LadyBug Resource Group Appoints Former Toyota Executive Thomas Krucker as CEO and Chairman
11 Novembre 2010 - 2:00PM
Ladybug's Board of Directors has appointed Thomas F. Krucker as
Chief Executive Officer and named Chairman of the Board of
Directors. Krucker served with Toyota USA for 11 years and
held national positions as IR Director and Import Director for the
USA.
During the course of his time with Toyota, his duties included
oversight for five divisions which reported to him, including
truck/rail transportation, ship routing, ten port authorities
around USA, treasury/customs responsibility for company,
insurance/claims, damage control for ocean rail vehicle delivery,
truck assembly at all ports, accessory and preparation at all
ports.
For the past five years, Krucker has been working in the
investment banking industry and brings sophisticated financing and
market knowledge to LadyBug. Krucker's wide ranging and
valuable expertise, from the automotive industry to the financial
markets, will greatly assist in MAG's domestic and international
sales efforts. Krucker has a J.D. from Pepperdine College
of Law.
Craig Barton, COO of LadyBug, said, "LadyBug is excited to
appoint Thomas Krucker as Chief Executive Officer. Mr. Krucker
has a proven track-record of performance in the auto-industry with
Toyota and was responsible for the largest selling region in USA
and for building a dealer network for Toyota, which became the
first imported vehicle nameplate to out-sell and out-register all
domestic car lines including Chevrolet, Ford, and Chrysler."
Barton concluded, "Additionally, beyond his auto-industry
expertise, Mr.Krucker has sophisticated finance and equity market
knowledge and will be an invaluable asset to LadyBug and MAG."
About Mag International, Inc
Mag International, Inc. (MAG), based in Fountain Valley,
California, was founded in 2004 as a manufacturer and distributor
of quality and innovatively-designed mini-utility vehicles and
accessories. MAG has also developed a proprietary conversion kit to
electrify postal vehicles, which it will offer in 2011 along with
its complete line of all-electric, E85 and Gasoline utility
vehicles and parts. MAG has $19.8 Million in sales since
2004.
For more information, visit www.maginternationalinc.com
About LadyBug Resource Group, Inc.
LadyBug Resource Group Inc. (OTCBB:LBRG), headquartered in
Kirkland, WA, acquires and licenses breakthrough technologies,
patents, patents-pending and trade secrets in the Energy, Health
and Intellectual Property sectors. For more information please see
www.LadybugRG.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains forward-looking
statements (within the meaning of Section 27a of the Securities Act
of 1933 and Section 21e of the Securities Exchange Act of 1934)
regarding us and our business, financial condition, results of
operations and prospects. Forward-looking statements in this report
reflect the good faith judgment of our management and the
statements are based on facts and factors as we currently know
them. Forward- looking statements are subject to risks and
uncertainties and actual results and outcomes may differ materially
from the results and outcomes discussed in the forward-looking
statements. Readers are urged not to place undue reliance on these
forward-looking statements which speak only as of the date of this
press release. We undertake no obligation to revise or update any
forward-looking statements in order to reflect any event or
circumstance that may arise after the date of the press release.
Political and operational risks in the countries in which LadyBug
Resource Group Inc. may operate and governmental regulation and
judicial outcomes, and other risks detailed from time to time in
LadyBug's filings with the Securities and Exchange Commission,
including its Quarterly Report on Form 10-Q for the quarter ended
March 31, 2009. Copies of each filing may be obtained from the
S.E.C. or its web site at www.sec.gov.
CONTACT: CenterPoint Communications Group, LLC
Todd Lorenze, Investor Relations
(386) 775-2020
info@centerpointcg.com
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