TAUTACHROME Inc. Announces timely resignations and reappointments of board members
November 14 2016 - 8:00AM
Tautachrome, Inc. (OTC-PINK:TTCM) today announced the resignations
of its Australian board members and their reappointment to board
positions on Tautachrome’s wholly owned Australian subsidiaries
Polybia Studios, Pty Ltd and PhotoSweep, Pty Ltd.
The Australian directors of Tautachrome, Inc.
Micheal Nugent, Robert McClelland and Patrick Green have resigned
from the board of directors and officer positions of Tautachrome
Inc. effective today. Mr. McClelland and Mr. Green have been
reappointed as directors of Tautachrome’s Australian subsidiaries
Polybia Studios, Pty Ltd and PhotoSweep, Pty Ltd, to continue the
development of those subsidiary companies, which appointments are
also effective today. Mr. Nugent will assist in the transition
period particularly with the Appquisitions work on foot and remains
committed to Tautachrome should the need arise. Mr. Nugent is
currently CEO of Novagen Ingenium, Inc. (PINK NOVZ) and wishes to
devote more time and energy to Novagen’s engine development and
related transport activity.
Under the joint board of directors Tautachrome
realized an increase in market cap from $1million to an average of
$50million with peaks of over $100million during the tenure of the
mixed board.
“Bringing Tautachrome to the market with Dr.
Leonard and his associates has been an exceptional experience and
the time has now come where the Board of Directors needs to reflect
the skill sets of Tautachrome’s primary business” said Micheal
Nugent, former CEO and CAO. “Our background is primarily heavy
engineering and given the importance of Tautachrome’s intellectual
property, it is time for experts in that field to become the
drivers”.
“From the moment of the merger on May 21, 2015
of the private company Click Evidence, Inc. (which was divested by
Tautachrome Inc. on November 25, 2015) and the public company
Roadships Holdings, Inc (RDSH) to form Tautachrome, Inc. the
synergy among all the directors from both companies has been an
amazing success,” Dr. Jon N Leonard, Tautachrome CEO said today,
and continued to say “The business skills contributed by the
Australian directors have been absolutely vital and essential to
building the vibrant vision and technical presence of today’s
Tautachrome.”
“As we now go forward with Tautachrome and its flagship KlickZie
technology, working on mission critical areas and applying the
correct skill sets at the correct time will set the foundation of
our success,” Dr. Leonard added.
About Tautachrome, Inc.
Tautachrome, Inc. (OTC-PINK:TTCM) is an emerging
growth company in the developing digital imagery technology
sector. Tautachrome is an Internet technology development
company with operations in America and Australia. Tautachrome has
revolutionary patents pending, including Talk-to-the-Picture social
networking and trustable imagery-based interaction.
Safe Harbor Statement Statements made in this
press release are forward-looking and are made pursuant to the safe
harbor provisions of the Securities Litigation Reform Act of 1995.
Risk factors that could cause actual results to differ materially
from those projected in forward-looking statements include, but are
not limited to, general business conditions, managing growth, and
political and other business risks. All forward-looking statements
are expressly qualified in their entirety by this paragraph and the
risks and other factors detailed in Tautachrome's reports filed
with the Securities and Exchange Commission. Tautachrome undertakes
no duty to update these forward-looking statements.
Contact: Tautachrome, Inc.
Tel: +1 520 318 5578
Web: www.tautachrome.com
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