CHARLESTON, S.C., Jan. 22, 2014 (GLOBE NEWSWIRE) -- Hawk Manufacturing is announcing that Hawk Manufacturing and Global Earth Energy (OTCQB:GLER) signed a definitive agreement in which Hawk Manufacturing will acquire Global Earth Energy. The deal is expected to close within the next 10 business days.
Under the proposed reverse merger, Hawk Manufacturing will acquire a significant majority of the shares in Global Earth Energy. All subsidiaries of Hawk Manufacturing and Global Early Energy will be rolled into the "new" entity. Global Earth Energy will move its headquarters to Charleston, SC and will eventually trade as Hawk Manufacturing, Inc., after FINRA's regulatory approvals for new symbol and Company name.
The new senior management team will consist of the following individuals:
- Stacey J. Ragsdale, President.
- John M. Ragsdale, CEO
- Carl Partridge, Chief Operating Officer
- Charles Kent Raley, Chief Commercial Officer (CCO)
- Mr. Robert G. Gillian, National Sales Director & VP of Marketing.
This team brings over 140 years combined management experiences.
Mr. Ragsdale has experience in managing organizations that have dealt primarily in the technology field. Mr. Partridge has been CEO and COO of a number of "Private Equity" backed entities. As CCO, Mr. Raley will use his experience in running sales organizations and customer-facing operations with companies like Autozone to build teams that interact with our customers on a daily basis. Finally, Mr. Gillian, working with Mr. Raley will build sales teams and use marketing strategies he has learned from his over 30 years of working with sales and marketing teams from companies like Volkswagen, Volvo and General Motors .
John Ragsdale will be the new CEO, and stated, "We are excited about this new direction for Hawk Manufacturing and look forward to accelerating our growth plans. We appreciate the support Global Earth Energy has given us during the initial stages of our partnership and are excited to lead the Company into the future."
Sydney Harland and Betty Harland will resign and retire from their current positions but shall remain as Board of Directors of the new entity.
Mr. Harland stated, "We are excited and pleased for the quality of the new management team and where the Company is headed."
Mr. Harland is thanked for years of committed service to the Company.
The new Company, Hawk Manufacturing, will continue to work closely with its partners. The pending new management team will continue to develop the assets of Global Earth Energy.
A new company website will be posted upon completion.
For more information about Global Earth Energy please contact Rich Kaiser, YES INTERNATIONAL, Business Consultant, 757-306-6090.
For more information about Hawk Manufacturing, please contact John M. Ragsdale, CEO, Hawk Manufacturing at 843-817-6106.
This release contains forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from results, performance or expectations implied by forward-looking statements.
CONTACT: Rich Kaiser
YES INTERNATIONAL
757-306-6090
Source: Globe Newswire (January 22, 2014 - 10:45 AM EST)
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