MDWerks Expands its Board with the Appointment of Tim Brocopp as a New Independent Director

Rhea-AI Summary

MDWerks (OTCQB: MDWK) has expanded its Board of Directors to four members with the appointment of Tim Brocopp as a new independent director, effective November 18, 2024. Brocopp brings nearly three decades of leadership experience in the beverage distribution industry. He previously served as President and CEO of Intermountain Distributing Company and started his career at Hensley Beverage Company. The appointment aims to support the expansion of MDWerks' Two Trees Beverage Company and RF Specialties subsidiaries.

Positive

• Board expansion strengthens corporate governance
• Addition of industry veteran with specific beverage distribution expertise
• Strategic alignment with company's beverage subsidiary expansion plans

Negative

• None.

GREEN COVE SPRINGS, Fla., Nov. 22, 2024 (GLOBE NEWSWIRE) -- MDWerks, Inc. (“MDWerks” or the “Company”) (OTCQB: MDWK), a forward-thinking company leading the charge in the world of sustainable technology, today announced the expansion of the Company’s Board of Directors (the “Board”) to four members with the appointment of Tim Brocopp, a seasoned beverage distribution industry executive, as a new independent director, effective November 18, 2024.  

Jim Cassidy, Executive Chairman of MDWerks, commented, “Tim brings to MDWerks nearly three decades of leadership experience in the beverage distribution industry with a track record of delivering growth and operational excellence. We welcome him to our Board and look forward to his guidance and strategic insight as we continue to drive the expansion of MDWerks’ award-winning Two Trees Beverage Company and RF Specialties subsidiaries.”

Mr. Brocopp added, “I am honored to join the Board at this exciting time in MDWerks’ growth journey and eager to partner with leadership to accelerate the Company’s expansion.”

Mr. Brocopp began his career in the management and training program at Hensley Beverage Company, a prominent beverage distributor in Arizona. He then joined Intermountain Distributing Company, a leading regional beverage distributor, where he held various sales and management positions before assuming the role of President and CEO. During his career, he has held several board and advisory positions, including with First Interstate Bank Advisory Board, St. Vincent Healthcare Foundation, Anheuser-Busch Advisory Panel, MT Beer and Wine Distributors Association, Friends of the Children, and the Rocky Mountain College Board.

About MDWerks, Inc.
MDWerks, Inc. (“MDWerks”) (OTC: MDWK) is a forward-thinking company that is leading the charge in the world of sustainable technology. As a prominent provider of energy wave technologies, MDWerks is committed to developing innovative solutions that help businesses reduce their energy costs and drive business value. For more information, please visit https://mdwerksinc.com/.

MDWerks’ wholly owned subsidiary, Two Trees Beverage Company, is headquartered deep in the Appalachian Mountain country, creating fine spirits, aged sustainably. Two Trees’ fine spirits brands, including Two Trees^® and Tim Smith Spirits^®, have received multiple industry awards, including recent recognition at the 2022 Sip Awards, the 2022 Fifty Best Awards, and the 2023 Best of Asheville. For more information, please visit https://twotreesdistilling.com/.

MDWerks’ wholly owned subsidiary, RF Specialties, LLC (“RFS”) addresses companies’ most pressing challenges by implementing automated radio frequency technology systems in a sustainable way, reducing energy costs and increasing speed to market when compared to traditional methods. For more information, please visit https://www.rfspecialtiesus.com/.

Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements”. Forward-looking statements also may be included in other publicly available documents issued by MDWK and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “would,” “could,” “will” and other words of similar meaning in connection with a discussion of future operating or financial performance.

Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.

Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause MDWK’s actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for MDWK’s products and services, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission from time to time, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K, which are available on the Securities and Exchange Commission’s website at sec.gov. We assume no obligation to update any forward-looking statements contained in this press release.

Company Contact:
MDWerks, Inc.
Steven Laker
T: (252) 501-0019  
stevel@mdwerksinc.com

Investor Contact:
The Equity Group        
Kalle Ahl, CFA                
T: (303) 953-9878        
kahl@equityny.com

FAQ

When did Tim Brocopp join MDWerks (MDWK) Board of Directors?

Tim Brocopp joined MDWerks' Board of Directors as an independent director effective November 18, 2024.

How many members are now on MDWerks (MDWK) Board of Directors?

With Tim Brocopp's appointment, MDWerks' Board of Directors has expanded to four members.

What is Tim Brocopp's background before joining MDWerks (MDWK)?

Tim Brocopp has nearly three decades of beverage distribution industry experience, including roles as President and CEO of Intermountain Distributing Company and early career at Hensley Beverage Company.