TORONTO, June 1, 2005 (PRIMEZONE) -- The Board of Directors of Sunburst Alliance Inc. (Pink Sheets:SBST) is pleased to announce the appointment of new members to the Board.
Mr. James Shelley has been appointed to the Board of Directors replacing Paul Allison, effective immediately. Mr. Shelley is an experienced Corporate and Private Banking executive. Beginning his career with Citibank in New York, Mr. Shelley served as President/CEO of Bank of America (Canada) from 1986 to 1992, following which he acted as Senior Account Manager for Coutts & Co. (Bahamas). Since 1998, Mr. Shelley has independently managed a portfolio of investments for clients with focus on tax efficiency and secure returns. Throughout his career, Mr. Shelley has been recognized for his successful turnaround strategies, utilizing a hands-on consultative style with his clients and employees. He maintains a residence on Paradise Island, Bahamas.
Mr. Michael Kaptein has accepted a position on the Board of Directors. Mr. Kaptein is a well-rounded executive with financial, sales, systems and operational background. He has been Vice President of Finance/Chief Financial Officer for several large companies and responsible for $200 million in sales. He was senior management in London Guarantee Insurance Company, one of the most profitable and high growth companies in the industry. He was President and CEO of Motion Picture Bond Company, a $10 million operation with offices worldwide. He is skilled at complex negotiations at the corporate level.