Astra Energy Inc. Appoints New Management Team to Lead Key Business Development Strategies
SAN DIEGO, CA - TheNewswire - October 16 2020 - Astra Energy Inc., (OTC:ASRE) ("Astra" or the "Company"), an emerging leader in the acquisition and development of technology in the Waste-to-Energy project sector, is pleased to announce the appointment of four experienced professionals to its management team. The addition of the following individuals will be key in supporting the Company's new business development strategy.
Kermit Harris, President and Director
Mr. Harris is a proven and unique transformational leader with over 20 years of experience in real estate acquisition, commercial financing, business development, and strategic planning. Top performer and change agent in executive leadership due to out of the box yet risk adverse solutions. Extremely versatile combination of high quality cross-functional management qualifications, business strategies, institutional/governmental engagement, and dynamic spokesperson to carry out the strategic initiatives of any organization.
Mr. Harris is a Finance Major of the Gary Owen College of Business. From 1997 to 2019, Mr. Harris has held the positions of Business Development, Acquisition Portfolio Manager, Operations and Commercial Lending for Donato Group, S-2 Partners Development, What Crepe, Brown-Schroder, Old Kent Bank and Regional Financial Group.
Todd Mueller, Chief Financial Officer and Director
Mr. Mueller is a seasoned executive who has held executive senior-level positions for both private and public traded companies during his over 30-year career. For the past 15 years, Todd has worked as a fractional CFO for a variety of client companies providing his talents to build highly effective financial processes and procedures to handle rapid growth, provide disciplines and leadership, and raise the appropriate financial capital to provide stability during all stages of the company's life.
In addition, Mr. Mueller is adept at providing projected financial, valuation and cash management modeling that supports strategic executive management of the company for day-to-day and projected future. He is regarded as a highly analytical decision-maker, experienced in building companies, along with a proven history of generating corporate productivity. Mr. Mueller has secured over $300 million in public offerings and over $100 million in private placement offerings with full knowledge of Registration Statements and Private Placement documents and the required reporting, respectively.
Jeff Palumbo, Chief Technology Officer
Mr. Palumbo is an active entrepreneur with a highly creative and assertive "lead by example" management style, combined with a heart for helping people through business and charitable initiatives. He has extensive experience of starting companies in entertainment, charity, live streaming, Augmented Reality, Virtual Reality, Development and Internet marketing.
Before founding Y!RM, Mr. Palumbo helped to start, fund and build the successful tech company Wantsa Inc. (www.wantsa.com, a.k.a. United Media Partners), a deal origination and syndication platform for enterprise companies, where he was instrumental in the growth of the company as an executive. Among the companies he has helped to establish are I.M.E.C.A. (Incubator for Music, Entertainment and creative arts), which assisted Detroit-area music entrepreneurs; Printorweb.com, a business solutions provider; Free Pickles, a daily deals site; OverFlowParking.com, ParkItAll.com (parking marketplace), TextFans.com (an enterprise SMS Platform) and Performance Accelerator or PAX a portfolio of dozens of SAAS solutions for businesses in one white labeled hosted solutions for business networks.
Lisa Kowan - Corporate Secretary
Ms. Kowan brings over 20 years of experience as a corporate/securities paralegal, working with both large and small public companies listed for trading on US and Canadian stock exchanges. For the past 5 years, Ms. Kowan has provided corporate secretarial consulting services for US and Canadian companies.
About Astra Energy Inc.
Astra Energy Inc., (OTC: ASRE) ("Astra" or the "Company"), is an emerging leader in the acquisition and development of technology in the Waste-to-Energy project sector. These projects will specialize in providing sustainable waste and energy solutions and will safely convert millions of tons of waste from municipalities and businesses into valuable clean, renewable biofuels, biodiesel and jet fuel. The Company will provide comprehensive material management services to communities seeking solutions to some of today's most complex environmental challenges. The systems used in the power facilities will greatly reduce or eliminate methane emissions from landfills, as well as reduce reliance on imported fuels by replacing them with biofuels made from agricultural products.
The Company will create a valued intellectual property portfolio by way of securing global licenses for or co-developing technologies that can convert multiple different waste streams into renewable fuel sources more efficiently and at a considerably lower cost.
For more information, please visit www.astraenergyinc.com
Astra Energy Inc.
9565 Waples Street, Suite 200
San Diego, CA 92121
Toll Free 1.833.277.3247
Safe Harbor and Forward-Looking Statements
This press release may contain "forward-looking" information within the meaning of the Private Securities Litigation Reform Act of 1995. In accordance with the safe harbor provisions of this Act, statements contained herein that look forward in time that include everything other than historical information, involve risks and uncertainties that may affect the Company's actual results. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those
expressed in any forward-looking statements made by the Company, including, but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance. Further caution is given as the Company is not current with its public disclosures and limited information about the Company's financial condition or operations is available to investors adding additional risk to potential investors.
Put this in a completely separate filing if neccessary:
On May 16, 2020, the board of directors approved a change of name to Astra Energy Inc. from Ocean Smart Inc. The board also approved a consolidation of shares. All issued and outstanding shareholders of common stock will receive one share of 'ASRE' for each 50 shares owned.
The change of name and consolidation was approved by the Financial Industry Regulatory Authority ("FINRA") on August 24, 2020. Upon effect of the consolidation, the issued and outstanding shares of common stock was reduced from 77,000,000 to approximately 1,540,000.