Community Redevelopment Appoints Joseph Gibbons to Its Board of Directors and Newly Formed Audit Committee

Rhea-AI Summary

Crosswind Renewable Energy Corp. (CWNR) has appointed Joseph Gibbons to its Board of Directors and the newly formed Audit Committee. Gibbons, who brings over 50 years of experience in business development and community relations, will enhance the company’s efforts in economic growth and redevelopment in underserved areas. CEO Charles Arnold expressed enthusiasm about Gibbons’ role in fostering mixed-use and environmentally conscious projects. The company aims to improve low-income neighborhoods and provide housing for veterans through strategic partnerships and government incentives.

Positive

• Appointment of Joseph Gibbons adds valuable experience to the Board.
• Focus on economic growth and redevelopment in underserved areas.
• Gibbons' extensive background in community relations and business development supports company goals.

Negative

• None.

MIAMI, June 15, 2021 (GLOBE NEWSWIRE) -- Crosswind Renewable Energy Corp. dba Community Redevelopment (OTC: CWNR) ("the Company"), a community oriented real estate redeveloper targeting economic growth and opportunity zones in secondary and tertiary markets, announced today that it has appointed Joseph "Joe" Gibbons to its Board of Directors and as a member of the newly formed Audit Committee.

Mr. Gibbons currently serves as the President of Gibbons Consulting Group, a consulting practice providing expertise in areas such as Business Consulting, Community Relations, Community Redevelopment, Government Consulting (Federal / State / Local), Energy Consulting, and Religious and Faith Based Group Outreach. As an Independent Board Member for Community Redevelopment, Mr. Gibbons will act on behalf of the shareholders to make overall policy decisions and provide oversight. Mr. Gibbons will also serve as an Independent member of Community Redevelopment's Audit Committee. The general role of Community Redevelopment's Audit Committee will be to assist the Board in monitoring its financial reporting process and related internal fiscal matters.

Charles Arnold, Chief Executive Officer of Community Redevelopment, said, “We are honored to have Joe Gibbons join our team as a member of our Board of Directors and our newly formed Audit Committee. We have been seeking independent Board members who share in the excitement, acceptance, and vision for our plan to develop mixed-use and transit oriented projects that are environmentally conscious and promote new urbanism. Joe's 50+ years of business experience, particularly in operations, business development and legal regulatory and governmental processes will be invaluable to our Board. We look forward to his advice and guidance."

Prior to founding a computer retail and distribution business in Michigan, Mr. Gibbons worked in sales management and marketing with IBM. He also served as President and General Manager of NER Dataproducts of Canada, a computer manufacturing and distribution company, and Ackerman LLP, a leading U. S. law firm, as a Public Policy Advisor. His early success allowed him to be appointed to the White House Conference on Small Business and recognized on the cover of Nation’s Business Magazine 1984. He was also recognized by the Small Business Administration as the “Minority Businessperson of the Year” for the Midwest Region in 1985 and as Chivas Regal’s Entrepreneur of the Year in 1986.        

Mr. Gibbons was elected as a City Commissioner in Hallandale Beach and to the Broward County Planning Council. He was also elected to the Florida House of Representatives in 2006. His service focused on Business & Professional Regulations, Budget, Economic Affairs, Energy and Utilities, Financial Services and Health Innovation. Mr. Gibbons was elected Chair of The Florida Legislative Black Caucus and the Minority Leader Pro Tempore. He also served as Chair of the National Black Caucus of State Legislators Energy, Transportation and Environment Committee helping pass major legislation in both the Midwest and Southeastern Regions of the United States. He left office due to term limits in 2014.

Mr. Gibbons is currently a Member of the Henderson Behavioral Health Centers Board of Directors, the Audit and Finance Committee and the Board of the Primary Care Clinics for the Palm Beach County Hospital District and the Aventura Marketing Councils Chairman’s Round Table. He is the Past President and Current Member of the Hallandale Rotary Club and was named Rotarian of the Year in 2005.

Joseph Gibbons commented, “Joining the Board of Community Redevelopment is a tremendous opportunity for me to utilize my knowledge and resources to assist management as they focus their efforts on providing economic growth, housing for veterans, and commerce and affordable housing to underserved areas. I look forward to being part of making the company successful for its stakeholders."

About Community Redevelopment

Community Redevelopment, Inc. operates as a community oriented real estate redeveloper targeting economic growth, housing for veterans, and opportunity zones in secondary and tertiary value-added markets. The Company is primarily focusing its efforts on bringing commerce and affordable housing to underserved areas. Community Redevelopment plans to provide numerous opportunities to improve low income neighborhoods for residential, commercial, and industrial opportunities through government incentives, long term partnerships and agreements. Our mission is to rebuild depressed communities, change the direction of youth and improve the quality of life in those communities, and provide our investors with an opportunity to profit. We intend to accomplish this by focusing on partnerships between the public and private sector to generate both business interest and business activity in low income neighborhoods that have gone unnoticed by the development community at large, while repairing and amending relationships in these underserved communities.

Community Redevelopment, Inc. is not an opportunity zone fund, or a real estate investment trust. Community Redevelopment, Inc. is a real estate developer offering potential investors an opportunity to participate in the process of investing in real estate projects that could improve the quality of life for residents of low income neighborhoods, via a publicly traded company. The Company intends to work with other real estate developers, as well as local and state government agencies to complete its projects in these communities.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to statements identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects" and similar expressions. The statements in this release are based upon the current beliefs and expectations of our company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Numerous factors could cause or contribute to such differences, including, but not limited to, results of clinical trials and/or other studies, the challenges inherent in new product development initiatives, the effect of any competitive products, our ability to license and protect our intellectual property, our ability to raise additional capital in the future that is necessary to maintain our business, changes in government policy and/or regulation, potential litigation by or against us, any governmental review of our products or practices, as well as other risks discussed from time to time in our filings with the Securities and Exchange Commission, including, without limitation, our latest 10-Q Report filed on May 17^th, 2021. We undertake no duty to update any forward-looking statement or any information contained in this press release or in other public disclosures at any time. Finally, the investing public is reminded that the only announcements or information about Cannabics Pharmaceuticals Inc. which are condoned by the Company must emanate from the Company itself and bear our name as its Source.

For Investor Relations, please contact:

David Kugelman
(866) 692-6847 Toll Free - U.S. & Canada
(404) 281-8556 Mobile and WhatsApp
Skype: kugsusa
ir@comredev.com

FAQ

Who is Joseph Gibbons and what role has he taken at CWNR?

Joseph Gibbons has been appointed to the Board of Directors and the Audit Committee of Crosswind Renewable Energy Corp. He has over 50 years of experience in business and community relations.

What are the responsibilities of the newly formed Audit Committee at CWNR?

The Audit Committee will assist the Board in monitoring financial reporting processes and internal fiscal matters.

What is CWNR’s focus regarding community redevelopment?

CWNR aims to target economic growth, housing for veterans, and redevelopment in underserved areas through mixed-use and environmentally conscious projects.

How could Joseph Gibbons' appointment impact CWNR?

Gibbons' extensive experience in operations and community relations is expected to provide valuable insights and guidance, potentially strengthening CWNR's strategic initiatives.

What is the mission of Community Redevelopment, Inc.?

The mission of Community Redevelopment, Inc. is to rebuild depressed communities, improve the quality of life, and provide investment opportunities in low-income neighborhoods.