HOLLYWOOD, Fla., June 17, 2016 /PRNewswire/ -- Sunshine Capital, Inc. (Pink Sheets: SCNP) today announces that it has appointed James R J Scheltema as the Company's new President and CEO to execute "Daniel J Duffy's plan" of turning the Company into a well-structured, revenue, earnings and asset based company.
Mr. Scheltema is a licensed attorney in Maryland and the District of Columbia as well as being a Certified Public Accountant in Florida. In the last decade, he has concentrated on developing microcap companies. He was a founder of both HEMP and MJNA and was general counsel during their infancy. More recently, he provided services to many microcap companies to either maintain or bring them into compliance with SEC, OTC and FINRA standards. In several circumstances, he has accepted appointment as the President and CEO of a few special situation microcap companies.
"My education and experience provide the perfect springboard to lead a company which is focused on growth through acquisitions," stated James Scheltema, newly appointed President and CEO of Sunshine Capital, Inc. "Sunshine Capital provides the ideal platform for this type of company and I look forward to making smaller companies stronger through accretive acquisitions, alliances and cooperative operating agreements under the Sunshine Capital umbrella."
"With Jim's skill depth in mergers makes him the ideal candidate to execute the apt named 'The Duffy Plan,'" stated Daniel J Duffy, noted investor and Investment Trustee to his children's trust. "I have had many meetings with Mr. Scheltema and his conservative and careful style will be instrumental in making the Duffy Plan a reality in creating a growing company based on a strong foundation. I anticipate Sunshine Capital will be as successful as when I participated in 2003 thru 2008 including turning my first public company Preferred Internet Technologies from nothing to the final stage company Sebastian River Holdings of over $140 million dollars in executed and pending mergers and acquisitions, including the cash buy out of Global Communications Solutions (GCS Wireless) which turned my company into the largest T-Mobile authorized dealer in the Florida Market."
Sunshine Capital, Inc.
7777 Davie Road Extension
Hollywood, FL 33024
The private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond control of the company, actual results may differ materially from the expectations expressed in forward-looking statements.
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SOURCE Sunshine Capital, Inc.