Veteran Executive Seth Lukash Joins Tumbleweed Holdings Board of Directors
NEW YORK, NY -- (Marketwired) -- 05/14/14 -- Tumbleweed Holdings,
Inc. an agri-technology company with a focus on legal cannabis
(OTCQB: DCDC) is pleased to announce the addition of Seth Lukash to
its Board of Directors.
Mr. Lukash has over three decades of experience leading public and
private technology companies as a CEO and Director. He built Tridex
Corporation, which was a publicly traded company that designed and
manufactured printers and hardware platforms for the lottery, banking
and point-of-sales market, from $6 million to $100 million in
revenue. In addition, he was the CEO of Progressive Software, a
provider of software to the quick service and restaurant industry.
Mr. Lukash's expertise with automated manufacturing and tracking
system technology will help guide Tumbleweed's growth particularly in
terms of ensuring successful development and acquisition of
technology platforms that maximize profitability.
Mr. Lukash stated, "I am excited about this opportunity to help guide
and build Tumbleweed into a leader in the legal cannabis sector. I
have studied and invested in the sector over the past few years, and
I believe there are good opportunities to create shareholder value."
Gary Herman, the Company's Chairman stated, "We are pleased to have
Seth join the Board and offer us his strong operational and financial
experience. We have worked together for many years and I am confident
we will build a world class company together."
This release contains "forward-looking
statements" that include information relating to future events and
future financial and operating performance. The words "may," "would,"
"will," "expect," "estimate," "can," "believe," "potential" and
similar expressions and variations thereof are intended to identify
forward-looking statements. Forward-looking statements should not be
read as a guarantee of future performance or results, and will not
necessarily be accurate indications of the times at, or by, which
that performance or those results will be achieved. Forward-looking
statements are based on information available at the time they are
made and/or management's good faith belief as of that time with
respect to future events, and are subject to risks and uncertainties
that could cause actual performance or results to differ materially
from those expressed in or suggested by the forward-looking
statements. Important factors that could cause these differences
include, but are not limited to: fluctuations in demand for
Tumbleweed's products, the introduction of new products, the
Company's ability to maintain customer and strategic business
relationships, the impact of competitive products and pricing, growth
in targeted markets, the adequacy of the Company's liquidity and
financial strength to support its growth, and other information that
may be detailed from time-to-time in the Company's filings with the
United States Securities and Exchange Commission. Examples of such
forward-looking statements in this release include statements
regarding future sales, costs and market acceptance of products as
well as regulatory actions at the Federal and State levels. For a
more detailed description of the risk factors and uncertainties
affecting the Company, please refer to the Company's Securities and
Exchange Commission filings, which are available at www.sec.gov. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
For more information please contact:
Tel: (212) 247-0581
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