J.D. Hutt Names New Chief Executive Officer Company Changes Focus to Sustainable Apparel

AGOURA HILLS, Calif., May 7, 2014 /PRNewswire/ -- J.D. Hutt Corporation ("JD Hutt" or the "Company") (Pink Markets: JABA), today announced that it has named a new Chief Executive Officer to align with the Company's new business focus as it moves into the sustainable apparel industry.

The company is very pleased to welcome George Powell as the Company's new CEO. George joins the Company with over 30 years' experience in the apparel industry. He is a proven leader with business vision, tenacity and the ability to bring people together. His visions for the Company's future contribution to making our world a cleaner and more sustainable environment are significant and proven.

George Powell began his career with the F.B.I. (Federal Bureau of Investigation) before entering the apparel industry with JC Penney in 1978. After 14 years as a corporate buyer and product development manager, George became the Vice President of Corporate Accounts for Zeppelin, a young men's premium clothing brand in early 1992. He made a substantial impact at both companies by reducing costs, increasing margins and amassing sales volume. Mr. Powell then joined Synergy and helped to create a Direct-to-Retailer (Factory Direct Marketing) business model. That model is used today by most major retailers and provides a more transparent and profitable equation for all parties.

"I'm excited to join JD Hutt and to have the opportunity to continue my passion in the apparel industry, especially as it pertains to building a business based on sustainability, " commented George Powell. "I've seen a lot of areas in the textile industry where waste is prevalent. From material waste to air pollution and most significantly the amount of water it takes to grow cotton. In some areas it can take up to 3,600 gallons of water to grow enough cotton to make a single pair of jeans. With our current knowledge and practices we can reduce the harm to the environment in significant ways. My passion on environmental issues will lead the Company to become a leader in sustainable apparel. We will embrace the change and become the ecopreneurs of the industry."

According to numerous studies, planet Earth is currently experiencing serious water shortages. In the future this shortage could escalate sharply. Recently, the UN Secretary General , at the 2013 Water Summit in Budapest, that by 2030 nearly half of the global population could be facing water scarcity with demand outweighing supply by 40%. It has also been reported that 97% of the water on earth is not useable and that of the 3% that is, only 1% is drinkable. It is with this in mind that the Company will focus on developing every aspect of its business to lessen its impact on water consumption with its sustainable apparel.

About J.D. Hutt Corporation

J.D. Hutt Corporation was doing business as Sea Treasure Recovery Corp and was established to engage in the business of historical shipwreck salvage. Presently, the Company's new business focus it to enter the sustainable apparel industry in order reduce the carbon footprint and make a systemic change in how apparel is made, shipped and sold.

Forward Looking Statements

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. JD Hutt undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this communication except as required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication. All forward-looking statements are qualified in their entirety by this cautionary statement.

SOURCE J.D. Hutt Corporation




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