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| LSTS Looks Like the This One is Rocking |
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 Hot Stock to Watch |
Company: Lustros Inc. (OTCQB: LSTS)
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Last:
Price: 0.73
Change (%): + 0.095 (14.96)
Volume: 76,350 |
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Recent News:
Lustros Announces Additions to Executive Management Team and Board of Directors
SAN DIEGO - (BUSINESS WIRE) - LUSTROS, INC. (OTCQB: LSTS announced today that William Farley has accepted the position of Chairman and Chief Executive Officer.
Our current CEO, Gonzalo Troncoso, will remain as President. Making the announcement Mr. Troncoso said, “I am pleased to say that we are nearing completion of a copper sulfate processing facility, which will clearly give us a first class manufacturing capability. In addition, we have created an entirely new subsidiary, Mineraltus SA, to process tailings, which will allow us to expand our copper sulfate business significantly.
“We continue to strengthen our management team and are very pleased that Bill, as a major shareholder and investor, is joining the Lustros management team. Bill has extensive experience in manufacturing, mining, and finance and brings a wealth of knowledge and experience to our company. I, as President, will continue to be intimately involved in all our operations in Chile.”
Regarding his appointment, Bill Farley commented, “Having been a significant, early investor in Lustros, I am now pleased to be an active member of management. I am committed and motivated to complete the copper sulfate plant, begin production, and generate significant positive cash flow for the company.”
Mr. Farley is the sole shareholder of Liam Ventures, Inc., a private equity firm with investments in various industries including technology, communications, railroad, and basic industries. Mr. Farley is also CEO and owner of Zrii International in Salt Lake City, Utah, a liquid nutritional marketer. He served as chairman and chief executive officer of Farley, Inc. and Fruit of the Loom, Inc. from the time he acquired the company in 1986 through December 1999.
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