Rockelle (CE) (USOTC:RKLC)
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From Dec 2019 to Dec 2024
MILLER PLACE, N.Y., March 5 /PRNewswire-FirstCall/ -- Rockelle Corp. (OTC:RKLC) (BULLETIN BOARD: RKLC) , announces that the company has appointed a new President. Effective immediately, Dr. Fei Du, Ph.D., also known as Dr. Phillip DuPont, Ph. D., will assume the duties of President of Rockelle Corp. Gerard Stephan, Rockelle's founder, will continue in his capacity as CEO and Chairman of the Board.
As reported in Rockelle's last press release, Dr. Du accompanied Mr. Stephan on his recently concluded trade mission to China, to explore opportunities to expand the company beyond the food service industry. "Dr. Du's assistance during our recent trip to China has been immeasurable," said Mr. Stephan. "Dr. Du's influential business contacts and his knowledge of the country were instrumental to the success of our mission. Based on commitments Dr. Du was able to secure for Rockelle, we thought it would be in our shareholders' best interest to bring him on board in the capacity of President."
In exchange for his appointment as Rockelle's President, Dr. Du has accepted the responsibility for procuring importing contracts totaling $5 million in gross revenue dollars in his first twelve months. This responsibility increases to $7.5 million in gross contract revenue in the second twelve months of Dr. Du's presidency. Dr. Du has also committed to provide an infusion of $200,000 cash, or cash equivalent, to Rockelle within his first twelve months.
"I am very excited about the opportunity to assist Mr. Stephan in reshaping the focus of Rockelle," stated Dr. Du. "With my business contacts, I anticipate increased revenue coming into Rockelle."
Forward-Looking Statements
Statements released by Rockelle Corporation that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward- looking statements contained in this release.
CONTACT:
Investors:
Rockelle Corporation
Jerry Stephan
(631) 244-9841
Brokers:
Surety Financial Group, LLC
(410) 833-0078
DATASOURCE: Rockelle Corporation
CONTACT: Jerry Stephan of Rockelle Corporation, +1-631-244-9841; or
Brokers, Surety Financial Group, LLC, +1-410-833-0078