Following a significant new announcement from Methes Energies International Ltd. (OTC:MEIL) this past Friday, the stock came into focus among investors, and the situation could remain the same this week. It could be a good move from investors to look into the announcement a bit more closely.
Key New Management Addition
The company hit the news cycle after it announced that Arnold ‘Kojo’ Asante had been added to the Methes Energies International management team. As part of the team, Asante would be responsible for overseeing the function of the International Business Commercial & Consumer Office of the company involved in driving B2B oil initiatives in Africa.
Asante would work on opportunities with the Southern African Development Community (SADC) and the Economic Communities of Western African States (ECOWAS) in the beginning. Concurrently, he would also work on obtaining the certifications and registrations from the certification authorities of the region, and that would include the GSA (Ghana standards authority).
Asante’s Credentials
In the news release, it was also noted that the Methes Energies International management was familiar with Asante for more than a decade and a half. The association had begun between the company and Asante when the latter worked as the former’s international G-OIL distributor.
Management Comment
“We have known and worked with Mr. Asante for well over 15 years, beginning with his assignment as our first international distributor for G-OIL®,” said Carol Loch, CEO and Chairman of Methes. “His market understanding as well as his business acumen will be a much-added addition to our team as we penetrate this hugely potential bio-lubrication marketplace.”
