Arcaro JADA L2 looking mighty thin back thru teens, hit .125 so far today adding the dip here, new owners Jade Art Group
Post Office Box 381865
Birmingham, Alabama 35238-1865
1-855-838-2324
Supplemental Report
Change in Control of issuer
On June 10, 2021, Algonquin Partners, Inc., the majority shareholder of the Company, entered into a
Stock Purchase Agreement (the “SPA”) with Associated Food Concepts, Inc. to purchase 380,000,000
shares of common stock in the Company representing 82.6% of the total issued and outstanding shares of
common stock.
Appointment of New Officers and Directors; Resignation of Former Officers and Directors
On June 10, 2021, the Company accepted the resignation from Marianne Uveges Arcaro's sister as the Company’s Chief
Executive Officer, President, Secretary, Treasurer, and Chairman of the Board of Directors. Effective on
the same date to fill the vacancies created by Ms. Uveges’ resignation, the Company appointed W. Wayne
Sellers as the Company’s Chief Executive Officer, President, Secretary, Treasurer, and Chairman of the
Board of Directors. Ms. Uveges’ resignation was tendered in connection with the consummation of the SPA
and was not the result of any disagreement with the Company on any matter relating to the Company’s
operations, policies, or practices.
Biographical information for Wayne Sellers –
JADE ART GROUP-BIO for W. Wayne Sellers
THURSDAY, JUNE 10, 2021
W. Wayne Sellers is CEO of Associated Food Concepts, Inc., a privately owned company based in
Birmingham, AL (“AFCI”). AFCI is an acquisition and management company, emphasizing niche’ and
specialty food products. Mr. Sellers has a professional career exceeding 34 years solely in the food
manufacturing, distribution, and sales of high-quality foods. Mr. Sellers has started, organized, and
capitalized several companies over his career. At age 29, he started Red Mountain Bakeries, a wholesale
cake bakery, which supplied Costco’s eastern seaboard north and south divisions and most of the top 50
supermarket chains in America. Mr. Sellers co-invented and manufactured the production line and cowrote the manufacturing process control and the management information systems software that managed
the production. He was also a co-founder and shareholder and acted as President and CEO of Selmor Foods,
Inc., which supplied the Mary B’s Biscuits brand and helped Hom/Ade Foods, the brand owner, propel the
brand into the 2nd largest frozen biscuit company at retail in America in 2003 before it sold. Today, in
addition to his responsibilities with AFCI, Mr. Sellers also owns other companies in the food industry. He
serves as the Chairman of the Board and President and CEO of these companies as well. Mr. Sellers
studied engineering and robotics at Atlanta Technical College. He holds an FCC license in Broadcast
Engineering and is a certified foodservice equipment specialist by Rykoff-Sexton. He resides in
Birmingham with his wife, Marie, and together they have eight children and attend Valleydale Church,
where they have attended going on 25 years.
Date: June 10, 2021
Jade Art Group, Inc.
By: /s/ W. Wayne Sellers
W. Wayne Sellers
Chief Executive Officer
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