Business
Sunset Island Group Announces Appointment of CEO
Sunset Island Group Announces Appointment of CEO.
About this update from Sunset Island Group, Inc.
[{"type":"text","content":"SARASOTA, Fla., July 30, 2008 -- Sunset Island Group (OTC Pink Sheets: SIGO, the \"Company\"), announced today that its Board of Directors has named Arnold Levine to the position of Chief Executive Officer. \n\nMr. Levine has more than 30 years experience in the finance area for company's both big and small. As an investment banker at a mid-size banking house he was responsible for creating an on-going study of bank mergers and acquisitions in New Jersey, and for a major bond insurer he managed a $3.5 billion municipal funding pool. As head of strategic planning he helped create the largest mortgage company at that time in the United States, something he had done earlier in the protective services field where helped combine Wells Fargo Armored Guards and Burns International into the largest protective services company in the country. As an officer in the asset management area of JPMorgan Chase, he was responsible for all unit investment trust tax reporting activities.\n\nSince joining the entrepreneurial world, Mr. Levine has been a key contributor in a number of transactions. This includes both funding and taking the Global Alumina Corporation and OPEL Inc. public. The latter is a high-technology company partly owned by the University of Connecticut, and the former will own and operate one of the world's largest alumina refineries upon its completion. Mr. Levine has also found funding for a number of oil and gas-related projects, a $100 million gas-to-liquid plant, and a $300 million ethanol plant that will be backed by the government of Fiji.\n\nMr. Levine is a graduate of Rutgers College and the Rutgers Graduate School of Management.\n\nThe Company is also announcing the move of its new headquarters to Sarasota, Florida. The Company has been a developmental stage company with a limited operating history. It now is taking steps to transform its operations and to acquire or enter into partnerships with established companies that will increase shareholder value. \n\nCertain statements in this news release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as \"expects\", \"intends\", \"plans\", \"may\", \"could\", \"should\", \"anticipates\", \"likely\", \"believes\" and words of similar import also identify forward-l...