TORONTO, ON--(Marketwired - Apr 3, 2014) - Toronto based Nevada firm Modern Mobility Aids Inc. (OTC Pink: MDRM) (PINKSHEETS: MDRM) an emerging company operating in the field of governmentally authorized medical marijuana and cannabis science is pleased to announce the appointment of Ken Pinckard to the position of Chief Executive Officer. Mr. Declan French will now assume the position of Chairman.
For the past ten years, Mr. Pinckard has been Chief Financial Officer and General Counsel for two public companies, responsible for all financial, accounting, auditing, SEC compliance and legal matters. Mr. Pinckard is a member of the State Bar of Arizona and has extensive experience in real estate, corporate finance, startup ventures, investments, entertainment, corporate acquisitions, tax and reorganizations. He previously practiced law at Chamberlain Hrdlicka White Johnson & Williams of Houston, Texas and also served as a tax specialist at Coopers & Lybrand in both Houston and Philadelphia. He also served as personal counsel to Congressman Barry Goldwater and in-house legal counsel for Hormel Foods heir and music composer, Geordie Hormel. Mr. Pinckard holds a B.B.A., Accounting from the University of Texas at Austin and a Juris Doctorate from the University of Houston. Mr. Pinckard has experience in the application process and implementation of start-up marijuana licensing and production ventures, having represented successful applicants for licenses to produce and dispense medical marijuana under the recently enacted Arizona law.
"The concept of MDRM and its initial implementation creates fascinating and unique legal and regulatory challenges. The formation of appropriate legal structures and securing regulatory approval of Health Canada for modern and technologically advanced cannabis research, production and distribution, is a significant challenge for which MDRM executive team is well prepared. The control, corporate governance, and compliance issues are complex. I am confident that MDRM is well positioned to receive the required approvals and achieve those objectives. MDRM will maintain the highest standard of compliance and accountability to its customers, shareholders and investors alike," stated Pinckard.
Mr. Declan French, Chairman of Modern Mobility Aids Inc., stated, "This is another exciting development for MDRM. Ken's experience as a businessman and attorney coupled with his experience with medical marijuana and a senior level executive in two public companies confirms his executive level legal and operational leadership. He is known for providing a pragmatic approach balancing legal risk against business interests."
This announcement further exemplifies the company's commitment to building a dynamic management team at Modern Mobility Aids Inc.