KENT FINANCIAL SERVICES Announces Changes to Its Board of Directors
October 06 2008 - 6:50PM
Marketwired
KENT FINANCIAL SERVICES, INC. ("Kent") (NASDAQ: KENT) -- Paul
Koether, Chairman, today announced the resignation of M. Michael
Witte, as Director of the Company, effective September 30, 2008.
Mr. Witte had served as a Director of the Company since 1986.
The Company also announced that on October 6, 2008, Dr. James L.
Bicksler was elected a Director of the Company. Dr. Bicksler has
been a Professor of Finance and Economics, Rutgers Business School,
Rutgers, the State University of New Jersey, since 1969 as well as
a Director of Kent International Holdings, Inc. from 1998 through
September 30, 2008.
Dr. Bicksler resigned as a Director of Kent International
Holdings, Inc., the Company's 53.28% owned subsidiary effective
September 30, 2008.
Kent has 2,786,480 shares outstanding.
This release contains forward-looking statements which may
involve known and unknown risks, uncertainties and other factors
that may cause the Company's actual results and performance in
future periods to be materially different from any future results
or performance suggested by these statements. Kent Financial
Services cautions investors not to place undue reliance on
forward-looking statements, which speak only to management's
expectations on this date. Per share earnings reported in the text
of the news release are fully diluted earnings per share.
Direct Inquiries To: Paul O. Koether Chairman (908) 766-7221
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