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8-K - CURRENT REPORT - American Resources Corp | arec_8k.htm |
Exhibit 99.1
American Resources Announces Appointment of Financial Industry
Executive, Michael Layman to Board of Directors
July 20, 2020 | Source: American Resources
Corporation
FISHERS, INDIANA / ACCESSWIRE / July 20, 2020
/ American Resources
Corporation (NASDAQ:AREC)
(“American Resources” or the “Company”), a
supplier of raw materials to the rapidly growing global
infrastructure marketplace, today announced the appointment of
Michael Layman to its Board of Directors as an Independent
Director.
Mark Jensen, Chairman and CEO of American Resources Corporation
commented, “We are thrilled to welcome Michael as a member to
our Board of Directors as well as a recent significant shareholder
of the Company. We believe that his drive to build value for
companies, well-established network within the financial markets
and expertise he has amassed over the course of his career will be
invaluable as we continue to execute on our objectives and work to
unlock the full potential of the Company.”
Mr. Layman is a well-established financial industry executive with
a track record for driving value and growth for both private and
publicly traded companies. Mr. Layman currently serves as General
Partner/CEO of Emerald Shoals Targeted Opportunities Fund LP, a
hybrid growth fund backed by a network of ultra-high net worth
individuals seeking novel opportunities to invest in high-growth
catalyst driven companies. Prior to his current role at Emerald
Shoals, Mr. Layman served at a large top-four brokerage house where
he was co-owner of a private wealth management group where he was
responsible for identifying attractive and undervalued investment
opportunities. Additionally, he also aided in the development and
implementation of various investment strategies based on differing
types of needs from conservative to aggressive growth.
Additionally, Mr. Layman previously worked for a private equity
fund in New York where he established a strong network of
relationships with research analysts and investment bankers at a
number of Wall Street firms. Mr. Layman obtained his Bachelor of
Arts degree in business from Otterbein University.
“I
believe American Resources has tremendous potential as an industry
leader. The management team has continued to show their commitment
to organic growth and unprecedented innovation within the industry.
With the potential I believe this Company will disrupt the industry
and drive significant value, alongside the management team’s
vision and expertise, joining the Board was an opportunity I
couldn’t pass up. I look forward to closely working alongside
the team and leveraging my expertise to create maximum value for
American Resources, as well as its shareholders,” added Mr.
Layman.
American
Resources Corporation is focused on running a streamlined and
efficient operation to economically deliver raw materials products
to meet its customers’ demands. By operating with low or no
legacy costs and having one of the largest growth pipelines in the
industry, American Resources Corporation works to maximize margins
for its investors while being able to scale its operations to meet
the growth of the global infrastructure market.
About American Resources Corporation
American Resources Corporation is a supplier of high-quality raw
materials to the rapidly growing global infrastructure market. The
Company is focused on the extraction and processing of
metallurgical carbon, an essential ingredient used in steelmaking.
American Resources has a growing portfolio of operations located in
the Central Appalachian basin of eastern Kentucky and southern West
Virginia where premium quality metallurgical carbon deposits are
concentrated.
American Resources has established a nimble, low-cost business
model centered on growth, which provides a significant opportunity
to scale its portfolio of assets to meet the growing global
infrastructure market while also continuing to acquire operations
and significantly reduce their legacy industry risks. Its
streamlined and efficient operations are able to maximize margins
while reducing costs. For more information visit
americanresourcescorp.com or connect with the Company on
Facebook,
Twitter, and
LinkedIn.
Special Note Regarding Forward-Looking Statements
This
press release contains “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements involve known and unknown
risks, uncertainties, and other important factors that could cause
the Company’s actual results, performance, or achievements or
industry results to differ materially from any future results,
performance, or achievements expressed or implied by these
forward-looking statements. These statements are subject to a
number of risks and uncertainties, many of which are beyond
American Resources Corporation’s control. The words
“believes”, “may”, “will”,
“should”, “would”, “could”,
“continue”, “seeks”,
“anticipates”, “plans”,
“expects”, “intends”,
“estimates”, or similar expressions are intended to
identify forward-looking statements, although not all
forward-looking statements contain such identifying words. Any
forward-looking statements included in this press release are made
only as of the date of this release. The Company does not undertake
any obligation to update or supplement any forward-looking
statements to reflect subsequent events or circumstances. The
Company cannot assure you that the projected results or events will
be achieved.
PR Contact:
Precision
Public Relations
Matt
Sheldon
917-280-7329
matt@precisionpr.co
Investor Contact:
JTC
Team, LLC
Jenene
Thomas
833-475-8247
AREC@jtcir.com
Company Contact:
Mark
LaVerghetta
317-855-9926
ext. 0
Vice
President of Corporate Finance and Communications
investor@americanresourcescorp.com
Source:
American Resources Corporation