Mr. Biagio Vignolo Brings 30 Years of Industry Experience in M&A, International Tax and Finance, as Well as SEC Reporting
LOS ANGELES and SHENZHEN, China, Nov. 8 /Xinhua-PRNewswire-FirstCall/ -- Gulf Resources, Inc. (the "Company") (OTC Bulletin Board: GUFR) a leading producer of Bromine in China, today announced the appointment of Mr. Biagio Vignolo as an independent board member.
Mr. Vignolo is a partner with Tatum, LLC, the largest executive services firm in the US, and has been with the company since 2005. His experience includes working with a $400 million public company where Mr. Vignolo helped to assess financial staffing, establish business issues and implement the 2007 budget. Biagio also served as CFO for Sara Lee's $5 billion Hanes Brands, Inc. division where he where he built a separate financial team for the new public company as it separated from Sara Lee and also implemented Sarbanes-Oxley controls. From 2003 through 2005, Mr. Vignolo was Executive Vice President and Chief Financial Officer at Exide Technologies. During his time there, he maintained overall financial responsibility for over 30 subsidiaries on six continents, planned Sarbanes-Oxley implementation on a global basis, and arranged exit financing in conjunction with outside advisors and lenders. From 1989 to 2001, Mr. Vignolo was Executive Vice President and CFO of Sun Chemical Corp and was involved in over forty mergers and acquisitions which helped fuel Sun's double digit growth in sales and operating profits for more than a decade. Biagio received a B.S. degree in Accounting from Rider University.
About Gulf Resources, Inc.
Gulf Resources, Inc. operates through two wholly-owned subsidiaries: SCHC which is engaged in manufacturing and trading Bromine and Crude Salt in China. Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture, and SYCI which manufactures chemical products utilized in oil & gas field explorations and as papermaking chemical agents. For more information, please visit http://www.gulfresourcesco.com .
Safe Harbor Statement
Certain statements in this news release may contain forward-looking information about Gulf Resources and its subsidiaries business and products within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company's reports filed with the Securities and Exchange Commission.
For more information, please contact:
Company:
Ethan Chuang
Gulf Resources, Inc.
Tel: +1-714-858-1147
Email: Ethan@gulfresourcesco.com
Investors:
Matt Hayden
HC International, Inc.
Tel: +1-858-704-5065
Email: matt@haydenir.com
