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Isodiol International Inc (2)
Symbol ISOL
Shares Issued 80,543,692
Close 2020-07-24 C$ 0.055
Recent Sedar Documents

Isodiol CFO Dusenberry leaves company

2020-07-27 12:22 ET - News Release

Mr. Andrew Alvis reports

ISODIOL INTERNATIONAL INC. ANNOUNCES SWEEPING EXECUTIVE MANAGEMENT CHANGES

Isodiol International Inc. has officially launched the search for a new chief financial officer, following the departure of Eli Dusenberry, legacy executive.

The company has begun a search for a new permanent CFO, one who is in alignment with the core values of the new Isodiol. Legacy executive Mr. Dusenberry, who served as CFO for 23 months, is no longer with the company and Isodiol wishes him the best. Mr. Dusenberry's departure is a critical, pivotal move in the company's restructuring efforts. In the interim, a full-service public accounting and finance consulting firm will assist Isodiol with its financial reporting and analysis, implement processes and procedures to navigate its upcoming fiscal year 2020 audit, and continue to reconcile legacy operational accounting practices.

"Isodiol stakeholders, we see you; we hear you and we've taken swift action regarding your concerns. With the guidance of our new president, Andrew Alvis, we have quickly set new policies and operating procedures, placing Isodiol in position to soar beyond our wildest imaginations. We are extremely confident in our new executive leadership team and know the selection of our new CFO will help take Isodiol to a whole new level in this industry," said Marcos Agramont, chief executive officer, Isodiol.

New policies and procedures:

  • Implemented standard operating procedures to improve timelines for financial reporting;
  • Designed dual financial review and approvals to drive transparency and control measures to all current and proposed/requested expenditures;
  • Phased in product research, reviews to ensure Isodiol delivers quality, transparent product offerings to its customers;
  • Established customer service and support to provide five-star service; encouraging customers to prefer Isodiol as their brand of choice.

"We will continue to remain focused on Isodiol's restructuring execution. We will work to attract and retain the best talent for it is critical for the long-term success of Isodiol. We are confident through our current executive search process; we will be able to continue the expansion of our leadership team with proven and successful resources needed to ensure a streamlined restructuring execution for Isodiol. We will take necessary steps to extensively vet all qualified candidates and plan to have our new CFO hired by Sept. 1, 2020," said Andrew S. Alvis, president, Isodiol.

The company is grateful for your continued trust and support, and hope you are staying safe and healthy during these unprecedented times.

About Isodiol International Inc.

Isodiol is focused on the nutritional health benefits that are derived from hemp, and is a product development, sales, marketing and distribution company of hemp-based consumer packaged goods and solutions.

We seek Safe Harbor.

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