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NuLife Elects Lou Resweber As Chairman, President & Chief Executive Officer
NEWPORT BEACH, Calif., Oct. 09, 2018 (GLOBE NEWSWIRE) -- NuLife Sciences, Inc. (OTCQB: “NULF”) announced today that it has appointed Louis J. Resweber as Chairman of the Board, President & Chief Executive Officer of the Company.
Resweber will replace Sean C. Clarke, who has resigned as Chairman & CEO of NuLife, but will remain a member of the Company’s Board of Directors; and Fred G. Luke, who has resigned as President.
“With the election of Lou Resweber, we have achieved another definitive step toward implementing our planned evolution of NuLife from a life sciences to a life safety and security company,” said Clarke, the outgoing Chairman.
• Strategic Decision:
Eight weeks ago (on August 9, 2018), the Board of Directors of NuLife announced a strategic decision to pursue new lines of business by entering into a merger agreement with two Louisiana-based life safety and electronic security firms, namely LJR Security Services, Inc. (“LJR”) and Gulf West Security Network, Inc. (“Gulf West”), a subsidiary of LJR, both of which were previously privately-held firms, owned solely by Resweber, a long-time veteran of the alarm industry.
Then yesterday (October 8), NuLife announced that is has successfully closed that merger with LJR and Gulf West. A Form 8-K was filed with the U.S. Securities & Exchange Commission (“SEC”) outlining full details of the Agreement.
“I am deeply humbled and truly honored to accept this tremendous responsibility, and to begin working with the current Management Team of NuLife in an effort to lead this Company into a new era of growth and expansion,” said Resweber.
Prior to building LJR and Gulf West, Resweber previously served as a corporate officer, board member and executive consultant to a dozen NYSE and NASDAQ-listed public companies over the past 35 years.
• Alarm Industry Experience:
Most recently, Resweber was Chairman, President & CEO of Pelican Security Network, Inc., and its predecessor firm, Pelican Funding Corporation, which Resweber founded as a ‘start-up’ enterprise and eventually grew into one of the 50 largest providers of alarm monitoring services in the nation, in terms of numbers of customers served.
In the process, Resweber completed more than a dozen successful mergers and acquisitions, and Pelican ultimately expanded to serve more than 20,000 residential, commercial and industrial alarm customers across a seven-state region.
“We are delighted to welcome Lou to our organization,” said Clarke, “and we are fortunate to have recruited someone of Lou’s caliber and experience to spearhead the transformation of NuLife into a leading electronic security provider.”
Resweber added, “The life safety and electronic security alarm industry is a rapidly-growing (but highly-fragmented) industry comprised of more than 14,000 licensed providers (including many small “mom-and-pop” dealers) nationwide, which are collectively generating $22 billion in annualized revenues; and which are simultaneously experiencing both tremendous expansion (new business starts) as well as rapid consolidation (mergers and acquisitions).”
Resweber is a native of Saint Martinville, LA, and a current resident of Scott, LA, in Lafayette Parish, LA.
• Public Company Background:
Previously, Resweber served as Chairman of the Board of Westmark Group Holdings, Inc., where he completed the reorganization of this regional mortgage lender into a nationwide diversified financial concern.
As President & CEO of Network Acquisition Corp., he spearheaded a series of 17 successful mergers and acquisitions to build one of the fastest growing switch-based telecommunications providers in the nation.
And as Senior Vice President of United Companies Financial Corp., he developed a capitalization plan that pushed UC’s stock price from $16 to $132 per share, making it the top growth stock in the U.S. at that time.
Beginning his business career in the energy sector, Resweber is a former Vice President of Arkla Exploration; Vice President of NorAm Energy (now NRG Reliant Energy); Vice President of Entex Gas (now Centerpoint Energy); and an Officer of Celeron Oil & Gas (now Plains All American Pipeline); which merged with Goodyear Tire to build the nation's longest pipeline, twice as long as the Alaskan Pipeline.
A cum laude graduate of the University of Louisiana in Lafayette, Resweber is married to the former Michelle Gaspard of New Iberia, LA, and he and his wife are the proud parents of three grown children:
• William – a fourth-year honors student studying engineering at Texas A&M University in College Station, TX.
• Andrew – who just returned from deployment in the de-militarized zone (DMZ) of South Korea and is now serving as an Officer at the U.S. Army’s military base at Fort Hood, TX; and who was recently engaged to Erin Tharby of McKinney, TX.
• Nicole – an aerospace engineer at Boeing Corp. who is currently working on the next generation of U.S. manned space flight with NASA in Houston; and is married to John Chase, a lead engineer at Gardner Denver, Inc. in Houston, TX.
• About LJR Security Services, Inc.:
LJR Security, Inc. currently provides engineering, design, sales, installation, service, inspection and remote electronic monitoring of residential and commercial security alarm systems primarily in Lafayette, Baton Rouge and New Orleans, LA, the three largest metro markets in the State of Louisiana. For more information on LJR, please visit: www.ljrsecurity.com.
• About Gulf West Security Network, Inc.:
Gulf West Security Network, Inc. is actively engaged in development and expansion of its proprietary coalition of independently-branded life safety and property protection providers, fire alert and suppression system installers, electronic remote monitoring and video surveillance specialists, smart home designers, systems integrators, structured wiring professionals and electrical contractors. Gulf West is a wholly-owned subsidiary of LJR Security. For more information on Gulf West Security Network, please visit: www.gulfwestsecurity.com.
• About NuLife Sciences, Inc.:
NuLife Sciences is a biomedical and technology (development stage) firm focused on the development of innovative and life-saving organ transplant research; and also on the development of on-line websites related to the employment market. The Company seeks to acquire and / or merge with other technology companies, with a focus on saving and enhancing lives. NuLife is publicly owned, and its shares trade on the Over The Counter Quotation Board (OTCQB) under the stock symbol “NULF.” For more information on the Company, please visit: www.nulifesciences.us.
• Safe Harbor Disclosure:
This News Release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, many of which are beyond the Company's, LJR’s and Gulf West’s control. The Company's actual results could differ materially and adversely from those anticipated in such forward-looking statements as a result of certain factors, including those set forth below and elsewhere in this News Release. All statements, other than statements of historical facts, included in this News Release regarding the consummation of the proposed Merger, the timing of the same, the actual performance, timing and commercial viability of therapies under development, as well as statements regarding growth strategy, future operations, financial position, estimated revenue or losses, projected costs, prospects and plans and objectives of management are forward-looking statements. When used in this News Release, the words "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," "plan" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. All forward-looking statements speak only as of the date of this News Release. The Company undertakes no obligation to update any forward-looking statements or other information contained herein. Potential investors should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, intentions and expectations suggested by the forward-looking statements included in this News Release are reasonable, including the Merger, and the time currently expected to close the Merger, the Company cannot assure potential investors that these plans, intentions or expectations will be achieved. The Company discloses important factors that could cause its actual results to differ materially from its expectations under "Risk Factors" in its most recent Annual Report on Form 10-K for the Fiscal Year-Ended September 30, 2017, and elsewhere in this News Release. These cautionary statements qualify all forward-looking statements attributable to the Company or to persons acting on its behalf. For additional information regarding the Merger and the Merger Agreement, please see the Company’s Current Report on Form 8-K, to be filed with the U.S. Securities & Exchange Commission (the “SEC”) substantially simultaneously with the date of the release of this News Release, and for additional information regarding the Company, please see the filings made by the Company with the SEC available on the SEC’s website at www.sec.gov.
on behalf of NuLife Sciences, Inc.:
cell: (858) 204-5055
direct: (760) 755-2716
on behalf of LJR Security Services, Inc. / Gulf West Security Network, Inc.
cell: (225) 413-6392
direct: (337) 210-8790