New CEO of RTON 8k filing Effective August 16
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Posted On: 08/21/2018 4:14:53 PM
New CEO of RTON 8k filing
Effective August 16, 2018, our Board of Directors appointed A. David Youssefyeh and Dr. Ashok Patel to serve as new members of the Board. Concurrently with these appointments, our Board of Directors appointed Dr. Patel to serve as our new President and CEO, and appointed Mr. Youssefyeh to serve as our new CFO. Our outgoing CEO, Daniel Crawford, was appointed to serve as Chairman of our Board of Directors. Mr. Crawford will also continue to serve as a Director and as our Secretary and Treasurer.
Dr. Ashok Patel, PhD is our newly appointed Director, CEO, and President. Dr. Patel is the founder and CEO of Centre Manufacturing, LLC. Centre Manufacturing specializes in the formulation and manufacturing of all-natural health and beauty products for customers around the world. Previously, Dr. Patel has worked in both the medical diagnostics and pharmaceutical fields. He supplied both technical help and specialty ingredients to cosmetics, medical diagnostics and pharmaceutical companies. Dr. Patel received his Ph.D. in Medical Biochemistry from the University of Wales, Cardiff Wales, in 1982 and his Bachelor’s in Science in Medical Biochemistry from the University of Birmingham, England in 1979.
A. David Youssefyeh, Esq. is our newly appointed Director and CFO. Mr. Youssefyeh is a managing attorney in the law firm A|D|Y Law Group. P.C., where he specializes in complex business and real estate litigation and transactions. Mr. Youssefyeh holds a B.A. from the University of Southern California (International Finance) and a J.D. from Loyola Law School, where he was a Staff Writer and an Editor of the Entertainment Law Journal.
At this time, we do not have written employment agreements or other formal compensation arrangements with Dr. Patel or Mr. Youssefyeh.
Except as set forth below, our newly-appointed officers and directors have not had any material direct or indirect interest in any of our transactions or proposed transactions over the last two years:
1. On June 19, 2018, we formed a new company, Endo & Centre Venture, LLC (“Endo & Centre”), for the purposes of carrying out a joint venture with Centre Manufacturing, Inc. (“Centre Manufacturing”), a food and beverage manufacturer. As discussed above, Dr. Patel is the founder and CEO of Centre Manufacturing. Through Endo & Centre, we plan to pursue the manufacture, marketing, and sales of private label food and beverages. Centre Manufacturing will carry out the product manufacturing and, through our subsidiary Endo Brands, Inc., we will focus on marketing and sales of private-label food and beverage products. Our subsidiary, Endo Brands, Inc., owns 51% of Endo & Centre, and Centre Manufacturing owns a 49% membership interest. Profits and losses for the company will be shared on a 50/50 basis. Endo & Centre is jointly managed by Mr. Crawford and Dr. Patel.
Effective August 16, 2018, our Board of Directors appointed A. David Youssefyeh and Dr. Ashok Patel to serve as new members of the Board. Concurrently with these appointments, our Board of Directors appointed Dr. Patel to serve as our new President and CEO, and appointed Mr. Youssefyeh to serve as our new CFO. Our outgoing CEO, Daniel Crawford, was appointed to serve as Chairman of our Board of Directors. Mr. Crawford will also continue to serve as a Director and as our Secretary and Treasurer.
Dr. Ashok Patel, PhD is our newly appointed Director, CEO, and President. Dr. Patel is the founder and CEO of Centre Manufacturing, LLC. Centre Manufacturing specializes in the formulation and manufacturing of all-natural health and beauty products for customers around the world. Previously, Dr. Patel has worked in both the medical diagnostics and pharmaceutical fields. He supplied both technical help and specialty ingredients to cosmetics, medical diagnostics and pharmaceutical companies. Dr. Patel received his Ph.D. in Medical Biochemistry from the University of Wales, Cardiff Wales, in 1982 and his Bachelor’s in Science in Medical Biochemistry from the University of Birmingham, England in 1979.
A. David Youssefyeh, Esq. is our newly appointed Director and CFO. Mr. Youssefyeh is a managing attorney in the law firm A|D|Y Law Group. P.C., where he specializes in complex business and real estate litigation and transactions. Mr. Youssefyeh holds a B.A. from the University of Southern California (International Finance) and a J.D. from Loyola Law School, where he was a Staff Writer and an Editor of the Entertainment Law Journal.
At this time, we do not have written employment agreements or other formal compensation arrangements with Dr. Patel or Mr. Youssefyeh.
Except as set forth below, our newly-appointed officers and directors have not had any material direct or indirect interest in any of our transactions or proposed transactions over the last two years:
1. On June 19, 2018, we formed a new company, Endo & Centre Venture, LLC (“Endo & Centre”), for the purposes of carrying out a joint venture with Centre Manufacturing, Inc. (“Centre Manufacturing”), a food and beverage manufacturer. As discussed above, Dr. Patel is the founder and CEO of Centre Manufacturing. Through Endo & Centre, we plan to pursue the manufacture, marketing, and sales of private label food and beverages. Centre Manufacturing will carry out the product manufacturing and, through our subsidiary Endo Brands, Inc., we will focus on marketing and sales of private-label food and beverage products. Our subsidiary, Endo Brands, Inc., owns 51% of Endo & Centre, and Centre Manufacturing owns a 49% membership interest. Profits and losses for the company will be shared on a 50/50 basis. Endo & Centre is jointly managed by Mr. Crawford and Dr. Patel.
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