Westlin (CE) (USOTC:WSTN)
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From Aug 2019 to Aug 2024
Westlin Corporation (Pink Sheets:WSTN) announced today
that the final departure agreements with former management have been
completed. In summary, the changes include:
-- Final settlement with John Jarvis and agreements for dismissal
of all mutual lawsuits
-- Settlement and departure of Peter Rospond
-- Return of 26,550,000 shares from Jarvis and Rospond to the
treasury
-- Transfer of the web properties including Ikonboard, Top Site
Lists, wwwresources, myikonboard, and howabout.net to Jarvis
-- David Herr will assume the role of President
-- John Foster, CPA will operate as Chief Financial Officer
-- Several new board members will be announced shortly
-- The annual shareholders meeting will be announced shortly to
be held in Montgomery, Texas in December
-- Commitment from management and the board to move the company
to fully reporting status
These changes will finally allow Westlin Corporation to focus on
its core business without the distractions of legal matters. "I'm
pleased that these agreements have finally been completed," stated
David Herr. "We can now move forward with our carrier partnerships to
move customers into the bunker and execute our business plan to
provide Disaster Recovery and Business Continuity services. The Bunker
offers a unique opportunity for businesses to protect their critical
data, after the most active hurricane season on record in the Gulf
Coast DR and BCP services are in the forefront of most business IT
topics."
About Westlin Corporation
Based in Houston, Texas, Westlin Corporation (Pink Sheets:WSTN) is
an Internet technology company engaged in Disaster Recovery and
Business Continuity business lines. Its operation, located in a former
Nuclear Fallout Shelter provides one of the most secure environments
for on-line and near-line data storage, safe from natural disasters
and terrorist acts. The Westlin Corp.'s web site is www.westlin.com.
Forward-Looking Statements: Except for historical information
contained herein, statements are forward-looking statements that are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve
known and unknown risks and uncertainties, which may cause the
company's actual results in the future periods to differ materially
from forecasted projections. These risks and uncertainties include,
among other things, energy market volatility, product demand, market
competition, and risk inherent to the company's research and
development operations.