No it is not:
1. The PR was written by Newbauer, and no confirmation from the supposed new CEO. Please post a reply from his published e-mail address to prove otherwise.
2. As of ~3 weeks ago Newbauer was still controlling the share structure via the transfer agent, which could not be done if he relinquished the position. He admitted to this himself in an e-mail that has been posted here several times.
3. The info from the NYSOS site does purport to show a new CEO, but again there is no verification from his published e-mail address. Any name can be entered on the SOS forms as there is little to no verification as long as fees are paid.