SURREY, BC, Dec. 12, 2013 /CNW/ - CNSX: AAF / Frankfurt: ANI / ARRIS HOLDINGS INC. ("Arris" or the
"Company") is pleased to announce that Mr. Charles Larsen has joined its board of
directors, replacing Mr. Jack Bal who has agreed to step down. Mr.
Larsen will also be replacing Ms. Sandy Janda as President and Chief
Executive Officer. Ms. Janda will remain on the board as an
Arris is launching a new subsidiary to focus on developing projects in
the Hemp industry. Mr. Larsen will head this new subsidiary as well as
Arris Holdings Inc. Mr. Larsen brings to Arris a great deal of
experience and expertise in the Hemp industry. The appointment of Mr. Larsen to the board marks the beginning of a new
era for Arris. The Company will immediately begin shifting its business
model to focus on the emerging global hemp industry. This industry is
poised for rapid growth in 2014 and beyond. The current global hemp
market is currently estimated to be only $500-600 million with the
potential however to grow tenfold in the next 3-5 years.
Arris will hold its Annual General Meeting on February 7, 2014 at which
time shareholders will be requested to vote on a proposed name change
to Global Hemp Group, Inc. and on a 5 for 1 forward stock split.
"I am looking forward to working with the Arris team which will soon be
expanded with the addition of several business, political, and
scientific experts as the Company moves forward into this rapidly
emerging industry. Hemp has broad applications across all sectors and
industries and is one of the most underutilized commodities in the
world. Global Hemp Group, Inc. will create vertical integration all
along the supply chain, helping this global industry expand at a rapid
pace, with strength and stability, while creating jobs, generating
taxable revenue and improving the environment.", said Mr. Larsen.
Mr. Larsen has more than 30 years of experience working in government,
public, private and start-up companies as an executive manager. He has
experience in high volume securities trading; corporate and public
debt, equities, options and futures, as well as being an experienced
portfolio manager, securities trader and C level executive. Mr. Larsen
has been involved in the highest levels of strategic planning, mergers
& acquisitions, financial and operational restructuring, public and
private corporate finance, governance and compliance. He has proven
track record of success at every level of business management. Mr.
Larsen is Chairman of the Advisory Board for the Hemp Industrial
Innovation Institute (www.Hemp-iii.org) and he is an advisor to the North American Industrial Hemp Council (www.NAIHC.org).
On behalf of the board
This press release, required by applicable Canadian laws, is not for
distribution to U.S. news services or for dissemination in the United
States, and does not constitute an offer of the securities described
herein. These securities have not been registered under the United
States Securities Act of 1933, as amended, or any state securities
laws, and may not be offered or sold in the United States or to U.S.
persons unless registered or unless an exemption from such registration
Forward Looking Statements - Certain information set forth in this news
release may contain forward-looking statements that involve substantial
known and unknown risks and uncertainties. These forward-looking
statements are subject to numerous risks and uncertainties, certain of
which are beyond the control of the Company, including, but not limited
to the impact of general economic conditions, industry conditions,
volatility of commodity prices, currency fluctuations, dependence upon
regulatory approvals, the availability of future financing and
exploration risk. Readers are cautioned that the assumptions used in
the preparation of such information, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such, undue
reliance should not be placed on forward-looking statements.
The CNSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
SOURCE: Arris Holdings Inc.
For further information:
1-604-592-6881 or 1-877-469-HEMP (4367)