Business veterans will assist in new business and bridge financing plans
SCOTTSDALE, Ariz., June 15, 2016 /PRNewswire/ -- Alan Smith, President and CEO of Mountain High Acquisitions Corp. (MYHI), is pleased to announce that a 'Think Tank' has been assembled to assist the Company in a comprehensive restructuring through development of new strategic business and bridge financing plans.
Led by Mr. William Yuan, former president and chairman of the Global Investment Allocation Committee for Merrill Lynch Asset Management Asia, the Think Tank initially includes five other highly experienced individuals with impeccable business credentials as outlined in their bios below: John Abraham, Randall Mills, Vince Vazquez, Franco Simplicio and Mark R. Moskowitz, Esq. It is currently contemplated that these initial members will be joined over time by others with diverse and complementary backgrounds. However, in each case, their willingness to do so will be subject to, among other things, the Company's receipt of working capital in amounts determined by the Think Tank as necessary for the successful completion of the Think Tank's tasks and to move the Company forward in accordance with the plans developed as well.
All six of the named individuals have expressed their support for the new technologies with healthcare industry applications currently under consideration for licensing on an exclusive basis by the Company as well as further development of marketing initiatives for Greenlife Botanix, the Company's wholly-owned subsidiary. On an interim basis, the present officers and directors intend to work through the Think Tank on the development of a new business plan focused on the healthcare industry and the successful completion of a bridge financing, both of which are among the aforementioned conditions precedent to the contemplated restructuring and the assumption by the named individuals of their new positions. Consummation of the necessary bridge financing will facilitate the development of new products utilizing new licensed technology, which is a prerequisite to the establishment of advantageous manufacturing relationships.
While the proposed new Think Tank members are currently optimistic that they will be able to accomplish their initial objectives, as well as to bring on additional experienced board members and officers if deemed beneficial, there can be no assurance that they will be successful, or that the contemplated restructuring will occur.
Mr. Yuan was most recently Chairman and CEO of Fortress Hill Holdings, an Asian-based investment banking firm. With 23 years in global finance experience, he has served as a key strategist and advisor to international institutions. US companies advised by Mr. Yuan include, Amgen Corp., Biogen, GE Capital, Warner Brothers Studios, and Fox News. He has also guided such leading Asian institutions as Sina.com, Shanghai Petrochemicals, Jinlia Pharmaceutical and Tsingtao Beer Corp.
In 1995, Mr. Yuan led Merrill Lynch Asset Management Asia, and managed one of the largest pension/retirement funds in the world, with a $488 billion portfolio under his leadership. Simultaneously, he was chairman and portfolio manager of the $1.2 billion AmerAsia Hedge Fund. In 1993, he was the founder and managing director of the Corporate Institutional Services Group at Merrill Lynch Asset Management. Prior to that, Mr. Yuan served as a senior-vice president and co-manager at Morgan Stanley Smith Barney's Portfolio Management Corporation with dual functions as co-head of the Capital Markets Derivative team, and Chairman of the Technology Investment Management and Executive Policy Committee. He began his finance career at Goldman Sachs in 1983 as an investment banker in Mergers & Acquisitions.
Mr. Yuan is a member of the International Who's Who of Finance, Technology, Media and Telecom. He holds a BS in Economics from Cornell University and attended Harvard University's John F. Kennedy School as a Mason Fellow.
John Abraham has over 15 years of working experience in the media industry, using the latest techniques to bring effective marketing solutions to new and established brands. John has a quantifiable track record of success building, training and running national sales organizations from the ground up and additional experience in running campaign management teams and supporting marketing departments.
John has been responsible for the exponential growth of year-over-year revenues for multiple media and technology organizations and is experienced in opening sales and marketing organizations for new initiatives.
Some examples of John's successes include launching the ecommerce site for Columbia House on Yahoo and assisting Netflix with the launch of a cost per action (CPA) campaign using targeted and contextual marketing techniques to gain subscribers.
John is proficient with ad-serving (the technology and service that places advertisements on web sites), affiliate marketing, email campaigns, mobile marketing, social media and search engine marketing techniques.
Randall Mills is a seasoned executive in the technology industry and is currently employed as the Chief Operations Officer (COO) of Netcare Now. Randall was the CEO of Virtual Medical Offices, which was acquired by an investment group that has majority ownership in Netcare Now. Randall also served as COO of CallMD for over 8 years and Chief Information Officer (CIO) at Axes Technologies.
Randall worked for Citigroup for over 10 years. He retired as Director of Decision Sciences for CitiCapital, a division of Citigroup, and a member of the Citigroup Credit Committee. Randall was recruited by Associates First Capital and was involved in initiating an IPO for The Associates, which was acquired by Citigroup. He also served in various information technology positions over his 10-year employment at Atlantic Richfield's ARCO Oil and Gas. He was a member of the ARCO management team that initiated an IPO for Vastar Oil and Gas that was then sold to British Petroleum.
Randall received an MBA from the University of Texas at Dallas (UTD) and a Bachelor of Science degree in Information Systems Management from Missouri State University. Randall was presented the UTD MBA leadership award in 2005 and served as President of the UTD Alumni Association in 2001.
Randall's current passion is using technology to advance the services provided in the healthcare industry.
Vince Vazquez brings to the Company over 30 years of progressive experience in finance and operations management within startups and global organizations. With his strong suits in developing and implementing financial controls and processes that drive operational efficiencies and productivity, Vince played a key role as CFO of Chrysalis Health in doubling revenues within 4 years, while dramatically increasing the bottom line for the behavioral health agency.
Vince's expertise in positioning companies for growth by scaling infrastructures and developing viable financial models is evidenced by over 20 years of combined experience consulting on and leading companies in formulating business strategies centered on generating recurring revenue streams with consistent ROI, identifying business lines and distribution channels, and opening new marketing channels through strategic alliances.
Among his achievements is Vince's role in a telecommunications milestone for the South Florida region, when he founded the first local internet service provider to offer "Triple Play" bundling service (Voice, Internet and Video content). As CEO and founder, he led operations and strategic direction with full responsibility for bottom line factors, ranging from long range business model planning to local product management and software development processes. Mr. Vazquez directed all operations for installation and service provisioning of infrastructure and was responsible for driving disciplined growth and strength controls through his implementation and oversight of a high performing financial team.
Prior to this, Mr. Vazquez was responsible for driving strategic vision as executive team member and collaborator of technology start-ups, encompassing internet infrastructure, security, software, technology management, and media content. In his time with DSLi Corp. he produced strategies to improve client service levels for a large subscriber base, maximize capital expense ROI, and control costs. In this time, Vince devised a unique help desk solution that elevated call close ratings to 90% with data integration, CRM and electronic document management system.
Vince possesses impressive ability to streamline business operations that drive growth and increase efficiency and bottom-line profit. His experience in financial executive leadership, developing and implementing financial forecast models and growth strategies in diverse business categories, along with his vast expertise in global technologies makes Vince a valuable asset to the Think Tank for MYHI.
Franco Simplicio brings extensive business experience as well as first-hand knowledge of the pharmaceutical business to MYHI. Since 1989, Franco has owned and successfully operated several businesses in the real estate and food and beverage industries in Southern California. Prior to this time, Franco worked as a clinical pharmacist at Valley Presbyterian Hospital for 3 years and started a pharmacy business, Hastings Pharmacy in Pasadena, where he took care of multiple convalescent hospitals and all of their pharmaceutical needs.
Franco holds a degree in Environmental Engineering (UCLA, 1975) and a Doctor of Pharmacy Degree, Clinical Pharmacy (USC, 1980).
Mark R. Moskowitz
Mr. Moskowitz, a Harvard Law School graduate and a former Editor of the Harvard Law Review, has practiced corporate and securities law in Los Angeles for over 40 years for a number of major firms, representing a diverse client base, and is currently a member of the California Bar. He is expected to serve as Secretary of the company if the requisite funding is obtained and if the tasks identified by the Think Tank are successfully completed.
Disclaimer/Safe Harbor:This Mountain High Acquisitions Corp. news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company's contracts, the Company’s ability to raise sufficient development and working capital, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur as planned or at all. The Company does not and will not grow, harvest, distribute, or sell cannabis or any substances that violate United States law or the Controlled Substances Act, nor does it intend to do so in the future.
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