IRVINE, CA, Sept. 05, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - County Line Energy Corp. (“County Line” or the “Company”) (OTC: CYLC) today announced that D5 Partners, Inc. (“D5 Partners”), CYLC’s wholly-owned operating subsidiary, has appointed Manny Margaretis as the company’s new Chief Executive Officer. With more than 20+ years of experience initiating innovative technology solutions and business development for world-class organizations, Mr. Margaretis will lead the future development and expansion of the GrowBox 5000 family of products.
Eric Dena, County Line CEO and Grow Box 5000 co-creator, commented, “We are very excited to have manufacturing, operations, distribution expert Manny Margaretis leading the ongoing development of the Grow Box 5000 family of products. His vast experience at designing and building world-class technologies, his innate strategic problem-solving skills, and his shared vision for the potential of Grow Box 5000, makes him ideally suited to head our plan to dominate the premium home cannabis, vegetable, and plant cultivation market.”
Based in San Juan Capistrano, California, Mr. Margaretis is a strategic operations and manufacturing visionary who has directed sales, expansion, and profitability for start-ups, turnarounds, and high-growth businesses. Since 2000, Manny has provided operational, manufacturing, financial, and senior management acumen to numerous dynamic businesses, including executive coaching organization Vistage Worldwide and global clothing brand Baby Guess.
During this time, from 2011 to 2012, he successfully reinvented and improved overall marketing as Category Marketing Director with BAE Systems Products Group (Safariland), a $200 million defense contractor and #1 provider of protective products for police and military personnel. From 2008 to 2009, Manny revitalized manufacturing operations as a Consultant and Restructuring Manager with Malibu Boats, the #1 global manufacturer of water sport boats. Mr. Margaretis helped jump start revenues as Vice President, New Business Development & Supply Chain for American supercar manufacturer Saleen Automotive from 2005 to 2007. From 2003 to 2005, Manny championed the global business expansion of garment importer and manufacturer Cottonsmith as their Vice President, Business Development. Prior to his time as a business consultant, he founded and was CEO responsible for all aspects of operations and manufacturing at MTS, Inc., a $7 million active wear company based in Santa Ana, California. Mr. Margaretis earned an MBA from Pepperdine University, Malibu, California.
Manny Margaretis concluded, “I look forward to utilizing all of my skills and experience to realize our corporate vision that D5 Partners and Grow Box 5000 will become a leader in development, manufacturing, and sale of the most advanced fully automated micro-scale home and commercial agricultural technologies.”
Grow Box 5000 family of self-contained, fully automated, and expandable smart hydroponics systems for use in growing plants and vegetables in a compact environmentally controlled enclosure. D5 Partners is currently completing the manufacturing and testing of its first commercial Grow Box 5000 units which are expected to be delivered to pre-order clients in mid-August.
Additional information regarding Grow Box 5000 can also be found at www.gb5k.com.
Cautionary Note Regarding Forward-Looking Statements
This release by County Line Energy Corp. (“County Line”) may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as “expects,” “plan,” “believes,” “will,” “achieve,” “anticipate,” “would,” “should,” “subject to,” or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Although County Line management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve several risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; and the ability to obtain necessary financing on acceptable terms or at all. Known risks and uncertainties include those identified from time to time in the reports filed by County Line with OTC Markets. County Line assumes no obligation to update publicly any forward-looking statements contained in this press release.