ML Capital Group Announces Management Change

Date : 04/01/2016 @ 3:00PM
Source : Access Wire
Stock : ML Capital Group Inc. (MLCG)
Quote : 0.05  0.0 (0.00%) @ 1:06PM

ML Capital Group Announces Management Change

MIAMI, FL / ACCESSWIRE / April 1, 2016 / ML Capital Group Inc., (PINKSHEETS: MLCG): ML Capital Group Inc. would like to inform its valued shareholders that it has accepted Ms. Lisa Nelson's resignation as CEO and Chairman of the Board. The Company would like to thank Ms. Nelson for her time and devotion to the Company and wishes her well in her future endeavors.

The Company is pleased to announce that Mr. Kevin Bobryk has accepted the positions of CEO and Chairman of the Board. Mr. Bobryk intends to usher the Company into a new phase of growth and development through targeted acquisitions. Mr. Bobryk is known as a reputable leader and strategic developer with a successful background orchestrating start-ups as well as elevating organizational performance through skillful restructuring. These skills are invaluable in bringing the Company's financial and disclosure reporting requirements back to current status quickly.

"Currently, we are in the process of adjusting the Company's capital share structure to ensure that excessive dilution will not be a factor which occurs moving forward," says Mr. Bobryk. "Additionally, the Company would like to address shareholder concerns and confirm that there is no intention of effecting a reverse split currently or in the foreseeable future."

Safe Harbor: 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 approval for anticipated actions.

ML Capital Group Inc.

Contact Person: Kevin Bobryk
Contact Email:

SOURCE: ML Capital Group Inc.

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