NEW YORK, May 07, 2018 (GLOBE NEWSWIRE) -- Williamsville Sears Management, Inc. (OTC Pink:WSML) (“WSML” or the “Company”) today announced the appointment of Kent A. D. Clark as the new chair of Williamsville Sears’ board of directors effective June 1, 2018 following the company’s extraordinary Board meeting on April 25, 2018.
Mandla J. Gwadiso, Founder of Williamsville Sears Management, Inc., stated, “I have played my part very well and today Williamsville Sears is a public company, at the end of the month I will hand over the reigns to the capable hands of Kent Clark and I know that under his leadership the Company will continue on the already established growth trajectory and most importantly uphold my ideals and convictions that are the blueprint of our corporate DNA.”
Kent will succeed Mandla J. Gwadiso, who is retiring from the board after founding the Company and leaded the successful transition to the public markets. Kent who is current serving as the Vice-Chairman of Williamsville Sears will also be succeeded by David Smith as new Vice-Chairman and David Smith is currently a member of the Board of the Company.
“I want to extend our most sincere thanks to our Founder, MJ Gwadiso for his immense contributions during his tenure at Williamsville Sears Management, Inc. He hands over the Company having led its great initial performance, structural and business transformation, and MJ will assist me with the seamless transition. With WSML’s unique geographic footprint, and a strong push on our diverse agenda to better serve our global partners, we are well positioned to compete, grow and prosper in the markets we serve. I look forward to working even closer with another great leader Mr. David Smith as my Vice-Chairman and with the awesome WSML management team to continue building upon our strong foundations and find further opportunities to unlock value for our wonderful and inspiring shareholders.” I also welcome the opportunity to serve and lead WSML as Chairman into the future said Kent A. D. Clark.
David Smith, incoming Vice-Chairman of Williamsville Sears Management, Inc., also stated, “I am honored and excited to have been offered the Vice-Chairman position. I truly look forward to working with our new Chairman, Mr. Kent Clark, the extremely experienced Board of Directors and the talented management team at Williamsville Sears Management, Inc. We are certainly poised to take great advantage of the many opportunities to expand our footprint and gain strength in the particular markets we serve.”
About Williamsville Sears Management Inc.
Williamsville Sears Management is a diversified holding corporation that was formed by Mandla J. Gwadiso. The group operates its own assets through a range of subsidiary companies up under its purview. The group’s primary focus is in real estate, mining, media, transportation, entertainment and technology. The group uses vertical integration as a strategy of diversification and growth. The group plans to grow through acquisitions in Africa, United Kingdom and the United States.
Williamsville Sears Management actively seeks a select portfolio of high-calibre strategic subsidiaries which it acquires based on market trends and their ability to deliver strong returns to shareholders whilst enhancing the communities in which the investments are located. www.williamsville.us
Forward-Looking Information:
Cautionary Note:
The statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry as well as political and economic conditions present within the industry. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.
For more information:
Tel:+ 1-212-709-8206
Fax:+1-212-943-2300