CEO's On the Move
TechPrecision Promotes Alexander Shen to President and Chief Executive Officer, Effective November 17, 2014
:OTCQB) TechPrecision has announced the promotion of Alex Shen to the position of President and Chief Executive Officer of the Company, effective November 17, 2014.
Upcoming Board Meetings
November 24, 2014
Carrianna Group Holdings Company Limited, Board Meeting, Nov 24, 2014., at 11:30 Singapore Standard Time. Agenda: To consider the unaudited interim results of the company and its subsidiaries for the six months ended 30 September 2014; and to consider the payment of an interim dividend, if any.
Carrianna Group Holdings Company Limited Key Board Members
Kai Yum Ma
Chairman of The Board, Managing Director and Chairman of Nomination Committee
AKITA Drilling Ltd. Appoints Henry G. Wilmot as Director
AKITA Drilling Ltd. announced the appointment of Henry G. Wilmot to the company's board of directors effective November 14, 2014. Mr. Wilmot will stand for election at the Company's 2015 Annual Meeting of Shareowners. Mr. Wilmot, 61, has broad based business experience including 39 years with the ATCO Group of Companies. During that time he held progressively senior positions and was most recently President & Chief Operating Officer of ATCO Structures Inc. and ATCO Frontec Corp. Mr. Wilmot also has 12 years of senior management experience in the energy service industry in Canada.
Profit Planners Management, Inc. Announces Executive Changes
On November 11, 2014, the Board of Directors of the Profit Planners Management, Inc. appointed William R. Hunter and Stephen B. Kass, Esq., CPA, LLM to serve as directors of the company to fill vacancies on its Board of Directors. William R. Hunter - is currently a Managing Director at PPMT Strategic Group, Inc. Prior to joining PPMT Strategic. Mr. Hunter served as an executive and consultant on issues involving compliance, electronic trading, and connectivity relating to the passage of the Dodd-Frank Legislation. From March 2010 to August 2011, Mr. Hunter was president and a founder of Leeholm Consulting, Inc. From February 2011 to August 2012, Bill was a Director at Whitaker Securities, LLC. Stephen B. Kass is currently a Managing Director at PPMT Strategic Group, Inc.From 1995 to the present, Stephen has been the founding principal of New York that specializes in business reorganization and tax services.
Karnalyte Resources Inc. Announces Management Appointments; Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Karnalyte Resources Inc. announced effective November 14, 2014, Stephen Goodman has been appointed as the President and Chief Executive Officer, and a Director of the Corporation. Prior to joining Karnalyte, Mr. Goodman held increasingly senior positions in the banking sector. He has worked at Canaccord Genuity, KCG Holdings Inc. and most recently KGS-Alpha Capital Markets L.P. In addition, Gerald Offet was appointed a director of the corporation, also effective November 14, 2014. Mr. Offet has held a number of senior management and board appointments in the Crown sector in the Provinces of Saskatchewan, Manitoba and British Columbia.
The company reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net loss and comprehensive loss of CAD 1,480,000 or CAD 0.05 per basic and diluted share compared to CAD 2,006,000 or CAD 0.07 per basic and diluted share reported a year ago.
For the nine months, the company reported net loss and comprehensive loss of CAD 4,081,000 or CAD 0.15 per basic and diluted share compared to CAD 5,332,000 or CAD 0.20 per basic and diluted share reported a year ago. Cash used in operating activities was CAD 2,674,000 compared to CAD 3,944,000 reported a year ago. Additions to intangible assets were CAD 219,000 compared to CAD 765,000 reported a year ago. Additions to capital assets were CAD 1,544,000 compared to CAD 10,835,000 reported a year ago.