NEW YORK, Nov. 02, 2016 (GLOBE NEWSWIRE) -- In a release issued under the same headline yesterday by Drone USA, Inc. (OTC:DRUS), please note that in the second paragraph of the release, Mr. Williams' previous experience as floor broker should be from 1987-1992 at RBC Dominion Securities, not Richardson GMP as previously stated. Please also note the updated contact information in the contact section at the end of the release. The corrected release follows:
Drone USA, Inc. (OTC:DRUS) (“Drone USA” or the “Company”), a developer and manufacturer of low altitude Unmanned Aerial Vehicles (“UAV”) and related technologies, today announced that it has appointed David Y. Williams Jr. to the Company’s Board of Directors, effective immediately. Mr. Williams has over 30 years of financial experience in executive management positions within the finance services industries.
After serving five years in the United States Army, Mr. Williams began his career in financial services on the Midwest Stock Exchange where he was responsible for running the floor operations of Meeschaert Inc. In August of 1987, Mr. Williams began work at the New York Stock Exchange managing equity trading operations for several New York Stock Exchange listed companies. Mr. Williams has served as a floor broker from 1987-1992 at RBC Dominion Securities (formerly Richardson Greenshields), a leading wealth management firm and at Glenwood Securities, a trading and execution firm and currently works with Wellington Shields & Co. LLC, a full service investment bank, managing the firm’s New York Stock Exchange operations. Mr. Williams also currently serves on the board of directors for Strategic Gold Corporation and Reference Point Physical Gold Fund and is a principal of Universal Services, a gold company based in the Bahamas.
Mr. Williams received a Bachelor Science from The United States Military Academy at West Point and served as an infantry officer in the United States Army. Mr. Williams retired from the army with the rank of Captain after serving five years.
Michael Bannon, Drone USA’s Chief Executive Officer commented, “We are delighted to welcome David to the Company’s Board of Directors. David brings with him an extensive background in the financial services industry and has a deep understanding of the capital markets, especially the New York Stock Exchange. We are confident that this knowledge as well as hands on approach will lend itself nicely to our team.”
About Drone USA, Inc. Headquartered at One World Trade Center in New York, NY, Drone USA plans to become a primary developer and manufacturer of low altitude unmanned aerial vehicles (UAV) and related technologies. Target markets include select defense segments (military), public safety (police, fire, emergency response), and high growth commercial applications such as agriculture, photogrammetry, mining, utilities, and entertainment. The Company seeks to strengthen its systems portfolio by acquiring UAV firms with superior technologies that are proven in high-growth markets, as well as complementary technologies such as sensors and software.
For additional information about Drone USA, please visit www.droneusainc.com .
Forward-Looking Statements Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans," “anticipates,” “expects,” “believes” or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in the company’s business plan and filings with the OTC Markets Group.
CONTACT: Michael Bannon Chief Executive Officer mike@droneusainc.com Dennis Antonelos Chief Financial Officer dennis@droneusainc.com
