TAMPA, Fla., June 15, 2016 /PRNewswire/ -- American Riding Tours, Inc. (OTC Pink: AMRD - News) (the "Company), today announced changes to its executive management team with the appointment of Kevin Gillespie as the Company's President, Chief Executive Officer, a member of the board of directors (the "Board") and the Chairman of the Board. Edward Zimmerman has resigned as the President, Chief Executive Officer and Chairman of the Board. Mr. Zimmerman remains as a member of the Board and has agreed to serve as the Company's Chief Financial Officer on a going-forward basis.
"I am very pleased to take an active role in American Riding Tours as we seek to find future growth opportunities for the Company," said Mr. Gillespie. "Our focus will be on growing the Company through strategic acquisitions."
Mr. Gillespie has been the President and Chief Executive Officer of First Harvest Financial, Inc. ("FHF"), a financial consulting company, since its incorporation in November 2014. FHF beneficially owns a majority of the Company's issued and outstanding common stock. Mr. Gillespie is currently a Member and Managing Director of Midtown Partners & Co, LLC, a registered broker-dealer, the President and Chief Executive Officer of FH Acquisition Corp., the President and Chief Executive Officer of Watchtower Masterpieces, Inc., the President and Chief Executive Officer of Cannavoices, Inc. and the President and Chief Executive Officer of FHF Opportunity Fund I, LLC.
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Factors that could cause the Company's actual results to differ materially from those contemplated by these forward-looking statements include: inaccurate data or assumptions; unforeseen expenses; changes in estimates or judgments related to tax liabilities; potential goodwill impairments; potential litigation, bad debts or other contingencies; and facts or circumstances affecting the application of the Company's critical accounting policies, including revenue recognition. These forward looking statements are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect as well as other risks detailed in documents filed with the Securities and Exchange Commission, including our most recent reports on Form 10-K and Form 10-Q and current reports on Form 8-K that we may file from time to time, which could cause actual results to vary from expectations. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.
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SOURCE American Riding Tours, Inc.