Sebastian River Holdings, Inc. Appoints New Director and Officer in Moving Forward with Company's Ob
Nov 19th 2012 10:36AM
Updated Nov 19th 2012 10:40AM
Sebastian River Holdings, Inc. Appoints New Director and Officer in Moving Forward with Company's Objectives for Near-Term Assets and Performing Subsidiaries
TORRANCE, Calif.--(BUSINESS WIRE)-- Sebastian River Holdings, Inc. (SBRH) is pleased to announce that it has appointed small-cap market and venture capital specialist, Peter Matousek, as a Director of the Company. Matousek will act as a managing Director and will oversee current business objectives while evaluating opportunities and statements presented by Sebastian's previous CEO, Dan Benjamin, for feasibility and overall fit.
As well, the company's majority shareholder, Mark B. Newbauer has agreed to sign as an officer of the company to work with Matousek as strategic alliances are positioned. The two will ensure the company works to harvest operating assets with empirically sound potential for near-term revenues and long-term growth.
As part of the shift in management, the company will divest itself of anything related to Salusoft, Inc., Synerlife Health Corporation, trading desk operations and the proposed casino as introduced by the former CEO. After due diligence, it was found that these business models were in concept or discussion stages only and would not meet shareholder expectations in terms of overall potential. The company will replace these objectives seamlessly with a partnership focused in oil and gas.
"Sebastian River Holdings, Inc. holds tremendous potential," states Matousek. "I am pleased to have been appointed Director of the Company and accept the position with full acknowledgement that my leadership comes with responsibility to the company and its shareholders. Transparency and compliance will be implemented in everything we do as the company works aggressively to harvest diversified holdings in a focused manner while continuing to expand our business alliances for success in all targeted areas of focus as the company grows."
Professionally, Matousek has demonstrated both passion and ability, working extensively with the public markets for companies throughout the United States and Canada. During this time, he has cultivated relationships with shareholders, private investors, venture capital firms and investment advisors, in addition to a wealth of business professionals and strategic partners worldwide. These relationships have recently allowed Matousek to excel within the small/micro cap sector.
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Sebastian River Holdings, Inc.
Peter Matousek, 775-410-4458
KEYWORDS: United States North America California
The article Sebastian River Holdings, Inc. Appoints New Director and Officer in Moving Forward with Company's Objectives for Near-Term Assets and Performing Subsidiaries originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.