Active Health Foods, Inc. (OTC Pink: AHFD) announces the resignation of its founder Gregory C. Manos as President, Secretary, Treasurer, and Director, however, Mr. Manos will stay on as a Consultant and Advisor . E. Robert Gates, who replaced Gregory C. Manos as Chief Executive Officer several months ago, will in the interim serve as Secretary, Treasurer, and Director until a shareholder meeting is held and new Directors and Officers are elected. The date of the shareholder meeting has not been determined yet.
Active Health Foods, Inc. also announces that Gregory C. Manos, a substantial shareholder, has returned a significant number of shares to the company treasury. Mr. Manos states: “I believe that Active Health Foods, Inc. has a bright future. I am at the point in my personal life where I need to slow down and I am confident Active Health Foods, Inc. is at a point where a fresh perspective and renewed energy would be beneficial to the growth of the company. Being an officer and director of a public company is exhausting work and I look forward to a slower pace for a while. I am confident that Active Health Foods, Inc. will move forward in a substantial and positive manner.”
This press release may contain a number of forward-looking statements. Words, and variations of words such as "expect," "goals," "plans," "believe," continue," "may," "will," and similar expressions are intended to identify our forward-looking statements, including but not limited to, our expectation for growth.
These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those indicated in our forward-looking statements. Such factors include, but are not limited to, continued volatility of, and sharp increase in, costs, inventory costs, increased competition, risks from operating internationally, continued consumer weakness, general weakness in economic conditions and tax law changes.
Please also see our risk factors, as they may be amended from time to time, as set forth in our filings with the SEC, including our most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Active Health Foods, Inc. disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.
Active Health Foods, Inc