Swan Group of Companies Inc.
Swan Group of Companies Inc.: Management Change at SWAN Group of Companies, Inc.
Swan Group of Companies Inc. / Change of Personnel Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Deerfield Beach, (USA) / Frankfurt (Germany), March 9th, 2009 - SWAN Group of Companies, Inc. (OTC: SWNG; 'SWAN Group' or the 'Company') announces the resignation of Michael L. Berresheim from all of his positions with the company with effective date 1st February 2009. Mr. Berresheim will focus his activities on his former field of activities - the entertainment business in order to develop new projects with full dedication. Mr. Fred W. Ballou who already is part of the management team and the President of the company will take over the positions of Chairman and President of SWAN Group. In connection with this management chance Mr. Fred W. Ballou discloses the preparation of a private placement of SWAN Group of Companies, Inc. in order to broaden the stock capital and enabling the company to initiate and realize new business projects in the future. At present the company is in advanced negotiations with the American securities broker and specialist for municipal bonds Tripp & Co., Inc., New York. A letter of intent has already been signed between the parties. Details about the projected cooperation shall be published shortly. About SWAN Group of Companies, Inc. The diversified holding company is located at Deerfield Beach, FL, USA, and Frankfurt, Germany. SWAN Group is engaged in the marketing and distribution of several consumer product lines, including the Denverson Smokeless Cigarette. Other products in development phase are Travel Site, Catering, Entertainment and Concert Ticket Site. Contact: President Fred Ballou Phone: +49-69-489-8760 Fax: +49-69-489-876-99 Email: info@swangroup.us Head Office: SWAN Group of Companies 30 South Federal Highway - Suite 150 Deerfield Beach, Fl 33441, USA European Representative Office: SWAN Group of Companies, Inc. Hanauer Landstraße 187-189 60314 Frankfurt am Main, Germany Safe Harbor Statement Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of our officers and directors during presentations about our company, along with Swan Group of Companies filings with the Securities and Exchange Commission, including the Company's registration statements, quarterly reports on Form 10-Q and annual report on Form 10-KSB, are 'forward-looking' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the 'Act'). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as 'expects', 'anticipates', 'intends', 'plans', 'could', 'might', 'believes', 'seeks', 'estimates' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by the Company's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about Swan Group of Companies, Inc, its technology, economic and market factors and the industries in which the Company does business, among other things. These statements are not guarantees of future performance and Swan Group of Companies, Inc. undertakes no specific obligation or intention to update these statements after the date of this release. 09.03.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------
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