DEL MAR, Calif., Nov. 30 /PRNewswire-FirstCall/ -- American Diversified Holdings Corporation (Pink Sheets: ADHC) is pleased to announce the appointment of Howard M. McEldowney as an independent director to the Company's Board of Directors. Mr. McEldowney, whose investment career spans over a 40 year period starting at the Chemical Bank in New York City and subsequently a founding partner of Harris, Bretall & McEldowney, San Francisco, an institutional money manager and finally a twenty year stint as Chairman, Franklin Templeton Asset Management, the San Mateo, CA based NYSE listed mutual fund manager. Mr. McEldowney, who holds an undergraduate degree and an MBA from Harvard University is currently a private money manager based in Berkeley, CA.
Ernest B. Remo, Chairman/CEO of ADHC says that "the addition of Mr. McEldowney whose broad analysis and investment skills will be invaluable to the future of the Company in evaluating potential acquisitions and ventures in implementing its growth strategy. We are very excited about having a person of Mr. McEldowney's experience on our Board."
American Diversified Holdings Corporation is a publicly traded holding company headquartered in Del Mar, California engaged in developing innovative technologies in the life science sector with the primary emphasis in the stem cell arena. The Enterprise was formed for the express purpose of investing in and acquiring privately held, fast growing companies with established business models that are within a few quarters of profitability. American Diversified Holdings Corporation targets these specific types of companies allowing ADHC to purchase these entities at a significant valuation discount to the public market and then provide the funding necessary for these acquisitions to achieve maximum profit potential using the public equity markets without impairing their balance sheets.
This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. This press release in no way constitutes any recommendation regarding the securities of ADHC or its affiliates. Any person reading this press release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of ADHC, and no inference has been made that this release contains all such information.
SOURCE American Diversified Holdings Corporation
|SOURCE American Diversified Holdings Corporation|
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