to disappear months later. Is this a true fact or not?