AMERICAN SENIORS ANNOUNCES RESULTS OF SHAREHOLDER'S MEETING AND APPOINTMENT OF NEW INTERIM CEO AND PRESIDENT
Houston, TX, March 26, 2015 American Seniors Association Holding Group, Inc., trading on the OTC Market under the symbol "AMSA" held a shareholders meeting on March 23, 2015.
A quorum was present and a majority of the shares present voted to decrease the board from three members to one. The shareholders also voted for Loretta Higgins to be the one director.
Ms. Higgins as the sole director has appointed William W. Bolles as Interim CEO and President. In addition to the day to day operations and stabilization of the Company Mr. Bolles will be leading a search for a new permanent CEO.
Mr. Bolles is currently a Director of Columbia Energy he has held that position for the last nine years. During that time he developed the Little Cedar Creek Field in Alabama, developed the organization and operations for six oil and gas fields in Romania and supervised the acquisition of 100,000 acres in Montana to produce coal bed methane.
Prior to the Mr. Bolles was the managing director of Wolff Investments in New York. Mr. Bolles founded the magazine "Notorious" he expanded the magazine in coordination with Sean "P Diddy" Combs which was eventually acquired by a corporate affiliate of Mr. Combs. Mr. Bolles also successfully organized Alabama Fuel Group which was later sold to Koch Industries.
Mr. Bolles brings over thirty years of experience to American Seniors as they set out to find a permanent CEO.
FORWARD-LOOKING STATEMENTS
The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful execution of growth strategies, product development and acceptance, the impact of competitive services and pricing, general economic conditions, and other risks and uncertainties described in the Company's periodic filings with the OTC Markets.