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Perpetual Industries (OTCMARKETS:PRPI) announced a strategic reorganization focusing on expanding its subsidiary, Worldwide Auctioneers, in the collector car industry. Chairman Brent Bedford and Director Craig Dansereau have resigned effective immediately. Rod Egan, current Director and Principal Auctioneer of Worldwide Auctioneers, will serve as interim President while maintaining his Managing Director role. The company is exploring acquisitions in the collector car industry and recreational vehicle market technology sector. The company plans to update its website to reflect these new strategic directions.
Perpetual Industries (OTCMARKETS:PRPI) ha annunciato una riorganizzazione strategica mirata a espandere la sua controllata, Worldwide Auctioneers, nell’industria delle auto da collezione. Il presidente Brent Bedford e il direttore Craig Dansereau si sono dimessi con effetto immediato. Rod Egan, attuale direttore e principale banditore di Worldwide Auctioneers, assumerà il ruolo di presidente ad interim mantenendo il suo incarico di amministratore delegato. L’azienda sta esplorando acquisizioni nel settore delle auto da collezione e nella tecnologia del mercato dei veicoli ricreativi. La società prevede di aggiornare il suo sito web per riflettere queste nuove direzioni strategiche.
Perpetual Industries (OTCMARKETS:PRPI) anunció una reorganización estratégica enfocándose en expandir su subsidiaria, Worldwide Auctioneers, en la industria de coches de colección. El presidente Brent Bedford y el director Craig Dansereau han presentado su dimisión con efecto inmediato. Rod Egan, actual director y subastador principal de Worldwide Auctioneers, servirá como presidente interino mientras mantiene su rol de director general. La compañía está explorando adquisiciones en la industria de coches de colección y en el sector tecnológico de vehículos recreativos. La empresa planea actualizar su sitio web para reflejar estas nuevas direcciones estratégicas.
Perpetual Industries (OTCMARKETS:PRPI)는 수집가 자동차 산업에서 자회사인 Worldwide Auctioneers의 확장을 목표로 하는 전략적 재편성을 발표했습니다. 의장 브렌트 베드포드와 이사 크레이그 댄서로는 즉각적으로 사임했습니다. 로드 이건, 현재 Worldwide Auctioneers의 이사이자 주요 경매사, 는 임시 사장직을 맡으면서 관리 이사 역할을 계속해서 수행합니다. 이 회사는 수집가 자동차 산업 및 레크리에이션 차량 시장 기술 부문에서 인수 기회를 탐색하고 있습니다. 회사는 이러한 새로운 전략적 방향을 반영하기 위해 웹사이트를 업데이트할 계획입니다.
Perpetual Industries (OTCMARKETS:PRPI) a annoncé une réorganisation stratégique axée sur l’expansion de sa filiale, Worldwide Auctioneers, dans l’industrie des voitures de collection. Le président Brent Bedford et le directeur Craig Dansereau ont démissionné avec effet immédiat. Rod Egan, actuel directeur et commissaire-priseur principal de Worldwide Auctioneers, exercera la fonction de président par intérim tout en conservant son rôle de directeur général. L’entreprise envisage des acquisitions dans l’industrie des voitures de collection et le secteur technologique des véhicules récréatifs. La société prévoit de mettre à jour son site web pour refléter ces nouvelles orientations stratégiques.
Perpetual Industries (OTCMARKETS:PRPI) hat eine strategische Reorganisation angekündigt, die sich auf die Expansion ihrer Tochtergesellschaft Worldwide Auctioneers in der Sammlerautomobilindustrie konzentriert. Der Vorstandsvorsitzende Brent Bedford und der Direktor Craig Dansereau haben mit sofortiger Wirkung ihren Rücktritt erklärt. Rod Egan, aktueller Direktor und Hauptauktionator von Worldwide Auctioneers, wird als interimistischer Präsident fungieren, während er seine Rolle als geschäftsführender Direktor beibehält. Das Unternehmen untersucht Akquisitionen in der Sammlerautomobilindustrie und im Technologiemarkt für Freizeitfahrzeuge. Das Unternehmen plant, seine Website zu aktualisieren, um diese neuen strategischen Ausrichtungen widerzuspiegeln.
Positive
- Strategic focus on expanding Worldwide Auctioneers subsidiary in the collector car industry
- Active exploration of acquisition opportunities in collector car and RV markets
Negative
- Simultaneous resignation of Chairman and Director indicating potential leadership instability
- Interim leadership arrangement suggests uncertainty in executive succession planning
AUBURN, IN / ACCESSWIRE / October 25, 2024 / Perpetual Industries Inc. (OTCMARKETS:PRPI) a company dedicated to energy-efficient innovations and technologies, today announced a strategic reorganization to concentrate on the growth and market expansion of its subsidiary, Worldwide Auctioneers, in the collector car industry. As part of this realignment, the company also announces the resignations of Brent Bedford, Chairman of the Board of Directors, and Craig Dansereau, Director, effective immediately. Rod Egan, Director of Perpetual Industries and Principal Auctioneer of Worldwide Auctioneers, will take on the role of interim President in addition to his current role as Managing Director to guide the company through this transition while the Board evaluates candidates to fill the vacant positions.
Perpetual Industries is actively exploring acquisition opportunities for assets and operating entities within the collector car industry and innovative products and technology in the recreational vehicle market. These initiatives support the company’s commitment to stakeholder value and long-term growth. The company will soon update its website to reflect its evolving direction and objectives.
Brent Bedford, founder of Perpetual Industries, has made the difficult decision to resign from the board of directors. “After much consideration, I believe that it is the right time to transition and allow Mr. Egan’s leadership to guide Perpetual Industries through its next chapter of growth,” said Mr. Bedford. “I remain fully supportive of the company’s mission and its future success.”
Craig Dansereau, a valued Director of Perpetual Industries, is resigning from his role as director to pursue new opportunities. During his eight years of service to the board of directors, Mr. Dansereau contributed immensely to the company’s overall development.
“Throughout his tenure, Mr. Bedford’s leadership was instrumental in shaping the company’s vision, fostering innovation, and providing strategic direction. On behalf of the Board and the entire team at Perpetual Industries, I would like to express deep gratitude to Mr. Bedford for his unwavering commitment, vision, and leadership and toMr. Dansereau for his expertise and numerous contributions,” said Rod Egan Managing Director and interim President of Perpetual Industries. “We wish you both all the best in your future endeavors.”
About Perpetual Industries
Perpetual Industries Inc. (OTCMARKETS:PRPI) is a U.S. public company headquartered in Indiana, dedicated to advancing energy-efficient technologies and sustainable innovations. Through its diverse R&D portfolio and subsidiary Worldwide Auctioneers, the company focuses on fostering growth in the collector car industry while also exploring opportunities in green energy solutions and blockchain technologies. Perpetual is committed to developing environmentally responsible products that drive progress and deliver value to its stakeholders. Perpetual is an innovator of energy-efficient technology, underpinned by an established business of over 20 years in the collector car industry.
Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended; Section 21E of the Securities Exchange Act of 1934; and the Private Securities Litigation Reform Act of 1995; as well as “forward-looking information” as such term is defined in applicable U.S. and Canadian securities legislation. We may use words such as “may,” “would,” “could,” ”should,” “potential,” “will,” “seek,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect” and variations of these words and similar expressions to identify a forward-looking statement. Such statements reflect the Company’s current views and intentions with respect to future events and current information available to the Company and are subject to certain risks, uncertainties and assumptions, without limitation. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information or statements prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information or statement is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information or statements. The forward-looking information and/or statements included in this press release are made as of the date of this press release, and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.
For further information,please contact:
Investor Relations
Perpetual Industries Inc.
Phone: 702-707-9811
Email: ir@perptualindustries.com
SOURCE: Perpetual Industries Inc.
View the original press release on accesswire.com
FAQ
What strategic changes did Perpetual Industries (PRPI) announce on October 25, 2024?
Perpetual Industries announced a reorganization to focus on expanding its Worldwide Auctioneers subsidiary in the collector car industry, along with the resignations of Chairman Brent Bedford and Director Craig Dansereau.
Who is the new interim President of Perpetual Industries (PRPI)?
Rod Egan, who is the Director and Principal Auctioneer of Worldwide Auctioneers, was appointed as interim President while maintaining his role as Managing Director.
What markets is Perpetual Industries (PRPI) targeting for acquisition opportunities?
The company is exploring acquisition opportunities in the collector car industry and innovative products and technology in the recreational vehicle market.
