KYNC CONFIRMS PHIL SANDS AS CEO
NEW YORK, NEW YORK September 25, 2019— KYN Capital Group, Inc’s (OTC: KYNC) Board of Directors announced today that Phil Sands has been named the company’s CEO, after being named interim CEO several months ago.
Mr. Sands has been brought into the company to restructure its financial position and capital structure, and redirect its attention to making high quality acquisitions and eliminate subsidiaries that are of no value to the company and its stakeholders.
Mr. Sands stated “It’s a new day for KYN Capital, and it’s a new day for me. As CEO I intend to turn this company into something that we can all be proud of; I intend to acquire only profitable companies and work with only the best; everything is going to change.” He further stated, “we will determine the ultimate direction the company will take, as far as industry, but make no mistake, for KYN Capital the past is not prologue. This isn’t a new chapter for KYN Capital, it’s a new beginning.”
KYN Capital Group, Inc. is a diversified holding company currently focused on providing solutions in the health and wealth sectors with emphasis on asset-based lending, and equipment-leasing. The company lays emphasis on providing nutrition-based products, wellness enhancing products, and carbon-footprint reducing products. The company extends credit and/or financing for leasing a variety of equipment; and, provide asset-based loans for market participants and potential sources of business opportunities.
Notice Regarding Forward-Looking Statements
This news release contains forward-looking statements, which reflect our views with respect to future events and financial performance. These forward-looking statements are subject to certain uncertainties and other factors that could cause actual results to differ materially from such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. KYN Capital disclaims any obligation to update any forward-looking statement made herein.