Bourque Industries, Inc. Announces Restructure And Expansion Of Its Board Of
Directors And Selection Of A New Interim Chief Executive Officer
TUCSON, Ariz., Feb. 7, 2013
TUCSON, Ariz., Feb. 7, 2013 /PRNewswire/ -- Bourque Industries, Inc. (OTC:
BORK), a development stage company in the process of commercializing its
patented Kryron metal-alloying process using nanotechnology to fundamentally
alter common metals at the molecular level to create ultra-high performing
super alloys, announced this morning a restructuring and expansion of its
Board of Directors and appointment of a new interim Chief Executive Officer.
The Board of Directors was expanded from three to five seats, and an
invitation to join the Board was extended to Matt Schissler and to Brent
Willis. Mr. Schissler has already accepted the invitation, and the Board
believes it likely that Mr. Willis will also accept. Sean Floyd was elevated
to Chief Executive Officer, and John Bourque, the Founder of the Company and
the inventor of its technology, was reposition as Chief Scientist.
Matthew L. Schissler was the founder and served as Chairman of the Board and
Chief Executive Officerof Cord Blood American, Inc., a company specializing
in the harvesting and storage of Stem Cells in the US and abroad, from 2003
through the middle of 2012. In this capacity he was responsible for a series
of public and private offering which raised substantial amounts of capital for
Cord Blood America and its business.
From April 2001 until January 2003, Mr. Schissler was the President and Chief
Executive Officer of Rain, an advertising agency which he founded. From 1994
through March 2001, Mr. Schissler held various management sales positions at
TMP Worldwide, Inc., a personnel staffing company.
Brent Willis is a decorated former Military Officer and successful business
leader. From 2010 to 2012 he served as the Chief Executive Officer and
Chairman of the Board of Liberty Ammunition, a private later-stage start-up
company which has developed and is commercializing its product portfolio and
technologies. Liberty is in possession of world-leading, high-performance,
lead-free rifle and handgun ammunition that is industry disruptive and
transformative in capabilities for US soldiers and their closest allies.
Liberty under Mr. Willis' helm wasawarded a patent on firearm projectile
technologies and filed for five additional patents for further embodiments on
its initial patent for both rifle and handgun ammunition.
From 2006 to 2008 Mr. Willis served as CEO for Cott Corporation, a Company in
the business of beverage manufacturing and sales. Mr. Willis' duties included
leadership of this roughly $2Billion enterprise, management of more than 20
manufacturing plants, and leadership of more than 10,000 people.
From 2002 to 2006 Mr. Willis served as Chief Commercial Officer and President
for InBev, a company in the business of beverage manufacturing and sales. Mr.
Willis' duties included leadership of top-line growth for this more than $20
Billion enterprise, management of more than 20 manufacturing plants and a
sales and marketing budget of more than €3.3 billion and leadership of more
than 20,000 people.
From 1996 to 2001 Mr. Willis served as President North Latin America for The
Coca-Cola Company, a company in the business of beverage manufacturing and
sales. Mr. Willis' duties included leadership of this roughly $2Billion
enterprise, management of more than 40 manufacturing plants and leadership of
more than 20,000 people.
Mr. Willis began his career as a Second Lieutenant in the United States Army
in 1982. He served in various combat arms leadership capacities around the
world including assignments in the 1st Cavalry Division and the Pentagon. He
worked on the Strategic Defense Initiative (Star Wars) and numerous other
compartmentalized (black ops) programs including the Army Robotics Initiatives
and Unmanned Aerial Vehicle initiatives. He authored the Counter-Air Concept
to change the role of Air Defense which was later adopted as doctrine. He
received numerous decorations, including two Meritorious Service Medals, two
Army Commendation Medals, the Army Achievement Medal, and the Airborne
Parachutist badge during his military career; he was honorably discharged with
the rank of Captain.
He received his BS. Degree in Engineering from the US Military Academy at West
Point and an MBA Degree from the University of Chicago.
Sean Floyd has been elected Interim Chief Executive Officer of the Company.
Mr. Floyd has been serving as Executive Vice President for Bourque
Industries, Inc. since January of last year. From January 2003 to 2012 he
founded and operated 5^th Avenue Media/Marketing/Photography a company
specializing in photography, props for magazine publishing companies,
newspaper advertisements, celebrity portfolios/ weddings, Web Design and E
Commerce, for clients such as Porsche, Nissan, Rooms to Go, PGA Golf, Century
21 and WCI.
The Change in Officers became necessary with the decision by a Tucson jury on
Wednesday to find Mr. Bourque guilty on two counts of drunk driving stemming
from an incident which occurred back in 2009. The charges did not involve
moral turpitude, but under stiff Arizona DUI laws the charges could result in
Mr. Bourque's serving a significant sentence. A sentencing hearing is
scheduled for March. Mr. Bourque has steadfastly maintained his innocence in
the matter and has indicated he intends to appeal. As a result, the
consequences of the jury's decision on the availability of Mr. Bourque to
carry on as Chief Scientist and director of the Company are at this date
Company management is optimistic that this restructuring and expansion of the
Board of Directors and realignment of officers will assist the Company in
moving forward quickly from this point to commercialize its Kryron products,
close on potential orders, and book sales and create cash flow, whether or not
continuing day to day services from the Company's inventor are interrupted.
This communication to shareholders and the public contains certain
forward-looking statements. Sometimes these statements will contain words such
as "believes," "expects," "intends," "should," "will," "plans,", " is
optimistic", and other similar words. The events described in these forward
looking statements are not certain to occur. These statements are only
predictions and involve known and unknown risks, uncertainties and many
factors beyond our control. Although forward-looking statements, and any
assumptions upon which they are based, are made in good faith and reflect our
current judgment, actual results could differ materially from those
anticipated in such statements.
SOURCE Bourque Industries, Inc.
Contact: Sean Floyd, +1-404-877-2568, email@example.com
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