COLORADO SPRINGS, Colo., March 10, 2014 (GLOBE NEWSWIRE) -- Bourbon Brothers Holding Corp. (OTCBB:RIBS) today announced the transition of their President and CEO, Robert Mudd, the addition of two new members to the Board of Directors and the promotion of Shawn Owen to Chief Operating Officer.
On March 5, 2014, President and CEO Robert Mudd tendered his resignation as President and CEO due to personal reasons and to pursue other opportunities within the Bourbon Brothers growth plan. Mr. Mudd stated, "I am very excited about the foundation that has been established and believe that the company has incredible expansion opportunities. I look forward to remaining significantly involved in the success of Bourbon Brothers as a member of the Board of Directors and expect to establish a real estate development company focused on assisting Bourbon Brothers in rolling out the next 40 locations." The Board of Directors accepted his resignation and have established a mutually agreed plan that will result in his transition on June 1, 2014.
The company has offered the Chief Operating Officer position to Shawn Owen and he has formally accepted. He brings extensive restaurant management experience to the team. Prior to joining the company, Mr. Owen served as the General Manager at Southern Hospitality Denver from August 2012 through February 2014. Mr. Owen has spent his entire career in restaurant operations and management, as manager of restaurant operations at The Walnut Brewery in Boulder, Colorado from 2011 to 2012, at the New Berlin Entertainment Center in New Berlin, Wisconsin, from 2010 to 2011, and at Stonefire Pizza Co. in New Berlin, Wisconsin from 2006 through 2010.
In addition, the company is excited to announce the addition of David Lavigne and Richard Steward to the Board of Directors.
Mr. Lavigne, age 52, is also currently a member and manager of Cathedral Peaks Capital, LLC, a privately-owned Colorado LLC and was a founder of Bourbon Brothers Holding Company, LLC in 2013 before being acquired by Bourbon Brothers Holding Corporation in January 2014. Mr. Lavigne co-founded Accredited Members Acquisition Corporation, a privately-owned Colorado LLC in 2012 and founded EdgeWater Research Partners, LLC in 2002, the predecessor of Accredited Members, Inc. Mr. Lavigne has spent almost 30 years in the financial and investment industries, primarily employed by small, regional sell-side broker-dealers involved in the provisioning of both investment banking and retail investment services. Mr. Lavigne has served in those organizations as a CEO, a National Sales Manager and Head of Equity Research. His responsibilities in those positions included sales development, financial reporting, and a host of other management related functions, as well as creating research and analysis for retail and institutional clients, and corporate finance departments of his respective employers. Mr. Lavigne graduated from the University of Idaho in 1984 with a Bachelor of Science in Finance.
Mr. Steward, age 70, currently sits on the boards of BCI Construction Inc., a privately-held corporation based in Colorado Springs, and Pikes Peak Range Rider Foundation, a Colorado non-profit corporation. Mr. Steward has previously sat on the boards for the Colorado Springs Chamber of Commerce, Pikes Peak or Bust Rodeo (associated with the Pikes Peak Ranger Rider Foundation), Ride for the Brand Championship Ranch Rodeo based in Colorado Springs, and Sheet Metal Air Conditioning National Association (SMACNA). In 1995, Mr. Steward served as the National President of SMACNA. Mr. Steward is also currently a Trustee for the Sheet Metal Worker's National Pension Fund. In 1971, Mr. Steward joined Heating and Plumbing Engineers Inc. and retired as its owner in 2004. From 1965 to 1971, Mr. Steward worked at Alcoa Aluminum, where he helped develop aluminum beer cans and pull-tabs. Mr. Steward graduated from Colorado School of Mines where he received a Bachelor of Science in Metallurgical Engineering in 1965.
JW Roth, Chairman of Bourbon Brothers Holding Corporation stated, "Today we took a number of important steps that will accelerate our ability to meet our objective of opening 40 stores in 60 months. Shawn Owen has demonstrated great excellence as an experienced leader of operations in high growth restaurant brands. This strengthens both our company owned store growth capacity as well as our plans to franchise Bourbon Brothers Southern Kitchen. Robert Mudd will be focused on the real estate, which is a critical cornerstone to our growth strategy. Dave Lavigne brings significant financial and public company oversight experience to our board and Richard Steward has unparalleled experience in construction and general contractor oversight. This is a great foundation for our growing enterprise."
More information about Bourbon Brothers Holding Corporation can be found on the company's website, www.BourbonBrothers.com.
More information about the first location of Bourbon Brothers Southern Kitchen is available at www.BourbonBrothersSouthernKitchen.com.
The information in this news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties, including statements regarding the company's business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "should," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," or "continue," the negative of such terms or other comparable terminology. Actual events or results may differ materially. The company disclaims any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. The information constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
IR Contact: Mitchell Roth Email: Phone: (719) 265-5821 PR Contact: Brandy Fugate Email: Phone: (719) 265-5821