Consolidation Services Inc. Announces Results of Annual Shareholder
Meeting
LAS VEGAS, Dec. 3, 2012 /PRNewswire/ -- Consolidation
Services Inc. ("CNSV" or the "Company") (OTCBB: CNSV) announced
that at its Annual Shareholder Meeting held on November 30, 2012, its shareholders approved all
matters set forth in the Notice of Meeting dated October 25, 2012, including: (i) the proposal to
amend Article 4 of the Company's Certificate of Incorporation to
effect a reverse split of the outstanding shares of the Company's
common stock, in a ratio of one share for every four shares
outstanding, and to transfer ownership and title of the Company's
existing oil and gas assets and operations into a to-be-formed
wholly-owned subsidiary of the Company; and (ii) the proposal to
grant authorization to the Board of Directors to amend Article I of
the Certificate of Incorporation and change the Company's corporate
name.
In addition to re-electing two incumbent Directors, Mr.
Gary Kucher and Mr. Richard S. Polep, the shareholders also elected
two new Directors to the Board; Ambassador Michael Ussery (Ret) and Mr. Roy R. Tashi, OAM.
Gary
Kucher, the Company's CEO, stated, "I would first like to
thank our shareholders for their continued support. I believe that
the international experience of our new Board Members will better
equip Consolidation Services to identify prime business
opportunities in rapidly expanding emerging markets, around the
globe. Mr. Tashi and Mr. Ussery share a particular interest in the
growth potential of the natural resource driven economy of
Mongolia, among other
places."
About Ambassador Michael
Ussery (Ret):
Since 1992, former U.S. Ambassador Michael Ussery has led major investments and
other business development and humanitarian projects in
East Europe, the Mid-East,
East Asia, and the Caribbean.
Over the past 20 years, Mr. Ussery has served as an
international advisor to eight governments and more than 75
corporations and non-profit organizations. Mr. Ussery is a founder
of eight companies and four non-profit organizations, and he has
led the planning to create American universities in developing
countries.
In the U.S., Mr. Ussery serves on the Board of Directors of Safi
Apparel and Reviresco Corporation. He is Chairman of the Advisory
Board of CalErin Group Investment Fund and serves on the advisory
boards of the Mongolia Fund and Pax Mondial. Previously he served
on the board of directors of Terocelo Telecommunications, D'Sal
Inc., Safe Security and Dignity Products.
Mr. Ussery has been a co-founder and active partner of InfoMed
Bulgaria, Medica Bulgaria, Netcare Bulgaria, and Balkan Land.
Companies he presently advises include Cold Brook Capital and
General Dynamics.
Previously, he was appointed by the Governor of Virginia as Commissioner of Vint Hill Economic
Development Authority; and was co-founder and Advisory Chairman of
the Romania Moldova Direct Fund.
Mr. Ussery was a pro bono spokesman for the U.S. Committee on
Refugees & Immigration 2008 - 2010 campaign to end the
global practice of "warehousing" refugees. Mr. Ussery was opening
speaker 2010 at the 7th annual "Beijing Forum" on international
development.
In international education, Mr. Ussery is Chairman and President
of the Council for American Universities Abroad, presently planning
universities in Mongolia,
Albania and Romania, and assisting universities overseas
and education ministries. He was Chairman and President 2002 -
2006 of the Coordinating Council for International Universities
that planned the American University of
Afghanistan.
Michael Ussery was appointed by
President Reagan on December 22, 1988
to be U.S. Ambassador to Morocco,
at that time the youngest U.S. Ambassador. He was re-appointed by
President Bush and confirmed unanimously by the U.S. Senate, at
post until January 1992, leading an
embassy of 800 personnel.
Mr. Ussery served at U.S. Department of State 1981 - 1992,
including Deputy Assistant Secretary of the Near East and South
Asia Bureau; Chairman of the twelve-agency Libya Task Force during
the U.S.- Libya confrontation,
White House Liaison, and Director for Congress and the Media in the
International Organizations Bureau. In 1988 he left State to serve
as Senior Advisor and Deputy to the Campaign Manager of the
Bush - Quayle Campaign.
Mr. Ussery began his career in political management in
Georgia and South Carolina, and came to Washington as Chief of Staff to U.S.
Congressman Carroll Campbell. He is
a graduate of Newberry College, where
he was honored as Commencement Speaker in 1991.
About Roy R. Tashi,
OAM:
Since November 2010, Mr. Tashi has
focused on managing a personal portfolio of investments in domestic
and international private equity and property development. From
April 2009 to October 2010, he served as Executive Chairman of
Geneva-based Helvetica Wealth
Management Partner's Australian subsidiary and was on the Advisory
Board of the Geneva based parent
company. Helvetica's investment product range included traditional
long-only funds, funds of hedge funds, thematic funds and real
estate investments with total funds under management peaking at
over $4.5 billion. Mr. Tashi has
established and operated several businesses in various sectors
including manufacturing, distribution, importing, exporting and
trading.
Mr. Tashi is co-founder of the Mongolia Fund and serves as its
Executive Director. He has extensive experience in establishing,
building and developing a variety of businesses in various sectors
including manufacturing, distribution, importing, exporting and
trading. He has focused on private equity investments where he
added value as a director or serving on the advisory board
assisting in developing strategy and overseeing the drive for
growth. He has been involved in both private and public companies
and continues to serve as a director on a number of companies. Mr.
Tashi has also been involved in property development in
Australia and the United States. Whilst based in
Australia, his experience extends
to Asia, Europe and the
United States.
Mr. Tashi has been active in business for over 48 years and has
been involved in communal not-for-profit organizations for over 30
years. He was awarded the Order of Australia Medal ("OAM") for
services to the community specifically in Aged Care and
Education.
About CNSV:
Founded in 2007 and based in Las
Vegas, Nevada, Consolidation Services is engaged in the
acquisition, operation and development of natural resources. Since
formation and until 2010, the Company had primarily focused on its
mining operations in Tennessee,
which were subsequently spun off to its shareholders as a dividend.
The Company currently operates oil and gas wells and owns oil and
gas mineral rights on approximately 13,500 acres in eastern
Kentucky and Tennessee. Consolidation Services is
attempting to build shareholder value through further acquisitions
and development of natural resources, internationally.
For more information, please visit:
http://consolidation-services.com
Forward Looking Statement:
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, and under the 'safe harbor' provisions of the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical facts included in this press release are
forward-looking statements. Without limiting the foregoing, the
words "believe," "anticipate," "plan," "expect," "seek,"
"potential", "estimate" and similar expressions are intended to
identify forward-looking statements. These statements relate to
future events or to the Company's future financial performance, and
involve known and unknown risks, uncertainties and other factors
that may cause our actual results, levels of activity, performance
or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. Investors should not
place any undue reliance on forward-looking statements since they
involve known and unknown uncertainties and other factors which
are, in some cases, beyond the Company's control which could, and
likely will, materially affect actual results, levels of activity,
performance or achievements.
Any forward-looking statement reflects the Company's current
views with respect to future events and is subject to these and
other risks, uncertainties and assumptions relating to operations,
results of operations, growth strategy and liquidity. Such risks,
uncertainties and other factors which could impact the Company and
the forward-looking statements contained herein are included in the
Company's filings with the Securities and Exchange Commission. The
Company assumes no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future.
SOURCE Consolidation Services, Inc.