Mr. Nikolas Perrault reports
COLT RESOURCES APPOINTS FORMER U.S. AMBASSADOR HANS H. HERTELL TO ITS BOARD OF DIRECTORS
Wayne Murton has resigned from Colt Resources Inc.'s board of directors, and the company has appointed Hans H. Hertell to its board of directors. The company wishes to thank Mr. Murton for having served as a director and will continue to use his services as a consultant.
Mr. Hertell has over 30 years experience in government, public affairs, business and banking. He was sworn in as the United States ambassador to the Dominican Republic on Nov. 8, 2001. When he finished his tour in May, 2007, Mr. Hertell was the second-longest-serving U.S. ambassador in the world.
Mr. Hertell has served with distinction as officer and member of the board of directors of public and private corporations. From 1981 to 1989, and by appointment of the president of the United States, he served on the board of directors of the Federal Home Loan Bank of New York, a banking system created by U.S. Congress which at the time had over $1.3-trillion in assets. Subsequently, Mr. Hertell served as chief executive officer and chairman of the board of Ponce Federal Bank (NYSE), one of the largest publicly traded corporations in the Caribbean, with $1.3-billion in assets. He also served on the board of directors of OCASO Insurance, a subsidiary of the largest insurance and reinsurance holding companies in Spain.
Mr. Hertell currently serves on the board of directors of InterEnergy Holdings, a holding company that owns and operates power generation and distribution assets in Latin America and the Caribbean. He is also president and chairman of the board of directors of U.S. Precious Metals Inc.
The president and chief executive officer of the company, Nikolas Perrault, comments: "We are delighted to welcome Ambassador Hertell to the board. The combination of experience and extensive global connections that he brings to Colt are impressive, and we look forward to working closely with him on numerous fronts. At the same time, we would like to thank Mr. Wayne Murton for his years of dedication and wish him the best on his future endeavours."
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