VydroTech, Inc. Announces Removal of Ronn Maxwell From Board of Directors
03 May 2012 - 2:17AM
Marketwired
VydroTech, Inc. (formerly Ronn Motor Company) (PINKSHEETS: VYDR)
formerly (PINKSHEETS: RNNMD) (the "Company") announces the removal
of Ronn Maxwell from the Board of Directors.
Effective 5:00 PM, April 27, 2012, Ronn Maxwell has been removed
from his position as a member of the Board of Directors of the
Company. Mr. Maxwell was removed via a consent to action signed by
a majority of the Board of Directors of the Company, who together
have majority voting control over the Company on shareholder
matters.
"Ronn took a bold step last year in placing the future of the
Company in the hands of a new management team," said R J (Randy)
Pipkin, a member of the Board of Directors. "The team has
determined that it is now in the Company's best interests to move
forward with the Company's business plan without Ronn as a member
of the Board of Directors," added Randy Pipkin.
VydroTech, Inc. (PINKSHEETS: VYDR), formerly (PINKSHEETS: RNNMD)
(formerly the Ronn Motor Company), is a technology-driven design,
development and manufacturing company specializing in the creation
and delivery of innovative green products and related technologies
through green systems and green oriented engines for both
transportation and fixed platforms, located in Houston, Texas. For
more information about VydroTech, Inc., please visit our Web site
at http://www.vydrotech.com.
This press release contains forward-looking statements,
including information about management's view of the Company's
future expectations, plans and prospects. In particular, when used
in the preceding discussion, the words "believes," "expects,"
"intends," "plans," "anticipates," or "may," and similar
conditional expressions are intended to identify forward-looking
statements. Any statements made in this news release other than
those of historical fact, about an action, event or development,
are forward-looking statements. Such statements are based upon
assumptions that in the future may prove not to have been accurate
and are subject to significant risks and uncertainties. Although
the Company believes that the expectations reflected in the
forward-looking statements are reasonable, it can give no assurance
that its forward-looking statements will prove to be correct. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company.
Factors that could cause results to differ include, but are not
limited to, successful performance of internal plans, product or
services development and acceptance, the impact of competitive
services and pricing, or general economic risks and uncertainties.
Investors are cautioned that any forward-looking statements are not
guarantees of future performance and actual results or developments
may differ materially from those projected. The forward-looking
statements in this press release are made as of the date hereof.
The Company takes no obligation to update or correct (i) its own
forward-looking statements, except as required by law, or (ii)
those prepared by third parties that are not paid for by the
Company.
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