ULAANBAATAR, Mongolia (PRWEB) May 14, 2014
Consolidation Services Inc. (now Mongolia Holdings, Inc., the "Company") (OTCQB: MNHD) and its wholly-owned subsidiary, Mongolia Equipment Rental Corporation, announced that the Company has appointed Lewis Marks to its Advisory Board.
Mr. Marks has lived and worked in Asia for 37 years with a residence and business operations in Mongolia for most of the last 18. He currently serves as a Director of CWT Mongolia, importing diesel into Mongolia from Russia; is a shareholder of Bayandari LLC, a Mongolian agriculture company focused on wheat production from approximately 34,000 hectares outside of Ulaanbaatar; and is a Director of Tsast Impex LLC, the second largest construction company in Mongolia.
Mr Marks also serves as Member of the Board of Directors of the LIM Japan Fund, a role he’s had since 2002.
From 1980 to 1993 he was with Marc Rich & Co. AG (purchased by Glencore International AG in 1993) and remained with Glencore International AG from 1993 to 2000, where part of his responsibilities included selling Mongolian copper into China. Prior to that, from 1977 until 1980, he practiced law at Yanagida & Nomura in Tokyo, Japan (formerly Yanagida & Sakuragi).
Mr. Marks earned his Bachelor of Science in Foreign Service at the School of Foreign Service, Georgetown University in Washington, D.C. and his Juris Doctor from the School of Law, State University of New York at Buffalo.
He speaks Mongolian, Japanese, German, English and Mandarin.
Company EVP, Michael Telford, stated: “Lewis Marks brings a highly relevant background to the Company’s Advisory Board. He understands Mongolia very well, and given that our Hertz Equipment Rental clients will be primarily construction companies, Lewis’ industry experience there and knowledge of the country’s infrastructure and real estate development projects make him invaluable as an advisor.”
Consolidation Services Inc., through its wholly owned subsidiary Mongolia Equipment Rental Corporation, is the Hertz Equipment Rental franchisee in Mongolia. The exclusive franchise for Mongolia allows the Company to operate a business of renting, selling and maintaining equipment for use in construction, mining, materials-handling, commercial and industrial activities under the unique plan and system of Hertz Equipment Rental Corporation and Hertz Equipment Rental System.
Mongolia is one of the fastest growing economies in the world. With double-digit GDP growth, a predominant mining sector and an influx of outside investment, the country is beginning to experience a boom in commercial and residential construction. Additionally, the Government of Mongolia has committed to significant infrastructure development to enable more efficient extraction and delivery of its natural resources to international buyers - primarily neighboring China. Mongolia is an independent, Western-friendly democracy of approximately three million people, leveraging its natural resource base and creating a thriving modern economy.
Forward Looking Statement:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and under the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "potential", "estimate" and similar expressions are intended to identify forward-looking statements. These statements relate to future events, including the Company’s expectations regarding Mongolia’s economy, development and potential growth and the Company’s and its subsidiaries’ business and operations in Mongolia, or to the Company's or its subsidiaries’ future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements.
Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors which could impact the Company and its subsidiaries and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.