This is NOT about QMKR but I think it will be of interest to anyone who has been around for a while.
SIO
SIO
Quote:Press Release
For Immediate Release
Change of Control of Creative Edge Nutrition, Inc. (FITX)
Point Roberts, WA (June 14, 2017) - Effective June 14, 2017, there was a change in control of Creative Edge Nutrition Inc., precipitated by a senior group of debt holders of the Company. Effective immediately, James L. Robinson is no longer employed by Creative Edge Nutrition Inc. as its President and CEO. He has also been removed as a director of the Company. The senior debt holders have appointed the following people as the management team and directors, where indicated, of the Company:
Brian S. Payne – President and CEO / Director (Chairman)
Christian J. Gallant – Vice President and COO / Director
John B. Morgan – Vice President of Sales and Business Development / Director
Erwin Vahlsing Jr. - Director, Secretary and Treasurer
Over the past year, numerous shareholders and debt holders have become increasingly distressed with the direction of the Company. The issues included:
1. Numerous missed self-imposed deadlines for launching the GIDDY UP® product line which wore down investor confidence. 2. The missing of numerous filing deadlines with State and Federal regulators which kept the FITX ticker with a Caveat Emptor “Skull & Crossbones” status and without value. 3. A reluctance of the President and CEO to inform and update shareholders and debtholders on the process of fixing the companies issues.
We have sought out and engaged a company that specializes in accounting and fixing public companies and bringing them back to good standing with the OTC Market Group. We hope to expedite this process and move forward with our business model.
In the interest of transparency, we will attempt to update the shareholders weekly via www.creativeedgenutritioninc.com and the various Facebook pages dedicated to GIDDY UP® and FITX. We intend to keep shareholders updated with the information that we can disseminate and share according to OTC Market rules. In this time of transition, we ask for just a little bit more patience from our valued shareholders as we make every attempt to restore shareholder value and launch our new products.
Company Disclaimer
As a "penny stock" Company, within the meaning of federal and state securities law, Creative Edge Nutrition, Inc. may not avail itself of the Safe Harbor provisions as identified in the Private Securities Litigation Reform Act of 1995. However, Creative Edge Nutrition, Inc. provides the following disclaimer and warning to protect our shareholders, prospective investors and the public at large by alerting them to the risks and uncertainties involved with any investment, and the need to perform their own due diligence and assessment.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers.
Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forwardlooking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission.
Contact: Creative Edge Nutrition, Inc. Email: ceo@creativeedgenutritioninc.com
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