Mentor Capital Adds Stansfield to Board Supporting Spinoffs
April 10 2015 - 12:17PM
Business Wire
CPA to Prepare New Marijuana Subsidiaries for Public Company
Life
Mentor Capital, Inc. (OTCQB: MNTR) announced it has appointed
Ms. Lori Stansfield, CPA to its Board of Directors effective
immediately. Ms. Stansfield will now also add the corporate officer
title of Treasurer to her operating role as company CFO. “In
addition to comprehensive CFO responsibilities, one strategic
function of Mentor Capital that Ms. Stansfield will focus on is to
ready future portfolio companies to be spun off as standalone
public companies,” says Mentor Capital CEO, Chet Billingsley.
“Central to Mentor’s public incubator role is ensuring cannabis
companies we work with have pristine GAAP and SEC compliant
financial statements that they will need to become public
themselves. As a former Director of Audit Services, Ms. Stansfield
is eminently qualified to oversee this process and her authority is
strengthened as a director and corporate officer.”
Ms. Stansfield will be replacing long-time director, businessman
and major shareholder, Mr. James Blazeck, on the board as Mr.
Blazeck prepares for extended international work incompatible with
normal board communications.
About Mentor Capital: The Company seeks to take
significant positions in medical marijuana and cannabis companies
to provide public market liquidity for founders, protection for
investors and to incubate private cannabis companies that have the
potential to be spun off as stand-alone pubic companies. Additional
important information for investors is presented at:
www.MentorCapital.com.
This press release is neither an offer to sell, nor a
solicitation of offers to purchase, securities.
Forward Looking Statements: This press release contains
forward-looking statements within the meaning of the federal
securities laws, including statements concerning financial
projections, financing activities, corporate combinations, product
development activities and sales and licensing activities. Such
forward-looking statements are not guarantees of future results or
performance, are sometimes identified by words of condition such as
“should,” “could,” “expects,” “may,” “intends,” “seeks,” “looks,”
“moves,” or “plans” and are subject to a number of risks and
uncertainties, known and unknown, that could cause actual results
to differ materially from those intended or anticipated. Such risks
include, without limitation: nonperformance of investments, partner
and portfolio difficulties, potential delays in marketing and
sales, problems securing the necessary financing to continue
operations, problems involving continued illegality of cannabis
products, potential of competitive products, services, and
technologies, difficulties experienced in product development, in
recruiting knowledgeable personnel and in protecting intellectual
property. Further information concerning these and other risks is
included in the Company’s 10K filing which, along with other very
important information about the Company, can be found here:
http://mentorcapital.com/disclosures/
The Company undertakes no obligation to update or revise such
forward-looking statements to reflect new information, events or
circumstances occurring after the date of this press release.
Mentor Capital, Inc.Chet Billingsley, CEO760-788-4700
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