BELGIUM, Wisc., Dec. 1 /PRNewswire-FirstCall/ -- Mach One Corporation (Pink Sheets: MNCN), a biological solutions company that develops products that produce a positive long term benefit to the agricultural and consumer market, announced today that Mr. Tad Ballantyne will join the Company's Board of Directors effective upon the closing of the acquisition of Pacific Rim Foods by Mach One this month.
Mr. Ballantyne is an officer and/or director of a number of public and private companies and is an active participant within each of these companies.
Ballantyne is CEO and director of Hoopeston Foods Inc., a private company engaged in the shelf stable food processing business. Ballantyne is also an officer and director of Thomsen Group LLC a stainless steel equipment business in USA.
In the public sector, Ballantyne is a director and the audit chairman of Life Partners Holdings Inc a public company engaged in the financial services sector whose market value during his tenure has increased from $40 million to over $400 million. Ballantyne is also co-chairman of Zeehan Zinc Ltd. (a London Stock Exchange AIM listed company engaged in the metals and mining sector that recently received shareholder approval to accept a controlling interest from Creat Group -- a private company in China. Ballantyne is also a director of Empire Energy Corporation International a company engaged in the oil & gas sector.
Ballantyne received his degree in Business Management from The
Monte Tobin, President and CEO of Mach One, said, "We are thrilled to have someone with Tad's strong business and financial experience to join our Board. He brings a wealth of business contacts and strategy expertise that will be useful as we continue to execute on our business strategy. I feel that he is the strongest of all the assets being acquired in the Pacific Rim Foods deal."
Safe Harbor Statement
This press release contains forward-looking information. Readers are cautioned not to place undue reliance on any such forward-looking statements, each of which speaks only as of the date made. Such statements are subject to certain risks and uncertainties which are disclosed in the Company's SEC reports. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected. Readers are encouraged to view the Company's risks identified under the caption "Risk Factors" in the S-1 Registration Statement of the Company as Amended filed with the Securities and Exchange Commission on September 18, 2008.
|SOURCE Mach One Corporation|
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