KIRKLAND, Wash., Nov. 11, 2010 (GLOBE NEWSWIRE) -- Ladybug's Board of Directors has appointed Thomas F. Krucker as Chief Executive Officer and named Chairman of the Board of Directors. Krucker served with Toyota USA for 11 years and held national positions as IR Director and Import Director for the USA.
During the course of his time with Toyota, his duties included oversight for five divisions which reported to him, including truck/rail transportation, ship routing, ten port authorities around USA, treasury/customs responsibility for company, insurance/claims, damage control for ocean rail vehicle delivery, truck assembly at all ports, accessory and preparation at all ports.
For the past five years, Krucker has been working in the investment banking industry and brings sophisticated financing and market knowledge to LadyBug. Krucker's wide ranging and valuable expertise, from the automotive industry to the financial markets, will greatly assist in MAG's domestic and international sales efforts. Krucker has a J.D. from Pepperdine College of Law.
Craig Barton, COO of LadyBug, said, "LadyBug is excited to appoint Thomas Krucker as Chief Executive Officer. Mr. Krucker has a proven track-record of performance in the auto-industry with Toyota and was responsible for the largest selling region in USA and for building a dealer network for Toyota, which became the first imported vehicle nameplate to out-sell and out-register all domestic car lines including Chevrolet, Ford, and Chrysler."
Barton concluded, "Additionally, beyond his auto-industry expertise, Mr.Krucker has sophisticated finance and equity market knowledge and will be an invaluable asset to LadyBug and MAG."
About Mag International, Inc
Mag International, Inc. (MAG), based in Fountain Valley, California, was founded in 2004 as a manufacturer and distributor of quality and innovatively-designed mini-utility vehicles and accessories. MAG has also developed a proprietary conversion kit to electrify postal vehicles, which it will offer in 2011 along with its complete line of all-electric, E85 and Gasoline utility vehicles and parts. MAG has $19.8 Million in sales since 2004.
About LadyBug Resource Group, Inc.
LadyBug Resource Group Inc. (OTCBB:LBRG), headquartered in Kirkland, WA, acquires and licenses breakthrough technologies, patents, patents-pending and trade secrets in the Energy, Health and Intellectual Property sectors. For more information please see www.globenewswire.com/newsroom/ctr%3Fd=204011%26l=10%26a=www.LadybugRG.com%26u=http%253A%252F%252Fus.lrd.yahoo.com%252FSIG%253D10u2n0qrf%252F%252A%252Ahttp%25253A%252Fwww.LadybugRG.com%252F" target="_top" rel="nofollow">www.LadybugRG.com.
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CenterPoint Communications Group, LLC Todd Lorenze, Investor Relations (386) 775-2020