International Star Inc. Appoints Robert Klein as New CEO
Rhea-AI Summary
International Star Inc. (OTC PINK:ILST) has appointed Robert Klein as its new CEO, replacing Todd Masse who served since April 2024. Klein, a founder of Budding Equity with connections to family offices in Canada and USA, aims to lead ILST through its next growth phase. The company plans to expand product offerings in new states and enhance celebrity partnerships. Klein expressed optimism about potential cannabis rescheduling opportunities and their impact on industry growth. ILST also plans to appoint additional C-suite management to support company expansion.
Positive
- Appointment of company founder with established industry connections
- Plans for product expansion into new states
- Strategic positioning for potential cannabis rescheduling opportunities
- Planned strengthening of C-suite management team
Negative
- CEO turnover after only 7 months indicates potential leadership instability
- Uncertainty during management transition period
News Market Reaction
On the day this news was published, ILST gained 25.00%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
DOVER, DE / ACCESSWIRE / November 4, 2024 / International Star Inc. (OTC PINK:ILST) (the "Company" or "ILST") is pleased to announce the appointment of Mr. Robert Klein as the new CEO of ILST, replacing Mr. Todd Masse, who has served as CEO since April 2024. Mr. Masse has chosen to pursue pastures anew, and we thank him for his work, consulting, and direction in helping ILST complete certain milestones that were key to the company.
Mr. Klein was one of the founders of Budding Equity and is a seasoned entrepreneur who currently has ties to various family offices in Canada and the USA. He is poised to take International Star Inc. through the next growth period as ILST looks to working with additional Celebrities and expand product offerings in new states.
Mr. Klein has been in touch with new promising opportunities for our current celebrities and new points of contact to grow our product offering profile. "It makes the most sense for me to lead ILST and its wholly owned subsidiary, Budding Equity, through the next development phase, and I am looking forward to this opportunity," said Mr. Klein. "Also, as we anticipate the rescheduling of cannabis, we're on the brink of an unprecedented era for the industry. This potential regulatory shift will unlock new opportunities for growth, investment, and innovation across the cannabis sector, positioning International Star Inc. to expand our offerings, reach new markets, and drive significant value for our stakeholders.
I also want to thank Mr. Masse for his involvement and expertise and wish him all the best in his next venture."
"Working with ILST, getting them to this point, and handing off the company to the good hands of Mr. Klein gives me confidence in their future while I pursue other projects. I look forward to maintaining an open relationship with ILST and their team", said Mr. Masse.
In the near term, we look forward to appointing additional C-suite management to navigate the growth of ILST as we embark on new opportunities, work with new celebrities, and grow the business.
About International Star Inc:
International Star Inc. (OTC: ILST) operates through its wholly-owned subsidiary, Budding Equity Inc. ("BEi") and its
For media inquiries, please contact:
International Star, Inc.
8 The Green
Suite 16020
Dover, DE 19901
Website: www.ilstinc.com
Forward-Looking Statement
The information contained herein includes forward-looking statements. These statements relate to future events or to our 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. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume 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.
SOURCE: International Star, Inc.
View the original press release on accesswire.com
FAQ
Who is the new CEO of International Star Inc. (ILST)?
When did International Star Inc. (ILST) announce its CEO change?
What are International Star Inc.'s (ILST) expansion plans under the new CEO?
Who did Robert Klein replace as CEO of International Star Inc. (ILST)?
