ULAANBAATAR, MONGOLIA--(Marketwired - Jan. 27, 2014) - KHOT INFRASTRUCTURE HOLDINGS, LTD. ("KHOT" or the "Company") (CSE:KOT) announces that Mr. Paul Rapello has tendered his resignation as a director of the Company, effective January 22, 2014.
"On behalf of the board of directors and management, I would like to thank Paul for his commitment to the development of the Company since its creation in November 2011 and to his willingness to contribute to a positive and constructive transition," said Don Padgett, President and CEO. "We also wish to thank him for his years of service and wish him the very best in his future endeavours."
Khot is pleased to announce the launch of its newly redesigned website at khot-infrastructure.com. The new corporate website offers clear and concise access to information pertaining to Khot's operations, providing an informative and visually appealing platform for its shareholders and potential investors to receive the most current company information.
Our goal is to become the leading Mongolian transportation contractor and the preferred choice for employees, shareholders and partners. Our focus is on high margin contracts, such as highways and regional roads. Our mission is to provide the infrastructure needed for one of the world's fastest growing economies.
The CSE has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved the contents of this press release.
Disclaimer for Forward-Looking Information
Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.
Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties.
There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.