EA Armament & Surveillance Technologies Inc. (formerly doing business as “EA Tech USA”) ends the year by severing it’s relationship with its Nigerian parent, of the same name; and seeking to rebrand itself with a new acronym “EAAST”.
The Nigerian parent, “EA Tech Nigeria”, divested it’s equity last week, with a private sale of 100% of EAAST common stock to a small group of New York based investors.
EAAST filed its most recent Form 4 with the US Securities Exchange Commission, on December 19th, 2019, indicating they now own more than 20% and continue to purchase common stock in the publicly traded American Defense Systems (OTC:ADFS).
The EAAST board has revealed they are nominating Mr. Ryan Reeves, of Maryland, a career mortgage banker, to be the next CEO of the New York based holding company. EAAST will also recommend Mr. Ryan Reeves and Mr. Wayne Wright, a career commercial banker, be accepted as a Director of ADFS.
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