CHLORIDE, Ariz., Dec. 12, 2011 (GLOBE NEWSWIRE) -- Hondo Minerals Corporation (OTCBB:HMNC.OB) is pleased to announce today that it has hired Christopher Larson as its chief financial officer and member of the Board of Directors effective December 12, 2011.
Chris has extensive public company experience and, co-founded and acted as CFO of Cash Systems, Inc., a NASDAQ traded financial services company involved in the casino gaming industry from 1999 to 2005. During that time Chris also was a Director of Cash Systems. Cash Systems was taken public via a reverse merger – and, during Chris' tenure the company experienced rapid revenue growth from $600,000 to $100,000,000 annually. As CFO he helped the company through $55,000,000 worth of private placements and assisted the company in securing several vault cash arrangements. Chris's experience with public companies ensures that he brings an extensive array of financial accounting, financial analysis, SEC reporting / compliance and management skills. From 2005 through 2011 Chris has severed as President of National Cash & Credit, a private financial services company.
"We are very pleased to announce that Chris has accepted the position of CFO and will join our Board," said Bill Miertschin, President and CEO. "Chris has been instrumental in helping the company get to where it is today. He possesses the integrity and experience that is the right fit for Hondo Minerals and the Board shares my confidence that he will continue to add significant value to the company in his new official capacity."
Additionally, Skip Headen has resigned from all corporate offices. Mr. Headen will still serve as an Independent Director of Hondo Minerals.
About The Company
Hondo Minerals Corporation is engaged in the acquisition of mines, mining claims and mining real estate in the United States, Canada and Mexico with mineral reserves of precious metals or non-ferrous metals. Hondo owns the Tennessee and Schuylkill Mines in Chloride, Arizona. The Tennessee Mine was the largest producing silver mine in Arizona history. The Tennessee Mine operated from the late 1800's until 1947 producing lead, zinc, gold and silver. The Company also owns numerous other mining claims in the US Southwest, which are being evaluated for additional reserves.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including the Company's beliefs about its business prospects and future results of operations. Some factors that could cause actual results to differ materially include economic and operational risks, changes in anticipated earnings, continuation of current contracts, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Forms 10-KSB and 10-QSB. The Company forecasts provided above are dynamic and therefore refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public. Please visit www.Hondominerals.com