Kevin Kading and Lawrence Adams have been appointed Chairman of the Board and Corporate Secretary, respectively.
New York, NY (1888PressRelease) March 17, 2009 - NNRF, Inc. (OTC Pink Sheets: NNRI). As of March 2nd 2009 J. Holt Smith resigned as President and Director and Lawrence McQuade resigned as a Director of NNRF, Inc. and Kevin Kading was appointed Director and Chairman of the Board and Lawrence Adams has been appointed to the position of Corporate Secretary effective immediately.
Mr. Smith stated that he and Mr. McQuade believe that it is in the best interests of the shareholders of NNRF for their resignations and the appointment of Kevin Kading as Chairman of the Board.
Mr. Kading stated that he would do everything in his power to attempt to bring NNRF's SEC filings current and begin the re-building process of NNRF with the goals of developing a successful business and of restoring, as best as possible, shareholder value.
Mr. Kading has been on Wall Street since the late 1970's and has been instrumental in many restructurings and turnaround situations. He is Founder, President and Chairman of the Board to a publicly traded company that specializes in identifying and acquiring technologies, with the objective of building companies around the technologies that he believes will penetrate multi-billion dollar global markets, where the technology has a unique conducive application and are potentially cost competitive. "I am looking forward to the opportunity to assist in the re-building of NNRF into a viable business opportunity", stated Mr. Kading
NNRF provides technologies, either owned or licensed, that are intended for use in nuclear facilities, nuclear and hazardous waste management, and the public health sector.