Earthshine International Ltd.

November 28, 2007 09:30 ET

Earthshine International Ltd.: Appointment of Chief Financial Officer

LONDON, UNITED KINGDOM--(Marketwire - Nov. 28, 2007) - Earthshine International Ltd. (PINK SHEETS:ETHS), is pleased to announce the appointment of Rakesh Patel as Chief Financial Officer with immediate effect.

Rakesh has advised in over 25 public company transactions including admissions to the Alternative Investment Market (AIM) of the London Stock Exchange and reverse acquisitions. He has also acted as a Director of three London Stock Exchange AIM companies. Rakesh is a principal of Adler Shine LLP, a firm of chartered accountants in London, since 2003 Rakesh has been instrumental in leading corporate finance teams dealing with acquisitions, disposals, mergers, private placings and stock market flotations.

Rakesh contributed significantly to Adler Shine being awarded the prestigious 'Medium Size Accountancy Firm of the Year' award for 2005.

Rakesh was involved in advising in the UK on the acquisition of Ryman the Stationer and Contessa Ladieswear Limited.

Rakesh's experience of advising a number of companies across a broad range of business sectors makes him a valuable addition to Earthshine where he will assist in evaluating investment opportunities.

Anthony Sharp, Chairman & CEO of Earthshine, commented:

"The addition of Rakesh to the management team of Earthshine is a significant step forward for us, his breadth of experience in corporate finance and M&A will be of utmost importance to Earthshine in the forthcoming months"

Rakesh Patel stated:

"I am delighted to be assisting Anthony Sharp and Philip Knatchbull who have tremendous entrepreneurial flair and in whom I have confidence in delivering substantial value to the shareholders of Earthshine."

Rakesh, aged 44, graduated with a BA Hons. Degree in Economics, qualified as a Chartered Certified Accountant in 1991 and achieved the CF (Corporate Finance) qualification from The Institute of Chartered Accountants in England and Wales and The Securities & Investment Institute in 2006.

Contact Information

  • Earthshine International Ltd.
    Anthony Sharp
    Chairman & CEO
    UK Office: +44 207 351 4800