Bourque Industries, Inc. Announces Restructure And Expansion Of Its Board Of Directors And Selection Of A New Interim Chief Executive Officer

From 1996 to 2001 Mr. Willis served as President North Latin America for The Coca-Cola Company, a company in the business of beverage manufacturing and sales.  Mr. Willis' duties included leadership of this roughly $2Billion enterprise, management of more than 40 manufacturing plants and leadership of more than 20,000 people.

Mr. Willis began his career as a Second Lieutenant in the United States Army in 1982. He served in various combat arms leadership capacities around the world including assignments in the 1st Cavalry Division and the Pentagon.  He worked on the Strategic Defense Initiative (Star Wars) and numerous other compartmentalized (black ops) programs including the Army Robotics Initiatives and Unmanned Aerial Vehicle initiatives.  He authored the Counter-Air Concept to change the role of Air Defense which was later adopted as doctrine.  He received numerous decorations, including two Meritorious Service Medals, two Army Commendation Medals, the Army Achievement Medal, and the Airborne Parachutist badge during his military career; he was honorably discharged with the rank of Captain. 

He received his BS. Degree in Engineering from the US Military Academy at West Point and an MBA Degree from the University of Chicago. 

Sean Floyd has been elected Interim Chief Executive Officer of the Company.  Mr. Floyd has been serving as Executive Vice President for Bourque Industries, Inc. since January of last year.  From January 2003 to 2012 he founded and operated 5^th Avenue Media/Marketing/Photography a company specializing in photography, props for magazine publishing companies, newspaper advertisements, celebrity portfolios/ weddings, Web Design and E Commerce, for clients such as Porsche, Nissan, Rooms to Go, PGA Golf, Century 21 and WCI.

The Change in Officers became necessary with the decision by a Tucson jury on Wednesday to find Mr. Bourque guilty on two counts of drunk driving stemming from an incident which occurred back in 2009.   The charges did not involve moral turpitude, but under stiff Arizona DUI laws the charges could result in Mr. Bourque's serving a significant sentence.  A sentencing hearing is scheduled for March.  Mr. Bourque has steadfastly maintained his innocence in the matter and has indicated he intends to appeal.  As a result, the consequences of the jury's decision on the availability of Mr. Bourque to carry on as Chief Scientist and director of the Company are at this date uncertain.

Company management is optimistic that this restructuring and expansion of the Board of Directors and realignment of officers will assist the Company in moving forward quickly from this point to commercialize its Kryron products, close on potential orders, and book sales and create cash flow, whether or not continuing day to day services from the Company's inventor are interrupted.

This communication to shareholders and the public contains certain forward-looking statements. Sometimes these statements will contain words such as "believes," "expects," "intends," "should," "will," "plans,", " is optimistic",  and other similar words. The events described in these forward looking statements are not certain to occur. These statements are only predictions and involve known and unknown risks, uncertainties and many factors beyond our control. Although forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment, actual results could differ materially from those anticipated in such statements.

SOURCE Bourque Industries, Inc.