Today, Tri-Star Holdings announced that it has divested Amore TV as part of its corporate restructuring strategy and vision of future growth. By divesting Amore TV, the company has eliminated liabilities and made it possible to focus more attention to its diversifying metals industry division. Tri-Star Holdings believes this move is in the best interest of the company’s progress and shareholder value.
Also announced was the appointment of three new officers. These officers were appointed by the company’s board of directors. J. Rocky Hollingshead was appointed to the office of COO, Charles L. Ilvento was appointed CFO, and Scott Spooner was appointed Chief Geologist. Other changes in management and board of directors are expected next week. The new management’s biographical details will be updated on www.tristarcorporate.com later today.
Anthony Mellone, Tri-Star President & CEO, stated, “With increasing growth and progress comes increased responsibility, both as related to company developments and initiatives and to efficiency and shareholder value. We are immensely pleased with our developments at this phase of our restructuring and vision of growth, and are very excited to bring the vast experience of these gentlemen to Tri-Star Holdings. We have every confidence that our growing team will inevitably shape a preeminent future for the company, its subsidiaries and loyal shareholders.”
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