NEW YORK, Jan. 7, 2014 (GLOBE NEWSWIRE) -- Hokutou Holdings International Inc. (OTCPINK:HKTU) announced today the appointment of James Egide, Michael Bard and Keith Cannon to the companies Board of Directors. Shana Weiner, the current director, has resigned effective January 1, 2014.
The New Board has appointed the following officers of the company.
Mr. James Egide Chief Executive Officer
Mr. Michael Bard Chief Financial Officer
Mr. Bruce Benedict Chief Technology Officer
Mr. Egide, Bard and Cannon have extensive experience running successful public companies and are very versed in each of their areas of management and corporate governess.
Subsequently, the board has passed a corporate resolution to reduce the number of authorized shares of corporate stock from 4,000,000,000 to 400,000,000.
Mr. James Egide, C.E.O., stated, "This reduction is more in line with our corporate goals in what we are trying to achieve with this company for the future market capitalization."
About Hokutou Holdings International Inc. (OTCPINK:HKTU) Hokutou Holdings International Inc. was operated as a development stage company for the last three years.
Forward-Looking Statements – Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Bryan Andrews
