Business
Perpetual Industries Inc. Announces Appointment of Marlin Stutzman to its Board of Directors and Debt Conversions
Perpetual Industries Inc. Announces Appointment of Marlin Stutzman to its Board of Directors and Debt Conversions.
About this update from Perpetual Industries Inc.
[{"type":"text","content":"AUBURN, IN / ACCESSWIRE / September 17, 2020 / Perpetual Industries Inc. (OTC PINK:PRPI) ("Perpetual" or the "Company") is pleased to announce the appointment of Mr. Marlin Stutzman of Middlebury, Indiana to its Board of Directors effective September 15, 2020.Mr. Stutzman is a fourth-generation farmer, business owner, and former U.S. Congressman. Elected to the US House of Representatives in November, 2010, U.S. Congressman Marlin quickly emerged as a pro-business, pro-family, conservative leader for Northeast Indiana. Marlin served as a member of the Financial Services Committee, Agriculture Committee, the Budget Committee, Veterans Affairs Committee, and the Dean of Indiana's Republican delegation in the House. Congressman Stutzman was proud to serve the needs of hardworking Hoosier families who call Indiana's Third Congressional District home."We feel privileged to welcome Marlin Stutzman to our Board of Directors. Marlin is a well-respected, accomplished business leader with an extensive network of relationships. We are looking forward to pursuing new business opportunities introduced to Perpetual Industries through Marlin's involvement with the company." stated Brent W. Bedford, CEO of Perpetual Industries Inc.Mr. Stutzman is currently the Managing Partner of Osmium Holdings, LLC and is the past President of WishBone Medical, Inc. Marlin and his wife Christy are also co-owners of Stutzman Power Equipment and Stutzman Brothers Meat Company. The Stutzmans continue to maintain their family farm, Schönbrook Farm & Inn, in Howe, Indiana where they raise Wagyu Beef and Thoroughbred Horses, as well as opening their historic Victorian Style home as an Inn and venue for special events."I am excited to be joining this talented group of people at Perpetual Industries, who are focused on innovation, new technologies and creating jobs in Indiana. Innovation is what has made America great and Perpetual Industries is nurturing cutting edge ideas that will make our world better while being environmentally responsible at the same time." stated Marlin Stutzman.In addition, Perpetual would like to announce that it has finalized debt conversion agreements, pursuant to which an aggregate of 29,432,100 of common shares of the Company ("Common Shares") will be issued in full a...