CASCADE ENERGY, INC. ANNOUNCES CHANGE
OF CONTROL
Los Angeles, CA - June 14, 2017 - InvestorsHub NewsWire -
Cascade Energy, Inc. (OTC:CSCE),
announces effective June 1, 2017, Simon Yu acquired ownership of
the 1,000,000 shares of preferred currently issued and outstanding.
This ownership gives him 100,000,000 votes on any subject presented
to the shareholders for a vote, and therefore constitutes voting
control of the company. Consideration for these shares was the sum
of $10,000, which came from Mr. Yus personal resources.
On the same date, the then-current President and Chairman of the
Board nominated Mr. Yu for one of the open positions on the board
of directors, which Mr. Yu accepted. Thereafter, Joseph Arcaro, the
President and Chairman of the Board, resigned to pursue his own
endeavors, but had no disagreement with any of the activities,
operations or personnel of the company. Mr. Yu then became the
Chairman of the Board and engaged himself as the Chief Executive
Office, President, Chief Financial Officer, and Secretary of the
Company, to be sure that all of those positions are filled.
Mr. Yu maintains offices at 11835 West Olympic Boulevard in Los
Angeles. He is currently serving in all of these capacities without
pay or other material compensation. Simon Yu is the Founder of a
California base staffing firm that uses technology and education to
change the way staffing agencies serve their clients. He has over
15 years of Management experience in Healthcare, and nine of those
years were in Sales and Operations for the Healthcare Staffing
Industry. Throughout his career, Simon has launched startups in
E-commerce, Import/Export, Medical Devices, and Staffing. During
his spare time, Simon is a Startup Advisor at the University of
Southern Californias Business Incubator and an Adjunct Professor of
Entrepreneurship at California State University, Los Angeles. Simon
graduated from the University of Southern California with an MBA
and a Graduate Certificate in Technology Commercialization.
FORWARD-LOOKING STATEMENTS: This release contains
"forward-looking statements" within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements also may be included in other
publicly available documents issued by the Company and in oral
statements made by our officers and representatives from time to
time. These forward-looking statements are intended to provide
management's current expectations or plans for our future operating
and financial performance, based on assumptions currently believed
to be valid. They can be identified by the use of words such as
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "would," "could," "will" and other words of
similar meaning in connection with a discussion of future operating
or financial performance. Examples of forward looking statements
include, among others, statements relating to future sales,
earnings, cash flows, results of operations, uses of cash and other
measures of financial performance.
Because forward-looking statements relate to the future, they
are subject to inherent risks, uncertainties and other factors that
may cause the Company's actual results and financial condition to
differ materially from those expressed or implied in the
forward-looking statements. Such risks, uncertainties and other
factors include, among others such as, but not limited to economic
conditions, changes in the laws or regulations, demand for products
and services of the company, the effects of competition and other
factors that could cause actual results to differ materially from
those projected or represented in the forward looking
statements.
Any forward-looking information provided in this release should
be considered with these factors in mind. We assume no obligation
to update any forward-looking statements contained in this
report.