December 3, 2020 – Vancouver, BC – Geyser Brands Inc. (TSX-V: GYSR)(“Geyser Brands” or the “Company”) wishes to provide a corporate update to its shareholders and announces that the Management of the Company is currently working to complete its annual financial statements and accompanying management discussion and analysis for the year ended March 31, 2020 (the “Annual Documents”). Upon filing of the Annual Documents, the Company will apply to the Commission for the revocation of the Cease Trade Order and the subsequent approval of the Exchange to resume trading.
The Company is pleased to announce the appointment of Zhefei Song and Qiping Men as independent directors of the Company effective December 1, 2020.
Qiping Men, P Eng., CPA, CGA is a professional engineer and accountant with many years of experience in the oilsands industry and is currently the CEO and Executive Vice Chairman of Everest Canadian Resources Corp. based in Calgary, Alberta. He has held management positions in Sunshine Oilsands Ltd., Goldenkey Oil Inc. and Anterra Energy Inc.
Zhefei Song, aged 45, has extensive experience in the Asian and Canadian oil and gas industry, starting in 1995 through selling equipment in China. Mr. Song's customers included all major players in the Chinese oil and gas industry: China National Offshore Oil Corp (CNOOC), China National Petroleum Corporation (CNPC), and China Petrochemical Corporation (China SINOPEC). Mr. Song established his own company, Admetal Engineering Corp. in Canada in 2001 and co-founded Telamonn Energy Services Inc. in 2012. Mr. Song has previous management experience with Siemens.
“On behalf of the Board, I am delighted to welcome Zhefei Song and Qiping Men to the Company. We continue to build a strong board with a combination of skills and expertise that will help achieve the Company’s strategic goals,” stated Wei Zhong, CEO.
In addition, the Company wishes to announce the resignation of Tim Murphy and Aerock Fox from the Board of Directors, and Brad Kersch from the Board of Directors and as Chair of the Board of Directors, and thanks them for their service.
For more information, visit the company’s website at www.geyserbrands.com.
On Behalf of the Board of Directors
Director and CEO