MIAMI, May 10, 2004 (PRIMEZONE) -- Azur International, Inc. (OTC:AZRI.PK), a luxury residential and resort development company, announced today the appointment of Ronald L. Meggison, Jr., as Chief Financial Officer and Treasurer.
Mr. Meggison joins Azur, bringing a wealth of financial experience focused on accounting and corporate governance. In addition, he brings a strong background from real estate, development and hospitality. Prior to his successful independent consulting practice, he served as the Executive Vice President, CFO, Treasurer and Secretary for SenTech EAS Corporation, a manufacturing company that traded on the Nasdaq stock exchange. Previously, he served as Director of Finance for OMI, a manufacturing company publicly traded on the American Stock Exchange, establishing and managing its financial, information, and reporting systems.
"Ron brings a financially seasoned background to Azur," said Chairman/CEO Donald Goree. "His diverse experience in holding multiple successful financially based executive positions in both private and publicly traded corporations is a true asset to the Company and shareholders alike," added Goree.
Mr. Meggison's career started in accounting, working in several capacities in the Florida operations of KPMG Peat Marwick LLP. He subsequently became an Audit Manager at KPMG Klynveld Peat Grootens in Curacao, Netherlands Antilles, managing multiple consulting, auditing, and public offering engagements for domestic and foreign companies from Europe, Latin America, the Caribbean, and the United States.
Azur has been very selective and strategic in organizing its Board of Directors and executive management. "I am very honored to be a part of Azur's management team, and look forward to offering my experience to contribute to the growth of the Company and increasing shareholder value," said Meggison.
Azur is presently constructing its Place Des Arts luxury waterfront property and has several nearly sold-out developments domestically. It is also currently completing due diligence for the acquisition of several boutique hotels and resorts internationally.
About Azur International, Inc.
Azur International, Inc., based in Miami, Florida, is a publicly traded company that currently develops and markets luxury residential and resort properties. Additionally, there are several real estate projects under consideration, including the purchase and development of luxury hotels and resorts, domestically and internationally, and land purchases in strategic areas that will provide inventory for future development or sale. For additional information about Azur International, Inc, go to www.Azur-Int.com.
Safe Harbor
The Private Securities Litigation Reform Act of 1995 may provide a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of Azur International, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions.
Azur International, Inc. 801 Brickell Avenue, 9th Floor Miami, FL 33131 USA Phone: (305) 789-6752 Fax: (305) 442-9126