SILVER SPRINGS, Md., Nov. 27, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Premier Products Group, Inc. (PMPG) (the "Company") is pleased to announce the appointment of two directors to its Board of Directors. The new directors are Mr. Jimmy Lee, CPA and Mr. Yun Bai. They will join Mr. Clifford Pope on the Company's Board.
The Company added the new directors to broaden its investor base and shift the Company's focus in a new direction in becoming an asset-based company with an emphasis on the purchase and leasing of cannabis properties and facilities in both medical and approved recreational in states where legal. In synergy with this direction, the new directors have knowledge and experience with Chinese and Malaysian investors who Mr. Lee states, "There is a lot of investors in China and Malaysia interested in investing in the US Cannabis markets, who are in favor of tangible investments such as land and other asset-based investments." Bringing on these two new directors will help to open the doors to this vast and expanding investor group.
"We are very excited to begin our journey in becoming a player in the development of the cannabis market focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state licensed operators for medical/recreational use Cannabis facilities", states CEO and Chairman of the Board Clifford Pope.
The New Directors information are as below:
Jimmy Lee, Director
Mr. Lee, age 35, graduated from University at Albany with a bachelor's degree in accounting, and received his CPA license in NY. Mr. Lee has years of experience in public accounting where he has worked for multiple public CPA firms in New York City. For more than 10 years, he has been involved in reverse mergers and IPOs for entities going public on NASDAQ, NYSE and OTC Markets. Since 2010, Mr. Lee manages his own CPA and advisory Firm providing accounting and advisory services to firms located in China and Malaysia. Mr. Lee as an enthusiastic entrepreneur, well versed with both US and Asia markets, and with expertise in going public, mergers and acquisitions brings great values to the firm.
Mr. Yun Bai, Director
Mr. Bai, age 49, graduated from Shenzhen University, majoring in international finance and trade in July 1989. He has served as Deputy Chief and Section Chief of Shenzhen Cereals, Oils and Foodstuffs Import and Export Corporation for 7 years. He was the general manager of Shenzhen Tianjin Industrial Co, Ltd Guangzhou Branch from July 1989 to December 1996, and the general manager of Guangdong Junyu Trade Development Co, Ltd. from November 1999 to October 2015. Mr. Bai has extensive business, operational and management experience specifically in project planning, investing, and financing.
About Premier Products Group Inc.
Premier Products Group Inc. (PMPG) is an early stage product development company.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, including, without limitation, statements that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development, may be seemed to be forward-looking statements. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analysis and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of the release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Source: Premier Products Group Inc