Real American Announces Top Position for Doug Newton

Rhea-AI Summary

Real American Capital Corporation (OTC PINK: RLAB) has announced the return of Doug Newton as Co-CEO, sharing the position with Julian Decierdo. Newton, who previously served as CEO from 2001 to 2019, replaces Jon Dougal, who has been interim CEO since January 2022. The Strategy Review Board, which includes notable members from various industries, has tasked Newton with leading the company toward future growth and profitability. Further details on RLAB's strategic direction are expected by July 1, 2022.

Positive

• Doug Newton's return as Co-CEO may strengthen leadership and strategic direction.
• Plans for future growth and profitability indicate potential positive developments for the company.

Negative

• Leadership transition might create uncertainty in the short term.

PALM SPRINGS, CA / ACCESSWIRE / June 7, 2022 / The Real American Capital Corporation (OTC PINK Limited Info:RLAB) announced today the return of Doug Newton as Co-CEO of the company. He will divide top management duties with Co-CEO Julian Decierdo.

Newton, a graduate of Columbia Univ. in New York City, was RLAB's CEO from 2001 to 2019 and is its current creative director. He will replace 80+ year old Jon Dougal who has been serving on an interim basis since RLAB's prior chief executive left the company in January 2022.

Newton's prior experience included account management duties for General Foods and Norwich Pharmacal for which he won a Clio Award, before heading up Yankee One, the sports management company whose clients included Billy Martin, Phil Rizzuto, Whitey Ford, Mickey Mantle and Sparky Lyle. See in-the-media info at https://www.bornandbredintheusa.com/

In 2001, Newton founded RLAB when its original name was Billy Martin's USA.

In recent years, as creative director, he successfully developed tag lines and trademarks for current and future RLAB products, including marks for "Resurgent", "Healthy Living Soil", "Nature Treating Nature", "Fertile Fields", "Green Blues", "Rising Harvest" and "Born & Bred in the USA."

Since January 2022, Newton has directed RLAB's Strategy Review Board, whose members include Jon Dougal, Co-CEO Julian Decierdo and William Danshin, president of the Pure Water Corporation specializing in water purification, renewable energy systems, and agriculture technology. Danshin said one of the Board's first decisions was to ask Newton to step back in as full-time CEO.

Newton agreed on condition that Jon Dougal remain active in the company for the year ahead, at a minimum. Other decisions describing RLAB's future plans for growth and profitability will be announced by the Board by July 1, 2022.

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About Real American Capital Corp. (OTC PINK:RLAB):

Real American Capital Corporation (OTC PINK:RLAB) trades on the Pink Open Market. Investors can find Real-Time quotes and market information for the company at https://www.otcmarkets.com/stock/RLAB/.

RLAB's menu of US trademarks registered includes Born & Bred in the USA® (owned by RLAB since 2011);

Forward Looking Statement:

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Real American Capital Corp. its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy.

Contact:

jon@rlabusa.com / julian@rlabusa.com -- 310-289-5000 (phone or text)
Real American Capital Corp. 74725 Joni Drive -- Palm Desert, CA 92260 https://rlabusa.com/

SOURCE: Real American Capital Corporation

View source version on accesswire.com:
https://www.accesswire.com/704230/Real-American-Announces-Top-Position-for-Doug-Newton

FAQ

Who is Doug Newton in relation to RLAB?

Doug Newton has been appointed Co-CEO of Real American Capital Corporation (OTC PINK: RLAB), returning to a leadership role he previously held from 2001 to 2019.

What is the significance of Doug Newton's return to RLAB?

Newton's return is significant as he may implement familiar strategies that could enhance the company's growth and profitability.

What can investors expect from RLAB by July 1, 2022?

Investors can expect announcements regarding RLAB's strategic plans for growth and profitability by July 1, 2022.

Who are the members of RLAB's Strategy Review Board?

The Strategy Review Board includes Doug Newton, Jon Dougal, Julian Decierdo, and William Danshin, who specializes in water purification and renewable energy.