SOURCE: UMED Holdings, Inc.

April 01, 2016 16:15 ET

UMED Holdings, Inc. Announces the Addition of Four Members to Its Board of Directors

FORT WORTH, TX--(Marketwired - Apr 1, 2016) - UMED Holdings, Inc. (OTCQB: UMED), board of directors appointed Kevin Jones, Ransom Jones, D. Patrick Six and Raymond Wright as four additional directors to join the three current directors of UMED, Richard J. Halden, Randy Moseley, and T. Craig Takacs. The newly appointed directors will hold office for the term for which elected and until their successors are elected and qualified or until their earlier death, resignation or removal.

Ransom B. Jones, UMED's current Interim Chief Executive Officer, age 67, has over 40 years of diverse business experience. He is a retired partner of KPMG Peat Marwick and former Chief Financial Officer of two publicly traded corporations, Western Preferred Corporation and El Paso Refining, Inc. He has also served as an officer of some of the largest and most prestigious global financial institutions including Goldman Sachs, Citicorp, ABN-AMRO Bank and AIG. After resigning from AIG, Mr. Jones created a very successful small business for life insurance lending. He graduated from the University of Texas at El Paso in 1971 with a BBA, Accounting. Ransom B. Jones and Kevin Jones are brothers.

Kevin Jones, age 51, founded All Commercial Floors in 1999 and is responsible for its overall operation. Under his leadership ACF has grown from a two-person business in the corner of his garage to one of the largest and, we feel, one of the most respected commercial flooring companies in the country with offices throughout the United States, and with annual sales exceeding $40 million. Today, ACF may well be considered the premier healthcare flooring contractor in the country, serving customers from Alaska to Florida, Maine to California and beyond. ACF has also spread beyond the healthcare sector with expansion into the general commercial flooring sector with offices in key U.S. markets. This has led to landmark projects at venues such as the Gaylord Texan, American Airlines Center, the University of Alabama and Cowboys Stadium. We believe that no other flooring contractor in the country has the ability to reach any corner of North American continent with the skill and success of ACF. He attended Texas Tech University in Lubbock, Texas. Kevin Jones and Ransom B. Jones are brothers.

Raymond Wright, age 79, has served as the President of Greenway Innovative Energy, Inc. (a wholly-owned subsidiary of UMED) since August 2012. Mr. Wright was a co-founder of DFW Genesis in 2009, where he began working on the natural gas to liquid (GTL) process and worked through 2012, when he and Conrad Greer formed Greenway Innovative Energy, Inc. to continue working on the GTL process. Previously, Mr. Wright worked with Dallas based Texas Instruments (TI) operations he managed and opened up new markets for (TI) in England. He developed and built a materials manufacturing facility for TI's European operation and introduced TI's Light Sensor technology in Europe.

D. Patrick Six, age 63, has served as a Vice-President of Greenway Innovative Energy, Inc. since May 2013. He has also provided consulting service to UMED since May 2011. He has been in the oil and gas industry for 37 years as an independent operator of oil and gas properties both as an owner and consultant. He received a BBA in marketing from Texas Tech University in Lubbock, Texas.

UMED Chairman Randy Moseley said, "We appreciate the willingness of these gentlemen to join UMED's board of directors and are looking forward to utilizing their management and financial skills as we continue to raise capital for the development our GTL technology by our wholly-owned subsidiary, Greenway Innovative Energy, Inc." 

About UMED Holdings, Inc.
UMED Holdings, Inc., is a Fort Worth, Texas-based global diversified holding company that has ownership in businesses in a variety of industries including energy, oil and gas, aerospace and mining. Visit http://umedholdings.com to learn more.

Forward Looking Statements
This document contains forward-looking statements and information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward looking statements as a result of various factors, including market conditions, competition, advances in technology and other factors.

Contact Information

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    UMED Holdings, Inc. Contact
    Investor Relations
    817-223-2211