Press Release – June 19, 2018
No Borders, Inc. (OTC:NBDR) subsidiary Lannister Holdings, Inc. announces restructuring of Series A Redeemable Preferred stock, CCO change & Naming of additional Advisory Board Member.
No Borders, Inc. (OTC:NBDR) has restructured the conversion and voting rights of the Series A Preferred Stock of the Company, Named Morissa Schwarts as Chief Communications Officer and Named Christopher Nelson as an Advisory Board Member.
We are committed to structuring our company strategically to support our long term goals, as the only holders of Series A Preferred Stock our founding group has decided to reduce our conversion rights and restructure the voting rights of the Series A Preferred Shares of NBDR, I believe that these changes are a testament to our commitment to run a fiscally conservative organization. Additionally, I am very happy to announce that Morissa Schwartz has been promoted to Chief Communications Officer and the naming of our newest Advisory Board Member, Christopher Nelson to the Financial Products & Securities Seat of the Lannister Holdings, Inc. Advisory Board. Joseph Snyder, CEO
Series A Preferred Stock Restructuring;
On June 18th No Borders, Inc. filed an Amendment to Certificate of Designation After Issuance of Class or Series with the State of Nevada to amend the Series A Redeemable Preferred Stock
The Conversion Ratio is being reduced from 1 share of Series A Redeemable Preferred Stock being convertible into 100 shares of common stock, to 1 share of Series A Redeemable Preferred Stock being convertible into 20 shares of common stock; and,
The Voting Rights are being amended from 66 2/3 for Series A Redeemable Preferred Stock to 100 votes for each share of Series A Redeemable Preferred Stock.
Chief Communications Officer;
The Board of Directors of Lannister Holdings, Inc. has accepted the resignation of Kyle Kummerle from the Board of Directors and the Chief Communications Officer role.
I am stepping down as director and CCO. At this time, I have been presented with the opportunity to further pursue my professional vision to grow the Arizona entrepreneurial ecosystem and technology sector via incubation and acceleration. Leaving Lannister and starting this new journey would not have been possible without the support from the entire Lannister Team. Kyle Kummerle, Former CCO & Board Member, Lannister Holdings, Inc.
The Board of Directors has promoted Morissa Schwartz to Chief Communications Officer effective immediately. Morissa has done an exemplary job of expanding the Lannister message and building the PR systems and teams in addition to curating and crafting the articles, blogs and website content for the Lannister Brands. She has proven herself to be a strong team member, an honest and diligent team leader as well as a passionate advocate of the Lannister Vision. We are profoundly grateful for her energy and look forward to her deploying her talents on behalf of our Company into the future.
Advisory Board Appointee;
The Board of Directors has named Christopher Nelson to the Financial Products & Securities Seat on the Advisory Board for a 12 month term effective June 20th 2018. Christophers experience in Mortgage, Securities, first to market financial solution, blockchain, private equity, education, financial regulations and strategic operations make him a wonderful mentor and advisor for the internal Lannister Teams and a powerful advocate of the Lannister Mission. We are grateful to have him join our adventure and look forward to his insights and mentorship.
As a 27 year financial professional,Christopher Nelsonhas been a pioneer in fields of mortgage banking, real estate, and technology. As one of the founders ofLoanStreet.comMr. Nelson was involved in creating electronic mortgages and is credited with recording the first ever Electronic Home Loan and securitizing it with Fannie Mae directly on Wall Street. His partners were Microsoft, DocuTouch, First American Title, Flagstar Bank, the state of Florida, Calyx,RealEstate.com, and Fannie Mae. Mr. Nelson was honored with the Whos Who in Technology for two years in a row in 1999 and 2000. Nelson also helped pioneer Title Insurance and the Multiple Listing Service(MLS) for Mexico. As the CEO ofLoanStreet.com, Mr. Nelson employed over 350 people in his Bellevue, Washington headquarters and several hundred additional consultants off-site. Prior to its sale in 2001,LoanStreet.comcompeted head-to-head for customers with E-Loan, LendingTree, Ditech and Home Advisor.
After the sale ofLoanStreet.com, Mr. Nelson took time off to spend with his four children, consult a range of financial companies, speak motivationally, and train over 30,000 financial professionals on his First Call Program, an ethical sales program that engenders trust and referrals, “In The First Call”.
With the popularity of the blockchain and the smart distributed contract as a security and efficiency technology set to positively disrupt every part of the human experience Christopher sees the technological abilities to deploy the ideas and visions of truly disruptive lending and packaging tools that simply were not possible when Nelson’s Team and Partners invented the “First Electronic Home Loan”, and securitized it through Fannie Mae.
The theory of “Signing in Your Slippers”, became a reality in 1999, and now in 2018 the techn0logies are finally available to disrupt almost every type of business or industry for maximum impact, transparency and security.
“I am honored and excited to be an integral part of the efforts of Lannister Holdings, Inc., with regard to Commercial Real Estate Transactions, Financing, Insurance, and Securitization. The BlockChain technology is here to stay and I think it will get us closer to the quality of life that technology promised us, both as consumers and business professionals,” says Nelson.
Prior to his financial career, Mr. Nelson proudly served in the United States Navy as Crew Leader for the Bow of the USS Ranger, Aircraft Carrier, in the Persian Gulf Combat Theatre. In his personal time, Mr. Nelson enjoys his four children, tournament golfing, motorcycle racing, motivational speaking, actively fighting Veteran Homelessness. Mr. Nelson routinely speaks to corporations and consumers alike, about thevalue of your Ideas as new currency in your life.
No Borders, Inc.
Lannister Holdings, Inc. a wholly owned subsidiary of No Borders, Inc.
Morissa Schwartz, CCO
This press release may include forward-looking information based on current expectations. Actual results may differ from those projected. The reader is cautioned not to place undue dependence on any forward-looking information. Except as required by law, the Company renounces any intention and accepts no obligation to update any forward-looking statements, be it a result of new information, future events or otherwise. Furthermore, the Company assumes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.