Republic of Texas Brands Incorporated (OTC Markets RTXB) names
Republic of Texas Brands Incorporated (OTC Markets RTXB) names Jerry Grisaffi as CEO
Barry Gore named as President, Laurence Briggs resigns as CEO and Director
DAS, May 29, 2012 - Republic of Texas Brands, Inc (RTXB) announced today that its board of directors has appointed Jerry Grisaffi as its new Chief Executive Officer and Barry Gore as President of RTXB. These leadership appointments are effective immediately and followed the decision of Laurence Briggs to step down as Chief Executive Officer and a director of the company.
“We are fortunate to have someone of Jerry and Barry’s caliber and experience to step up and lead RTXB,” said Mark Ussery, Vice Chairman of the Board. “We are pleased with renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead. Jerry and Barry are providing a new vision for RTXB and have implemented a plan to attract companies with a proven track record of execution to become part of RTXB. Furthermore, Jerry is the original founder and a member of RTXB’s board of directors and has a solid understanding of our products and markets.”
Grisaffi said, “I am honored and excited to lead RTXB. My first task was to find a person who sees the “true vision of what RTXB could be, and I found him.” Mr. Gore has changed the direction of the company from offering e?commerce food sales to providing food and beverage products to restaurants, grocers, mass merchandisers and distributors. Over the past 6 weeks, RTXB has signed Letters of Intent with three companies providing products to these types of customers, and is in the process of ‘repositioning” their product lines to increase sales utilizing its trademark and iconic logo, Republic of Texas Brands, Inc.
Speaking on behalf of the board, Ussery said, “We appreciate Laurence’s efforts and his service to RTXB since his appointment last year. Our new CEO Jerry Grisaffi, has the operational and communication skills and leadership abilities to deliver improved execution and financial performance.”
This press release contains forward?looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). Additionally, words such as “seek,” intend,” “believe,”“plan,” “estimate,” “expect,” “anticipate” and other similar expressions are forward?looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward?looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies and the impact of competition. Legends Foods Corporation does not undertake any duty nor does it intend to update the results of these forward?looking statements.
SOURCE Republic of Texas Brands, Inc.
Republic of Texas Brands, Inc.