Miramar, FL, July 14, 2015 --(PR.com
)-- Santo Mining Corporation (OTCBB: SANP), (the "Company"), announced today that Mr. Alan French, the Company's Chief Executive Officer, has tendered his resignation, effective immediately. The company indicated Mr. French's resignation is unrelated to his work performed at the Company, and that no issues have been raised regarding the integrity of the company's financial statements.
"We would like to thank Alan for his important contributions to the Company," said Mr. Matthew Arnett, Chairman of the Board and Chief Marketing Officer for Cathay Cigars of Asia. "As a member of our executive team, Alan has made valuable contributions in this transition period. We wish him much success."
"We are extremely pleased to name Mr. Franjose Yglesias as our new Chief Executive Officer of Santo Mining. He has been invaluable in his role in this transition and finishing SANP Year-End 2014 Financials, he is well-prepared in taking on this new corporate direction and leadership role," said Mr. Arnett.
Mr. Yglesias has lived and worked in China for over 9 years in the hospitality and F&B industry. While serving as the CEO of China Food Services, he consulted and strategized for the American Embassy USATO in Beijing and the Costa Rican Chamber of Commerce “Procomer” in Beijing. He has landed major accounts like Carrefour, Metro, Jinkelong, Vanguard Hypermarkets and hotel brands such as Shangri-La, Marriot, Renaissances, and Holiday Inn.
He started his professional career working in the early 90’s with Associated Grocers of Florida, than moved up the corporate ranks to Manager of Telecommunications Latin America Division for Eastman Kodak, where he learned the value of applying his Engineering skills to simplify and automating productivity in the manufacturing and the logistics worldwide divisions of Kodak. He graduated from the University of Costa Rica in 1987 with an Electrical Engineering Degree. In 2001 he Co-Founded Acero Systems, an integration company where his logistical and manufacturing knowledge landed him accounts like Lennar Homes, Del Monte Fresh Produce, and the City of Plantation.
“During the weeks to come there will be many exciting changes for the company, our first goal is to bring back shareholder value and to streamline expenses,” stated Mr. Yglesias.
About Cathay Cigars of Asia
Cathay Cigars of Asia (http://www.cathaycigars.com/), is the first and only one-stop online cigar distributor in Asia, we offer cigar brands such as Arturo Fuente, Macanudo, Romeo y Julieta, Rocky Patel, Gurkha, Man O’ War, Oliva, CAO, Graycliff, Drew Estate, Diesel, Alec Bradley, Cohiba and much much more. The company has developed a Chinese social media brand awareness program for cigar manufactures with access to over 5 million cigar aficionados in China. We also own and operate (http://www.cigars.cn.com/) which will be a Chinese cigar education, marketing and virtual cigar humidor for cigar lovers alike. Sales are generated via social media and cigar events promoting sales on our online multi-lingual/multi-currency ecommerce platform (http://www.mrcigar.asia/).
Forward Looking Statements
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.