TORRANCE, Calif.--(BUSINESS WIRE)--Sebastian River Holdings, Inc. (OTC: SBRH) announces that via majority shareholder vote, Dan Benjamin has been removed as the company’s CEO. This will not have an effect on existing assets---or contracts pending---and new management will be voted in later this week to ensure a seamless transition in operations toward cumulative long-term company growth.
Effective immediately, the company has engaged counsel and M&A specialists to review all transactions to date to ensure the utmost in transparency and compliance.
More to come on executive announcements and business model this week. The company will continue to submit filings to maintain its Current Info Tier status through Q4 2012 and into 2013.