Mentor Capital, Inc. (OTCQB: MNTR) announced it has appointed Ms. Lori
Stansfield, CPA to its Board of Directors effective immediately. Ms.
Stansfield will now also add the corporate officer title of Treasurer to
her operating role as company CFO. “In addition to comprehensive CFO
responsibilities, one strategic function of Mentor Capital that Ms.
Stansfield will focus on is to ready future portfolio companies to be
spun off as standalone public companies,” says Mentor Capital CEO, Chet
Billingsley. “Central to Mentor’s public incubator role is ensuring
cannabis companies we work with have pristine GAAP and SEC compliant
financial statements that they will need to become public themselves. As
a former Director of Audit Services, Ms. Stansfield is eminently
qualified to oversee this process and her authority is strengthened as a
director and corporate officer.”
Ms. Stansfield will be replacing long-time director, businessman and
major shareholder, Mr. James Blazeck, on the board as Mr. Blazeck
prepares for extended international work incompatible with normal board
communications.
About Mentor Capital: The Company seeks to take significant
positions in medical marijuana and cannabis companies to provide public
market liquidity for founders, protection for investors and to incubate
private cannabis companies that have the potential to be spun off as
stand-alone pubic companies. Additional important information for
investors is presented at: www.MentorCapital.com.
This press release is neither an offer to sell, nor a solicitation of
offers to purchase, securities.
Forward Looking Statements: This press release contains
forward-looking statements within the meaning of the federal securities
laws, including statements concerning financial projections, financing
activities, corporate combinations, product development activities and
sales and licensing activities. Such forward-looking statements
are not guarantees of future results or performance, are sometimes
identified by words of condition such as “should,” “could,” “expects,”
“may,” “intends,” “seeks,” “looks,” “moves,” or “plans” and are subject
to a number of risks and uncertainties, known and unknown, that could
cause actual results to differ materially from those intended or
anticipated. Such risks include, without limitation:
nonperformance of investments, partner and portfolio difficulties,
potential delays in marketing and sales, problems securing the necessary
financing to continue operations, problems involving continued
illegality of cannabis products, potential of competitive
products, services, and technologies, difficulties experienced in
product development, in recruiting knowledgeable personnel and in
protecting intellectual property. Further information concerning
these and other risks is included in the Company’s 10K filing which,
along with other very important information about the Company, can be
found here:
http://mentorcapital.com/disclosures/
The Company undertakes no obligation to update or revise such
forward-looking statements to reflect new information, events or
circumstances occurring after the date of this press release.
Copyright Business Wire 2015