LAS VEGAS, NV / ACCESSWIRE / January 30, 2020 / American Video Teleconferencing Corp. ("the Company") (OTCPINK:AVOT), today announced the signing of a definitive agreement to acquire WYSH Investments LLC, a real estate company. This transaction reflects the Company's strategy and its conviction in the real estate marketplace. Details will be the subject of future announcements.
Further, the Company announces the appointment of four new members to its Board and five new members to its Management team.
Joining the Board are Willy A. Saint-Hilaire, Marvin Saint-Hilaire, Joan Saint-Hilaire, and Brett Matus, increasing its board members from three to seven.
Willy A. Saint-Hilaire has been appointed to President/Chief Executive Officer. He will succeed Brian D. Colvin, who has been appointed to the position of Vice President.
Willy A. Saint-Hilaire is a former E-5 Sergeant of the United States Marine Corp. and real estate business entrepreneur. He earned his Associate of Science in Criminal Justice from Everest University, as well as a Bachelor of Arts in Criminal Justice from the College of Southern Nevada and the University of Nevada, Las Vegas.
Marvin Saint-Hilaire has been appointed to the position of Chief Financial Officer. He will succeed Theresa Kitt, who has been appointed to the position of Secretary.
Marvin Saint-Hilaire has diverse business experience ranging from operations to finance. He earned a Bachelor's Degree in Public Accounting from the Universidad Tecnológica de Santiago (UTESA) in the Dominican Republic and is presently pursuing a degree in Electronics Engineering.
Joan Saint-Hilaire has been appointed to the position of Chief Operating Officer.
Joan Saint-Hilaire has diverse operations experience including compliance with legal requirements, environment and codes in the real estate market. He earned an Associates of Applied Science Pharmacy Technology from ASA College, New York, New York.
Brett Matus has been appointed to the position of Executive Vice President of Development.
Brett Matus has over 30 years of experience in managing properties. He received his Property Management Diploma from George Brown College in Canada.
Vinoth Sambandam has been appointed to the position of Chief Technology Officer.
Vinoth Sambandam has over ten years of technical (IT) experience and is the founder of Webpistol, a reputable web development company in India. He earned his Bachelor Degree in Information Technology from Dhanalakshmi College of Engineering in Chennai, India.
About American Video Teleconferencing Corp.
The Company has changed its corporate strategy from one of an international e-commerce web portal to a diverse real estate marketplace endeavor.
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new business opportunities and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Brain D. Colvin, Vice President
SOURCE: American Video Teleconferencing Corp.