Systems Evolution, Inc.'s (PINKSHEETS: SSEV) CEO Steven Humphries today announced that he called a Special Meeting of the Board of Directors yesterday, February 2, 2010 at 1:00 p.m.
Humphries called the meeting for the purpose of electing new officers of the Company. At the meeting, Steven Humphries and Christopher Humphries resigned as officers. The Board of Directors then nominated and unanimously elected Mel Robinson the President & CEO of SSEV. Steven Humphries, Christopher Humphries and Buckeye Epstein then resigned as directors leaving Mel Robinson the sole director of SSEV.
Humphries added, "Mel is the current President of Highline Hydrogen Hybrids and Hoss Motor Sports, the Arkansas subsidiary companies majority owned by SSEV. Mel and his Arkansas team have done a great job in positioning both companies for the future. It only makes sense for Mel to be at the helm of the parent public company to keep the parent and the subsidiary companies in sync moving forward. We wish him the best."
Mel Robinson commented, "I am honored to have been elected to this position. I look forward to working with the shareholders to build a strong public company as well as strong subsidiaries."
The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 ("the Securities Act"), as amended and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, our statements regarding the anticipated growth of the company from our subsidiary divisions, the anticipated longer-term growth of our business, and the timing of the projects and trends in future operating performance are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of revenues due to the uncertainty of market acceptance and other factors, including general economic conditions, not within our control. The factors discussed herein and expressed from time to time in our filings with the Securities and Exchange Commission could cause actual results to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this filing and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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