Replies to post #2034 on Proper Power and Energy Inc (fka PPWE)

[meffi]

He is not arrested and here is the updates from Jan. Nothing has changed in management:
"Andrew J. Kacic will replace Joseph Abdo as President of Proper Power & Energy. Mr. Kacic brings more than 32 years of progressive experience as a chief executive in oil and gas, investment banking, insurance services and public securities. Mr. Kacic was the founder and president of American Resources of Delaware, Inc. and its subsidiary Southern Gas Company, successfully taking assets from $220,000 to more than $40 million in less than 4 years. Mr. Abdo will remain the Chief Executive Officer and Chairman of the Board"

[Planopenny]

Item 5.02 Election of Directors; Appointment of Certain Officers.




On January 18, 2011, Andrew J. Kacic was appointed as President for the Company. The background information for Mr. Kacic is set forth below.




Andrew J. Kacic, President

Andrew J. Kacic is 63 years of age. A seasoned expert in primary and secondary finance strategies, capital management and corporate organization, Mr. Kacic brings more than 34 years of progressive experience as a chief executive in investment banking and insurance services, public securities, automotive and oil and gas markets. From 1986 through the present date, Mr. Kacic has been the President of Advisory Services, Inc., a corporate consulting firm, where his responsibilities included procuring new clients and consulting them as needed. From 2004 thru 2011, Mr. Kacic served as President of Hunter Resources, Inc. (“HRI”), an oil and gas Production Company with operations in the Appalachian Basin. From 2003 till 2009 Mr. Kacic was co-manager of River Walk, LLC, a company that was a developer of luxury townhomes. None of the aforementioned entities are a parent, subsidiary or affiliate of the Company. Mr. Kacic received his BBA (business administration) from Cleveland State University. Mr. Kacic does not have a family relationship with any of the other officers or directors of the Company. Mr. Kacic is not an officer or director of any other public company.




Mr. Kacic was the President of Hunter Resources, Inc. until January 2011 and owns one-third of the equity ownership interests in such company. In 2010 our Company entered into an assignment agreement with HRI to acquire a lease to an oil and gas property in Kentucky (the “Burns Lease”). The value of the transaction is approximately $130,000 and Mr. Kacic’s interest in the transaction is approximately $43,333 based upon his equity ownership in HRI. We also are in the process of negotiating an agreement with HRI for it to manage operations at the Burns Lease site. Our projected cost for the proposed operations agreement is approximately $2,000 per month. Mr. Kacic’s son, Jordan A. Kacic is the President of HRI. Mr. Kacic will retain a board of director seat with HRI as well as his minority shareholder interest in HRI.