LAS VEGAS, NV / ACCESSWIRE / August 18, 2014 / EraStar, Inc. is pleased to announce that its Board of Directors has appointed Mr. Jens Dalsgaard for an initial three year term as the company Chairman of the Board and Co-CEO to Mr. Steffan Dalsgaard, effective immediately.
Commenting on his appointment, Mr. Jens Dalsgaard stated: "I am honored and proud to accept this nomination. I am excited to put 100% of my time and energy into EraStar, Inc. on a daily basis. Las Vegas based EraStar, Inc. strives to help small and mid-cap companies become successful in their respective space. I believe my talents and skillsets will dramatically add and complement the existing dynamic management team that is already in place at EraStar, Inc. today. I will work tirelessly to assist the companies EraStar, Inc. is engaged with to achieve their maximum potential. I am extremely proud to be appointed, and will always direct my efforts into increasing shareholder value, earnings, profitability and positive cash flow for not only EraStar, Inc. but the multitude of clients we currently assist and plan to engage in the coming months. I thank the Board of Director's for its complete confidence in me. I have informed the Board that, other than healthcare and basic standard employee agreement items, I elect to receive compensation of only $1.00 per year for the next three years and elect to receive restricted, non-registered stock on an "earn out " basis over the next 36 months instead. I will align myself with current and future EraStar investors by betting on the future value of our stock and imminent success of the company. The other board members have reserved the independent right to bonus me as certain milestones are reached that benefit all our shareholders."
EraStar, Inc. President/COO and Founder Ms. Vanessa Luna stated: "I met Mr. Jens Dalsgaard in 2013 when I was Director of Operations for a rapidly growing NASDAQ listed company. I knew he would be a tremendous asset to our mission of helping our client companies achieve tremendous growth. His tireless work ethics, intense focus, drive, leadership and integrity, combined with nearly 30 years of Wall Street and company consulting experience make him the perfect addition to our rapidly growing diverse world class team and business. His experience and skills will prove invaluable to our communications division who will utilize his expertise in our continued success."
After studying Business and Finance at Central Connecticut State University in the early 1980's, Mr. Dalsgaard started his Wall Street career working for a small Investment Banking firm in 1985. He immediately earned his Series 7, Series 63, Series 3, and after earning his Series 24, went on to become a Branch Manager where he hired, trained and led over 100 stockbrokers in several New York area branch offices. Within three years, his firm had grown to over 1,000 registered stockbrokers across 50 national offices. His passion was always to identify the ' Diamond in the Rough ' stocks; the undiscovered companies that had the potential to be future leaders in their sector, seeking businesses that had the hallmark for greatness yet needed various critical milestones to graduate to their respective goal. In the early 1990's, he worked for Shearson Lehman. Smith Barney and A.G. Edwards and was consistently a top producing broker, earning the invited titles of Senior Vice President, Chairman's Council and Directors Council. In August 1999, he retired from the New York brokerage business, moved to California, and joined a legendary small company consulting firm, where he quickly became a top producer by aligning himself only with companies he felt were certain to succeed. His remarkable communication and analytical skills helped dozens of young companies achieve notoriety on Wall Street. Over the last decade, Mr. Dalsgaard has independently consulted to a variety of dynamic emerging growth companies and provided strategies and services that were custom tailored to each company’s specific needs.
Mr. Dalsgaard concluded: "EraStar provides professional services to variety of clients in a number of industries nationwide. On a national and local basis, our company provides these services in the following disciplines: marketing, client support services, public relations, and business development consulting. Our business model was built and continues to evolve around our clients; with EraStar's client-centric business model, we act as a service company for our various clients by providing a selective range of marketing services. In addition, I am eager to assist EraStar’s Medical Division in a business consulting capacity as well. I am elated to work closely with the EraStar team on a full time basis effective immediately as EraStar prepares to be a publicly traded company in the immediate future. I believe my background and skills will be invaluable to driving shareholder value for not only EraStar investors but our client companies."
As previously announced on Wednesday July 9, 2014 Cytta Corp. (OTCQB: CYCA) announced that it has entered into a Letter of Intent with EraStar, Inc., a Las Vegas based marketing business, to merge the two Companies. (http://www.marketwired.com/press-release/cytta-enters-into-letter-of-intent-to-merge-with-erastar-inc-otcqb-cyca-1928036.htm)
About EraStar, Inc.
EraStar, Inc. is a dynamic Las Vegas based marketing business that offers the following services: Comprehensive Marketing Strategies for Public and Private Institutions, Public Relations and Media Activities, Product Marketing, Support Services, Business Development Consulting, and Lead Generation. EraStar currently provides services to variety of clients in a number of industries nationwide.
About EraStar Medical, Inc.
EraStar Medical Inc. (EMI) is a sub division; Nevada Corporation of EraStar Inc. a dynamic Las Vegas based marketing business. EraStar Medical Inc. creates a structure within its parent company that allows management to apply their advisory services and med-tech acquisitions specifically in the booming med-tech sector. EMI’s connectivity and analytics platform provides predictive and intelligent clinical knowledge across the spectrum of individualized health and wellness care. EraStar Medical seeks to provide cost efficient technical strategies that will create superior healthcare outcomes for physicians and patients globally.
About Cytta Corp.
Cytta Corp. is an open source remote monitoring ubiquitous connectivity platform known for its highly scalable and secure Healthcare telehealth solutions. In addition to the Doctor Direct program, we are now offering the Cytta Connect technology to the Oil & Gas industry that will make available our remote data capture highway that connects monitoring devices seamlessly to a cloud-based data repository. Our remote data capture system works over our Special Purpose Network utilizing 4G LTE AT&T domestic and international SIMS, a proprietary smartphone based, Mobile, Satellite, and WiFi open source platform, and cloud-based data repository. The CyttaConnect technology automatically connects all remote monitoring devices to Cytta's cloud-based data repository creating real time communication for the Healthcare/Telehealth and Oil & Gas industries.
Safe Harbor Statement/ Forward-Looking Statements
Statements included in this press release, which are not historical in nature, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the future performance of the Company are subject to many factors including, but not limited to, the customer acceptance of the products in the market, the introduction of competitive products and product development, the impact of any product liability or other adverse litigation, working capital and availability of capital, commercialization and technological difficulties, the impact of actions and events involving key customers, vendors, lenders, competitors, and other risks. Such statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. When used in this press release, the terms "anticipate", "believe", "estimate", "expect", "may", "objective", "plan", "possible", "potential", "project", "will", and similar expressions identify forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and we do not undertake any obligation to update any forward looking statements, whether as a result of future events, new information, or otherwise.
Jens Dalsgaard, Chairman
Las Vegas, NV 89141
702 480 9800 office
SOURCE: EraStar, Inc.