BPET news November 13 Globe Newswire BestNPet,
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Posted On: 11/13/2018 10:15:18 AM
BPET news November 13 Globe Newswire
BestNPet, Inc. To Spin-Off Subsidiary to Management Team
Pupco Brands, Inc. to focus on premium consumable pet products business
DALLAS, Nov. 13, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE --
BestNPet, Inc. (OTCMKTS: BPET) has spin-off its Pupco Brands, Inc. subsidiary to Paul Lien, President/CEO and other members of the company’s senior management team. The Company has appointed Garrett Vogel as a director and its new president and Dana Herrick as Secretary and a director. Mr. Lien has resigned all his positions with the Company, and will serve as President and CEO of Pupco Brands, Inc.
“Shareholders representing the majority of shares outstanding in BestnPet, Inc. proposed a spin-off to my management team, of 100% of the shares in Pupco Brands, Inc.,” said Mr. Lien. “Their desire to expand the company into non-pet industry related business opportunities is incongruent with our sole focus of building a top-tier world-wide company that develops and manufactures premium consumable pet products. We wish them nothing but the best as we transition Pupco Brands today to the private sector.”
Mr. Hettrick stated, “Mr. Lien assembled top-notch management and product development teams and has extensive experience, expertise and contacts in the consumable pet product business. We’ve retained all non-pet CBD products and business in BestNPet, Inc., but my mandate from the shareholders is to use our existing infrastructure to identify and develop new business prospects for the Company.”
The Company announced it will change is name to reflect its new market focus and introduce its new management team over the next few weeks.
https://globenewswire.com/news-release/2018/1...-Team.html
BestNPet, Inc. To Spin-Off Subsidiary to Management Team
Pupco Brands, Inc. to focus on premium consumable pet products business
DALLAS, Nov. 13, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE --
BestNPet, Inc. (OTCMKTS: BPET) has spin-off its Pupco Brands, Inc. subsidiary to Paul Lien, President/CEO and other members of the company’s senior management team. The Company has appointed Garrett Vogel as a director and its new president and Dana Herrick as Secretary and a director. Mr. Lien has resigned all his positions with the Company, and will serve as President and CEO of Pupco Brands, Inc.
“Shareholders representing the majority of shares outstanding in BestnPet, Inc. proposed a spin-off to my management team, of 100% of the shares in Pupco Brands, Inc.,” said Mr. Lien. “Their desire to expand the company into non-pet industry related business opportunities is incongruent with our sole focus of building a top-tier world-wide company that develops and manufactures premium consumable pet products. We wish them nothing but the best as we transition Pupco Brands today to the private sector.”
Mr. Hettrick stated, “Mr. Lien assembled top-notch management and product development teams and has extensive experience, expertise and contacts in the consumable pet product business. We’ve retained all non-pet CBD products and business in BestNPet, Inc., but my mandate from the shareholders is to use our existing infrastructure to identify and develop new business prospects for the Company.”
The Company announced it will change is name to reflect its new market focus and introduce its new management team over the next few weeks.
https://globenewswire.com/news-release/2018/1...-Team.html
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