GMS Capital Corp. Approves Restructuring Plan
Newly Appointed Directors Will Work Closely With Management to Expand Operations
MIAMI, Feb. 12, 2013 /PRNewswire/ -- GMS Capital Corp. (The "Company") (OTCQB: GMCP) announces that it has formally adopted a structuring and repositioning plan designed to increase manufacturing efficiency and speed of product delivery to major retailers.
The Company has appointed a new Board of Directors to support this aggressive expansion. Departing are Stephane Solis, Pierre Savignac and Mohamed Samake. The Board shall now consist of Bernard Canneva, Caroline Coulombe, Gerard Dab, Martial Rolland, Claude Pellerin, and Emanuel Tomasino. Caroline Coulombe shall serve as Chairman of the Board, and Claude Pellerin shall serve as legal counsel.
Bernard Canneva has over 35 years experience in perfumes and cosmetics. He served as international director of L'Oreal Paris, and as VP Sales & Marketing for Groupe Lise Watier Inc.
Emmanuel Tomasino has over 20 years experience as a business development executive, including General Manager of ING Financial Group, and Director of Business Development for Groupe Financier Desjardins.
Martial Rolland is an entrepreneur and business development executive with over 20 years experience managing public corporations. He served as President and CEO of Rolland Energy Inc. and President and CEO of RVBS Ltd. He is a Director in a number of companies.
Caroline Coulombe is the founder of the Nacara business group, bringing over 20 years of experience in cosmetics and body care. She is a former sales and business development executive for Shopper's Drug Mart/Pharmaprix. She is a Director in a number of companies.
Gerard Dab is an entrepreneur and business executive with 20 years experience managing public companies. Mr. Dab began his career as an advertising and communications executive with Foote, Cone & Belding of Chicago, IL. He then served as President of one of Canada's leading film and television production company, Production Publi-Cite. He is currently the Chairman and CEO of VisualMED Clinical Solutions Corp. and Dab Communications.
Mr. Claude Pellerin is a corporate attorney and is partner in the law firm of Rolland Seguin Sauve Pellein, Lawyers Inc. Between December 2003 and July 2008, Mr. Pellerin was partner in the law firm of Hovington Pellerin S.E.N.C. Since 2002, Mr. Pellerin has served as Director, President, Treasurer and Secretary of Capex Investments ( Canada ) Limited, an investments and financing corporation based in Montreal, Quebec. From 2001 to 2002, Mr. Pellerin served as a Secretary for Equilar Capital Corporation, an Ontario Corporation listed on the Toronto Stock exchange. Between 2002 and 2004, Mr. Pellerin served as Vice President for legal affairs for Manaris Corporation, a Nevada corporation listed on the OTCBB. Since 2003, Mr. Pellerin has served as Secretary of Gourmet Flash Inc., a Quebec corporation, and from 2004-2005 served as a Director to Canadian Security Agency (2004) Inc. Mr. Pellerin served as Ecolocap Solutions Inc.'s President, Secretary and Treasurer from June 17, 2005 until August 19, 2005, at which time he resigned as an officer but remained a director of the Ecolocap Solutions Inc. Company until his resignation on October 20, 2008, than from March 6, 2009 to September 10, 2012 until his resignation.
The Company has also elected a new slate of Officers. Departing are President and CEO Stephane Solis, and Secretary Pierre Savignac. Martial Rolland has been appointed President and CEO of the Corporation, and Me. Serge Lebel has been appointed Secretary.
Me. Serge Lebel has 30 years of experience practicing Business Law and is a Certified Director. He is a member of the Board and President of the Governance Committee of the Quebec Lottery Corporation; a member of the Governance and Human Resources Committee of the Interprovincial Lottery Corporation; and he is a member of the Board of Directors, President of the Governance and Human Resources Committee, and member of the Audit Committee of the Port of Quebec.
An overwhelming majority of shareholders of the company have deemed that the new slate of Directors and new management better reflects the expansion philosophy of GMS Capital and are better suited to moving the company forward.
The Board of Directors will now work closely with management to leverage the Corporation and its assets to the greater benefit of GMS Capital Corp. and its shareholders.
ABOUT GMS Capital Corp.
GMS Capital Corp (GMCP) conceives, designs and brings to market complete lines of quality cosmetic products for women of darker complexion. Its main consumer base consists of women with African, Hispanic and Mediterranean skin types who require specialty products which we offer through major retailers in North America and Europe. We own all rights to the Nacara Brand, a recognized leader in cosmetic and body care products for women who are inadequately served by the cosmetics industry. For more information, please visit www.nacara.com.
FORWARD-LOOKING STATEMENTS Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Company's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.
For further information, please contact:
SOURCE GMS Capital Corp.
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.