New York, NY (PRWEB) September 28, 2012
Mr. Rivera, will also serve as the company’s manufacturer’s representative in Puerto Rico.
He has very extensive experience in both government and private sector service. Until August 2008, he was president and CEO of the United Retailers Association of Puerto Rico, and is currently a Member Emeritus of the Board. He is the President of ATM - Puerto Rico and the Caribbean, the Inter-American Business Alliance, and Chairman Emeritus of United States Hispanic Chamber of Commerce. From 2007 to 2009 he was Chairman of the International Committee of the United States Hispanic Chamber of Commerce (USHCC). In 1993, in collaboration with USHCC, he assisted in the establishment of an Office in Mexico City to offer services to the members of Mexico’s many Chambers of Commerce. “I look forward to working with Best Balms”, said he. “It will be a pleasure to introduce its excellent product line to my many friends and colleagues in the retail and wholesale industry at home in Puerto Rico and in the other countries of Latin America and the Caribbean”.
Best Balms is the third largest all natural specialty balm company in the United States and has the most comprehensive product line of specialty balms found in the world today. Best Balms products are 100% all natural. With the appointment of Mr. Rivera, Best Balms expects to ramp up the sale of its products to the 589 million people of the Latin American region.
On other matters, the Nevada Secretary of State’s Office has officially updated its information on DNDT to reflect the lowering of the authorized common shares from 2 billion down to 800 million, the authorization of 30 million preferred shares, and the amending and restating of the Articles of Incorporation. This was done with a view to building long-term shareholder value as the company moves to effect some of the acquisitions that are under consideration. “This was a promise made to shareholders some time ago”, said Jonathan Peters the Board Chairman, so I am pleased that Board was able to approve it and management moved efficiently to update the Nevada filings.” Concerning the authorization of the preferred shares, he said, “Given the current negotiations with a view to expanding the acquisition/investment holdings of the company, management felt it sensible to have a 30 million preferred share authorization on hand should it be necessary to facilitate exceptional acquisitions, and the Board agreed”, he said.
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