Published: September 12, 2008
Ethos Announces Corporate Update, Appointment of New Officers and Directors
Ethos Environmental, Inc. (OTCBB: ETEV), a
San Diego-based company, announced that it has appointed new officers and
directors. On September 5, 2008, Mr. Enrique de Vilmorin, Mr. Luis
Willars, and Mr. Jose Manuel Escobedo resigned from all positions with the
Company.
The outgoing board of directors of the Company nominated and appointed
Corey P. Schlossmann as interim President, Chief Executive Officer and
Director, Howard Landa as Director, and Bruce A. Tackman as Director. Mr.
Thomas Maher was confirmed as Chief Financial Officer of the Company, and
was also appointed as Treasurer.
In addition, the Company assumed a note payable by Mr. de Vilmorin in
exchange for Mr. de Vilmorin agreeing to cancel 13,600,000 shares of the
Company's common stock, with such shares representing Mr. de Vilmorin's
entire position in the Company. Mr. de Vilmorin will continue to consult
with the Company on an as needed basis only.
The shares being cancelled represent 33.6 percent of the Company's current
total shares issued and outstanding. On a fully diluted basis, the shares
being cancelled represent 27 percent of the Company's common stock.
For additional information on the Company, please visit www.ethosfr.com.
About Ethos Environmental, Inc.
Ethos Environmental, Inc. (OTCBB: ETEV), a San Diego-based corporation, is
the manufacturer of award-winning fuel reformulating products that help
industries meet environmental regulations and relieve skyrocketing fuel
costs. By using Ethos FR®, commercial vehicles can increase fuel mileage
between 7 percent and 19 percent while reducing harmful emissions by more
than 30 percent. For more information about Ethos Environmental, Inc.,
visit www.ethosfr.com.
Safe Harbor for Forward-Looking Statements
Except for statements of historical fact, the information presented herein
constitutes forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors, which may
cause the actual results, performance or achievements of Ethos
Environmental to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such factors include general economic and business conditions,
changes in management, customer demand for its products, and other factors
over which Ethos Environmental has little or no control. Ethos
Environmental is unable to predict the affect, if any, on its business
operations, financial condition and general economic outlook resulting from
the change in its officers and directors, and, in particular, the
resignation of its former Chief Executive Officer. Ethos Environmental
undertakes no obligation to update any forward-looking statement as a
result of new information, future events or otherwise, except as required
under applicable law.
Copyright © 2012, MarketWire
Copyright © 2012, NewsBlaze,
Daily News