Effective April 21, 2016, Ms. Elise Eggett resigned as a Director of the Company. A copy of her resignation letter is attached.

Pursuant to an April 22, 2016 Consent of all Directors, the Company has made changes to its senior management. Mr. James Place has become President, in addition to his position as Secretary-Treasurer, Chief Financial Officer and Director. Mr. Carl Palmer has once again become Chief Executive Officer and Director. Messrs. Place and Palmer have agreed to co-manage the operations of the Company.

The Board of the Company has elected Ms. Cari Beck, Trustee of the TAM Trust, to the Board of Directors and has agreed to add an outside director in the near future to comply with SOX best practices.

 

From 1992-2002, Cari Beck worked as the production coordinator for Krystal Enterprises, one of the largest limousine manufacturers in the world.  During her time at Krystal Enterprises, Ms. Beck worked collaboratively with major US auto manufacturers to purchase chassis for limousine production.  She was responsible for coordinating all aspects of production and accounts receivable to ensure timely delivery and satisfaction to the customer.  She was instrumental in coordinating the preparation, organization and set up for all quarterly trade shows.  Ms. Beck worked directly with the Executive Vice President handling the company's national accounts and maintaining inventory levels on all finished products. During her tenure, Krystal Enterprises grew from a company producing 20 vehicles to 150 monthly. For the past seven years Ms. Beck has consulted for Seychelle, with a focus on manufacturing, assembly and process control.