ALEXANDRIA, Va., April 28, 2016 /PRNewswire/ -- Sector 5, Inc. a Nevada fully reporting public corporation (OTCQB: SECT) announces that on March 18, 2016, a change in control of Sector 5 occurred. Sector 5, formally a Women's, Misses' and Juniors' Outerwear Company, has formally requested the SEC to change to a SIC: 3571 Electronic Computers. This change will occur approximately August 2016 when the SEC is scheduled to make changes to all Company profiles. The change in control includes a plan of new management to launch Sector 5 branded electronics focused on Chrome, Android and Windows Operating Systems products targeting the educational and consumer electronics markets.
The change in control included the purchase of controlling interest by Kirkland Holdings Co. and its sole officer Roger B. McKeague, currently the CEO, CFO, and sole Director of Sector 5 Nevada. Prior or to joining the Company in March 2016, Mr. McKeague was the Chief Executive Officer of Sector Five, Inc., an unaffiliated Delaware electronics company, and was an attorney and business consultant focused on business and education management from November 2015 to April 2016.
Peter Mortenson was appointed President in April of 2016. Mr. Mortensen was the Software R&D Director of Panasonic Avionics. Mr. Mortensen managed a department of 52 software developers covering R&D in Android and Linux software development for inflight entertainment (IFE) systems both for passengers (seatback systems) and crew (in-wall and mobile terminals) for all major airlines. Mr. Mortensen was Foreign Expert and Director of Product Planning for Digital Products Group, a Company specializing in mobile phones, tablets & TVs. (Full Bios) can be viewed on Sector-five.com.
Roger McKeague, CEO, provided this insight, "Our initial phase will focus on the education markets utilizing Chrome Operating Systems, Charging Carts and Large Screen TV's. Sector 5 has a competitive advantage on price, quality and customer service."
As our sales staff ramps up, we intend to broadly target general consumer retail channels and possibly other B2B opportunities (e.g., hospitals). In this phase we will need to carefully and continuously balance growth in width (number of sales channels and product SKU's) versus depth (quality of service and support).
We are currently negotiating contracts with experienced sales and marketing individuals and companies who we believe can get Sector 5 branded products placed in major retail channels. We believe that our relationship with Google will assist us in entering into contracts with major distributors for U.S. markets.
About Sector 5, Inc.
Sector 5, Inc. is a Nevada corporation, publicly traded (OTCQB: SECT), that creates, manufactures and sells Sector 5 branded electronics utilizing Chrome, Android and Windows Operating Systems, focused on the educational and consumer electronics markets. Sector 5 and its manufacturing partners, "best in class" suppliers, and tier-1 designers are working together to combine American ingenuity and China's manufacturing strengths to create products with the latest technology, innovative features (rugged designs, spill/drop resistant, portable) and best pricing, exceeding market expectations. Sector 5's distribution strategy centers on our competitive advantages in the B2B, retail, e-commerce, K-12 and Higher Education markets. Sector 5's foundation of success and promise to the world is defined by a pursuit of simplicity and a commitment to innovation. Quality, reliability and excellent customer support is an integral component of that commitment. Further information can be found at www.sector-five.com.
Forward Looking Statement:
Certain statements made in this release are "forward-looking statements" regarding the plans and objectives of management for future operations. Such statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. Our plans and objectives are based, in part, on assumptions involving judgments with respect to, among other things, future economic, competitive and market conditions and future business and financial decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that our assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking statements included in this website will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein particularly in view of the current early stage of our operations and lack of sufficient financing, the inclusion of such information should not be regarded as a statement by us or any other person that our objectives and plans will be achieved. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, the risk factors set forth in our periodic reports and other filings we make with the U.S Securities and Exchange Commission. We undertake no obligation to revise or update publicly any forward-looking statements for any reason, except as required by federal securities law.
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SOURCE Sector 5, Inc.