Bourque Industries, Inc. Announces Management Change

Tucson, AZ May 23, 2013 -- Bourque Industries (Pink Sheets: BORK), a development stage Company exploring and developing metal alloys and related product applications using a patented metal-alloying process called Kryron, announced today that Sean Floyd, interim CEO, resigned his position from the company.

The Board of Directors has been, and will continue to operate as an active group in managing the company for the near term. Specifically the board will focus the company interests in three areas; immediately identifying and recruiting key executive leadership; identifying scientific personnel that will knowledgeably test and communicate the special properties of Kryron, the company’s primary asset; and secure capitalization that will help underwrite the Company’s ongoing business plan.

Matthew Schissler, Chairman of the Board states, “We feel it is in the shareholders’ best interest to pursue a fresh outlook, including personnel, products, process, structure, and delivery of product to market. Since March of 2013, the company has had a tremendously deep, experienced and well-connected board, which has been focused on restructuring the Company and its business. Today, the board of Bourque Industries embarks on launching a new perspective to the business, first of which is identifying leadership, combined with finding and verifying the efficacy on all aspects of Kryron. As these components are secured, we will share the news with our shareholders and the public.”

About Bourque Industries

Bourque Industries is a development stage company with a business plan in the field of advanced materials science directed to developing and then producing metal alloys and related product applications using a patented metal-alloying process known as Kryron. Kryronized alloys may have global potential for paradigm-shifting applications across a wide range of industries. The current applications being explored are directed to ballistic armor and electrical products. Our fundamental goal is to prove up the value of our patented alloy, and then we hope to establish broad market penetration across a wide range of industries. Please visit www.bourqueindustries.com.

CONTACT: contact@bourqueindustries.com

Safe Harbor Statement: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. BORK does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

Bourque Industries (CE) (USOTC:BORK)
Historical Stock Chart
From Mar 2024 to Apr 2024