LOS ANGELES, Aug. 26, 2015 (GLOBE NEWSWIRE) -- Globestar Industries (OTC:GSTI) (the "Company"), a Wyoming corporation engaged in cannabis industry consulting that has filed to change its name to Pineapple Express, Inc. and is in the process of changing its symbol, announced key appointments and hires following its August 24, 2015 share exchange with Better Business Consultants, Inc. DBA MJ Business Consultants.
"We are laying the foundation for Pineapple Express early on. We have hired the most experienced professionals and firms to help guide and promote our success in this very competitive marketplace that is filled with companies that are all cannabis industry leader hopefuls," commented Matthew Feinstein, CEO and Director of Pineapple Express, Inc. "It is our intent that these appointments and hires will send a strong message to our competitors and the public that we have the highest level of professionalism and responsibility from the onset."
Effective August 25, 2015, Christopher Plummer was appointed to the board of directors and Chief Compliance Officer. Mr. Plummer supports the Company's compliance with federal and state securities regulations. He interacts with the Company's advisors, outside counsel, executives, consultants, and staff with respect to all matters related to compliance. Mr. Plummer has over 16 years of experience in the securities and advisory compliance field. Throughout his career, he has provided valuable compliance oversight to firms engaged in proprietary trading, structured finance, private equity, institutional and retail brokerage and hedge funds. Mr. Plummer has experience implementing compliance programs for both public and private companies.
Mr. Plummer served as VP and Compliance Officer at Hudson Advisors, which advises the Lone Star Funds, from 2012 to 2015, where he was responsible for the firm's global anti-money laundering oversight program and aided in the review and filing of the company's various SEC form filings. Mr. Plummer served as Compliance Manager at the Penn Mutual Life Insurance Company in 2012; Corporate Compliance Officer at RAIT Financial Trust and Chief Compliance Officer for several RAIT subsidiaries from 2005 to 2011; Institutional Compliance Manager at Boenning & Scattergood, Inc. from 2004 to 2005; Compliance Analyst at Susquehanna International Group, LLP (SIG) from 2000 to 2002; and as an Options Investigator at the Philadelphia Stock Exchange from 1998 to 2000. Mr. Plummer is a past holder of the FINRA Series 4, 7, 24, 53, 55, 66 and 87 licenses. Mr. Plummer earned an undergraduate degree in Economics and an undergraduate in Finance in 1998 from West Chester University. Mr. Plummer joined the United States Marine Corps in 1996 and served as Logistics and Embarkation NCO for Headquarters Battery, 3rd Battalion, 14th Marines in Philadelphia until 2004.
Mr. Plummer's LinkedIn profile can be found at:
https://www.linkedin.com/pub/christopher-plummer/b8/382/b9a
In addition, the Company engaged Sichenzia Ross Friedman Ference LLP and partner Marc J. Ross as corporate and securities counsel. Mr. Ross advises clients on securities, corporate, regulatory and litigation/arbitration matters. He has substantial expertise advising clients in the cannabis ancillary service sector.
The Company has engaged Marcum LLP, an accounting firm with 60 years of experience and one of the largest independent and public company advisory service firms in the nation, as its independent public auditor. The Company engaged Chord Advisors, LLC to assist it with public company accounting and advisory services.
About the Company:
The Company is based in Los Angeles, California. Through our operating subsidiary Better Business Consultants, Inc. DBA MJ Business Consultants, we plan to provide capital to our canna-business clientele, assume the role as landlord and lease properties to those canna-businesses, and provide consulting and technology to develop, enhance, or expand existing and newly formed infrastructures. We intend to create a nationally branded chain of cannabis retail stores under the "Pineapple Express" name as soon as federal laws allow, which will be supported by anticipated Company-owned cultivation and processing facilities, and will feature products from anticipated Company-owned manufacturers. As long as cannabis remains federally illegal our operations will be limited to consulting, product licensing, leasing to and investing in existing and new canna-businesses, selling industry specific technology, and providing ancillary support services. We believe that our competitive advantages include our wealth of experience, business model, exclusive proprietary technology, and key industry contacts in an industry that is foreign to most. It is our expectation that these factors will set us apart from most of our competitors.