BORK Bourque Industries Inc (CE)

TUCSON, Ariz., March 9, 2013.  Bourque Industries, Inc. (OTC: BORK), a development stage company in the process of commercializing its patented Kryron metal-alloying process using nanotechnology to fundamentally alter common metals at the molecular level to create ultra-high performing super alloys, announced its new, confirmed Board of Directors.

The Board of Directors was expanded from three to eight seats.  The board will retain two members from the previous Board of Directors, Charmaine “Sandy” Berry and Carol “CJ” Condon.  Joining Ms. Berry and Ms. Condon on the board are Raymond Humphrey, Brent Willis, Matthew L. Schissler, Michael Kotelec, Joel Heffron, and Scott Stover.  Management has selected the forgoing members based upon their business expertise and experience, and believes the board will quickly propel the Company.

The first newly constituted Board of Directors meeting recorded a unanimous vote for Mr. Sean Floyd to continue as President and interim Chief Executive Officer, Ms. Sandy Berry to remain as Company Treasurer and Ms. Carol Condon to remain as Company Secretary, while unanimously electing Mr. Matthew L. Schissler to act as Chairman of the Board.  The Company agreed it will initiate a search for a new Chief Financial Officer.

The background for each of the eight Board Members, who now comprise the new Board of Directors of Bourque Industries, Inc., is set forth below:

Raymond Humphrey is an internationally recognized leader in the security-risk management field with extensive experience at the most senior levels of government and industry.  Mr. Humphrey evaluates homeland security preparedness, deterrence, business continuity, consequence management, introduction of leading-edge security technology and similar initiatives at the municipal, state and organizational levels within the United States and other countries.  Ray was also honored at the White House by President Lyndon Johnson as being one of 45 most outstanding young Americans.  He retired as a Colonel following 20 years of service in the U.S. Army and remains the only individual to have served as both President of ASIS International and the International Security Management Association (ISMA).

 

Although not all inclusive, Mr. Humphrey has also served as a board member of the International Association of Chiefs of Police (IACP) Foundation; and as a member of the (U.S.) President’s Export Council Subcommittee on Encryption; committee chairperson of the U.S. Department of State’s Overseas Security Advisory Council (OSAC); the Police Executive Research Forum (PERF), and the National Counterintelligence Center (NACIC). He has done pro-bono work in developing tools, training, and techniques for a number of public service entities, such as the New York City Police Department, Rochester (NY) Police Department, etc. 

Mr. Humphrey serves as a member of the Naples’ (Florida) Citizen Police Review Board.  Just recently he co-authored “What Corporate America Needs to Know About Bioterrorism,” in “The Executive’s Desk Book on Corporate Risks and Response for Homeland Security” (National Legal Center for the Public Interest, 2003).  Mr. Humphrey has a Masters of Public Administration Degree from Syracuse University’s Maxwell School (New York), an undergraduate degree from Norwich University (Vermont), and is a graduate of the U.S. Army’s Command and General Staff College.  He was the security profession’s first recipient of its “Executive of the Year Award” for professional excellence and was uniquely honored by the Masonic Order in being designated a Mason at Sight.

 

Brent Willis is a decorated former Military Officer and successful business leader.  From 2010 to 2012 he served as the Chief Executive Officer and Chairman of the Board of Liberty Ammunition, a private later-stage start-up company, which has developed and is commercializing its product portfolio and technologies.  Liberty is in possession of world-leading, high-performance, lead-free rifle and handgun ammunition that is industry disruptive and trans-formative in capabilities for U.S. soldiers and their closest allies.  Liberty under Mr. Willis’ helm was awarded a patent on firearm projectile technologies and filed for five additional patents for further embodiment’s on its initial patent for both rifle and handgun ammunition.  From 2006 to 2008 Mr. Willis served as CEO for Cott Corporation, a Company in the business of beverage manufacturing and sales.  Mr. Willis’ duties included leadership of this roughly $2Billion enterprise, management of more than 20 manufacturing plants, and leadership of more than 10,000 people.

 

From 2002 to 2006 Mr. Willis served as Chief Commercial Officer and President for InBev, a company in the business of beverage manufacturing and sales.  Mr. Willis’ duties included leadership of top-line growth for this more than $20 Billion enterprise, management of more than 20 manufacturing plants and a sales and marketing budget of more than €3.3 billion and leadership of more than 20,000 people. From 1996 to 2001 Mr. Willis served as President North Latin America for The Coca-Cola Company, a company in the business of beverage manufacturing and sales.  Mr. Willis’ duties included leadership of this roughly $2Billion enterprise, management of more than 40 manufacturing plants and leadership of more than 20,000 people.

Mr. Willis began his career as a Second Lieutenant in the United States Army in 1982. He served in various combat arms leadership capacities around the world including assignments in the 1st Cavalry Division and the Pentagon.  He worked on the Strategic Defense Initiative (Star Wars) and numerous other compartmentalized (black ops) programs including the Army Robotics Initiatives and Unmanned Aerial Vehicle initiatives.  He authored the Counter-Air Concept to change the role of Air Defense, which was later adopted as doctrine.  He received numerous decorations, including two Meritorious Service Medals, two Army Commendation Medals, the Army Achievement Medal, and the Airborne Parachutist badge during his military career; he was honorably discharged with the rank of Captain. He received his B.S. Degree in Engineering from the US Military Academy at West Point and an MBA Degree from the University of Chicago.

Matthew L. Schissler currently serves as founder and Managing Member of Pyrenees Investments, a private financial advisory firm, where he advises on various microcap public company structures and capitalization. The firm utilizes a vast network for introduction to institutional investors, accredited investors, microcap specialty funds, legal consultants, auditors, GAAP financial preparers, and lenders to provide seed, start-up and early stage capital, compliance and governance.   Typical advisory services, include building legal and auditing relationships, debt consolidation and balance sheet clean-up, turn around and up-listing services, and later stage financing. The firm currently consults with over a dozen microcap public company clients, while Mr. Schissler serves on the Board of Directors for three of them.

 

Prior to this, Mr. Schissler was the founder and served as Chairman of the Board and Chief Executive Officer of Cord Blood America, Inc., a company specializing in the harvesting and storage of Stem Cells in the US and abroad, from 2003 through the middle of 2012.  In this capacity he was responsible for a series of public and private offerings, which raised over $30 million in various forms of equity and debt used to grow from a two person operation in 2003, to building or acquiring laboratories and operations on four continents.  The capital was used to complete seven acquisitions of either asset purchases or stock purchases, and also placing three minority investments into other stem cell storage companies globally. 

 

Mr. Schissler served on various community and economic development boards including The Nevada Development Authority Biotech Committee, The Las Vegas Science Festival and the Las Vegas Natural History Museum.  Mr. Schissler was a semi-finalist for the Los Angeles Ernst and Young “Entrepreneur of the Year” in 2008. Although not all inclusive, additionally Mr. Schissler served in founding and/or leadership roles for China Stem Cells, Inc and Frozen Food Gift Group.  Mr. Schissler earned his B.A. degree in Biology and Public Policy from St. Mary’s College of Maryland.

 

Michael Kotelec serves as Executive Vice President in DHR’s Silicon Valley office.  Mr. Kotelec specializes in the industrial, cleantech, advanced technology, consumer products, venture capital and private equity sectors.

Mr. Kotelec brings to the executive search community over 25 years of delivering global growth throughout the U.S., Europe, Middle East, Latin America, and Asia. Prior to joining DHR, Mr. Kotelec held senior executive positions in general management, marketing, sales, supply chain, and operations with AlliedSignal, Honeywell, Nanoconduction, Sabanci Holdings, and Kennametal.  He has extensive expertise in advanced materials, specialty alloys, and end use applications as diverse as ballistic armor, textiles, microprocessors, LEDs, and advanced metallurgy for aerospace, automotive, and agriculture.

 

Much of his corporate career was spent as an expatriate in Europe and Asia Pacific where he focused on developing international expansion through strategic alliances, organic growth, acquisitions and customer partnerships.  In Asia Pacific his China team Won AlliedSignal’s Six Sigma Premier Achievement Award for new plant start-up and new product commercialization.  He was consistently recognized as a metrics focused leader proficient in directing multi-site operations, business model restructuring, and cost control with adept management of cultural and organizational diversity.  Mr. Kotelec is a graduate of Hamden-Sydney College with a BA in Government and Foreign Affairs.  He holds an MBA from the College of William and Mary in International Marketing. 

 

Joel Heffron offers sale, merger and money raising services to small and middle-market companies with annual revenues ranging from $2 to $30 million.  He specializes in representing both public and private companies, who are interesting in acquisitions and mergers for growth and development.  Since 1986, he has worked with owners of small to middle-market companies to buy and sell assets to maximize the returns.

Mr. Heffron started his career in New York, practicing law with Sohn, Gross, Findlay & Heffron.  After working in the areas of real estate, corporate and licensing development, he became Executive Vice President of a $100 million retail company, Treasure City Department Stores.  Treasure was subsequently merged into a NYSE listed company.  He then became a principal of ABCO Tableware Inc., a major supplier of tableware to the airline and hotel industries.  The company was merged into a public company located in the UK.  Following that, Mr. Heffron became a Principal of Westminster Equities Ltd, an owner and operator of 19 real estate limited partnerships of income producing properties.  Mr. Heffron graduated from the Wharton School of Finance, and has a Bachelor of Laws from New York University School of Law.  He is a member of the Bar of the State of New York, and is a licensed real estate broker in both California and New York.

Scott Stover brings 27 years of defense and aerospace industry experience.  Scott joined R.S. Hughes in 1986 as a field sales representative before taking a job with Hisco Inc. in 1988 in Houston, Texas.  Stover served in a variety of growth positions for nearly 25 years to include Territory Management in Houston, Texas and transferred to Phoenix, Arizona as Branch Manager.  Scott was promoted to Vice President in 1996 for the Phoenix operation, and expanded his business into Mexican market to open 3 locations for HiscoMex. The combined operations soon became the second most profitable business unit within Hisco.

In 2002, Stover helped in the acquisition of Precision Converting and soon integrated this business into the Tempe operation in 2007.  This fabricating unit was the catalysis for his development and the discovery of the patented M-7 Spall System and the start of Defense Materials Group.  Defense Materials Group was founded by Stover in 2007, which soon became the most profitable business unit within Hisco’s $260MM annual sales volume through the management of Stover.  In 2010, Stover was asked to become the Vice President and Business Development Manager of Hisco’s Aerospace Defense business unit.

Charmaine S. ("Sandy") Berry brings 30 years of veteran banking and commercial lending experience to Bourque’s Board.  Previously with Bank of America in California and JPMorgan Chase & Company in New York where she was Vice President & Division Manager managing a $196 billion portfolio working with 300+ top tier clients and Wall Street Investment Houses, which included Goldman Sachs.  Her staff of up to 200 managed 3 million negotiable assets in Houston and Dallas, Texas and Brooklyn, New York.  Sandy was also on the Board of Directors of JPMorgan Chase Custody Services, Inc. a company under the umbrella of JPMorgan Chase & Company.

 

While working in Tucson, Arizona with a small financial institution, she started up a “Small Business” lending program working with small business owners to find solutions for their financial services borrowing and banking needs and this is where she met and helped promote John Bourque’s invention and business startup.  She also worked with a local Congressman speaking at various events to help educate small business owners on lending facilities open to them during the “great” recession.  Among Sandy’s accomplishments, she was selected from commercial lenders across the country to receive an invitation to the White House to attend the Jobs Signing Bill in September, 2010 and received a televised handshake from the President of the United States.

 

Sandy has been on the Bourque Industries Board of Directors since 2011.

Carol J. (“CJ”) Condon has been an Executive Vice President with and invested in John Bourque’s startup companies, since 2008.  She brings a wealth of business knowledge with her and performs all administrative functions for the company. 

 

CJ previously owned her own company and worked in the insurance industry for many years, which helped her advise and complete many of the functions needed for the original startup of Bourque’s companies.

 

CJ has been the Bourque Industries Board Secretary since 2011.

 

President and Chief Executive Officer, Bourque Industries, Inc.

Sean Floyd was selected to be Bourque Industries’ President and Interim Chief Executive Officer due to his wealth of business knowledge in building companies, negotiating license agreements, and sales and marketing expertise.  Sean learned of Bourque Industries and upon researching the company, he called John Bourque directly and offered his services free of charge through his own company to create a better Website to promote the invention.  Subsequently, Sean was offered and accepted a Vice President position with the company, left his company to his partner, moved his family from Atlanta to Tucson, and immediately began working on powerful agreements for Kryron products soon to come to fruition.

 

Mr. Floyd previously founded and operated 5^th Avenue Media/Marketing/Photography a national company specializing in Marketing/Media and photography providing marketing information for magazine publishing companies, newspaper advertisements, celebrity relations, Web Design and E-Commerce for companies such as Porsche, Nissan, Rooms to Go, PGA Golf, Century 21 and WCI to name a few.

 

To add to Mr. Floyd’s CEO experience, he was also President/CEO and Founder of AerCom Tec International.  ACT Manufactured and set up distribution Network GPS and Cellular products.  He was responsible for the overall operations of the company, including oversight of contract negotiations and national contracts with these billion dollar companies.  National contracts were obtained with BellSouth/Cellemetry nationally and BellMobiltiy of Canada, the very first National Agreements in the USA and Canada to use data over the Cellular Control Channel.  Licensing agreements were also obtained with companies such as Anheuser-Busch Co. and Caterpillar.  Additional information on Mr. Floyd’s accomplishments through AerCom Tec may be found in the following link:  http://www.thefreelibrary.com/BellSouth+Cellemetry+Data+Service+and+AerComTec+Deliver+New+Fleet...-a020549772

 

This communication to shareholders and the public contains certain forward-looking statements. Sometimes these statements will contain words such as “believes,” “expects,” “intends,” “should,” “will,” “plans,”, ” is optimistic”,  and other similar words. The events described in these forward looking statements are not certain to occur. These statements are only predictions and involve known and unknown risks, uncertainties and many factors beyond our control. Although forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment, actual results could differ materially from those anticipated in such statements.

 

SOURCE Bourque Industries, Inc.