The Automotive Resource
Network Holding, Inc. announces change in
management
Fort Lauderdale, FL -- March 27, 2017 -- InvestorsHub NewsWire --
Effective March 24 th 2017, Mr. Mark Solomon has tendered his
resignation as CEO from The Automotive Resource Network Holdings,
Inc. (OTC.PK:
ARNH). Mr. David Failla replaces Mr. Solomon as Interim CEO.
The company thanks Mr. Solomon for his service and wishes him
well in future endeavors.
The company welcomes Mr. Failla to the organization and looks
forward to working with him as he begins the task of
satisfying OTC requirements. Mr. Failla says “I’m excited to work
with ARNH and look forward to quickly bring our filings
current, while evaluating acquisition opportunities”.
David Failla has over 30 years of experience predominantly in the
food service industry. His experience includes: multi-unit
food service operations, frozen food distribution and over
five years of accounting and administrative experience with
public companies. Mr. Failla holds a BS in Accounting from
Kutztown University in Kutztown, PA.
About The Automotive Resource Network Holdings, Inc. (ARNH)
The Automotive Resource Network Holdings, Inc. is a holding company
trading on OTC Pink Sheets Market under the symbol/ ticker
ARNH. Initially the company started out as a FOREX trading
platform, the company was then sold. The business model had
changed to focus on automotive service insurance contracts. It
was to be marketed through Multi-Level Marketing channels. That
business model failed and resulted in several lawsuits being filed
against the company. For the past five years, the company has been
in litigation, and earlier this year it’s third and final lawsuit
was dismissed. The majority shareholder has been keeping the
company viable. Now that all litigation is over, the company looks
forward to interact with shareholders and creditors. At the same
time, pursuing acquisition targets.
DISCLAIMER
This press release contains statements that are "Forward-Looking"
in nature (within the meaning of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended). All statements regarding the Company's financial
position, potential, business strategy, plans and objectives for
future operations are Forward-Looking statements. Many of these
statements contain words such as "goal," "aims," "may," "expect,"
"believe," "intend," "anticipate," "estimate," "continue," "would,"
"exceed," "should," "steady," "plan," "potential," "dramatic," and
variations of such words and similar expressions identify
Forward-Looking statements, but their absence does not mean that a
statement is not a Forward-Looking statement. Because
Forward-Looking statements involve future risks and uncertainties,
there are many factors that could cause actual results to differ
materially from those expressed or implied. The Company cannot
predict the actual effect these factors will have on its results
and many of the factors and their effects are beyond the Company's
control. Any forward-looking statement made by the Company speaks
only as of the date on which it is made. The Company is under no
obligation to, and expressly disclaims any obligation to, update or
alter its forward-looking statements, whether as a result of new
information, subsequent events or otherwise. Given these
uncertainties, you should not rely too heavily on these
forward-looking statements.
David Failla
CEO
The Automotive Resource Network Holdings Inc.
(754) 202-1319