Ami James Brands, Inc. (OTCMKTS:AJBI) Files An 8-K Termination of a Material Definitive AgreementITEM 1.02 – TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.
On May 9, 2017, the Board of Directors of Ami James Brands, Inc., agreed to the termination of the Company’s Trademark License Agreement (the “Agreement”) with Ami James Inc., a California corporation.
ITEM 5.01 – CHANGES IN CONTROL OF REGISTRANT.
On May 9, 2017, the Board of Directors of Ami James Brands, Inc., agreed to the termination of the Company’s Trademark License Agreement (the “Agreement”) with Ami James Inc., a California corporation. to the termination of the Agreement, the Company will cancel the 10,833,334 shares previously issued to Mr. Ami James as consideration for the Agreement.
ITEM 5.02 – DEPARTURE OF DIRECTOR & PRINCIPAL OFFICER; APPOINTMENT OF PRINCIPAL OFFICER
On May 9, 2017, the Board of Directors of Ami James Brands, Inc., a Nevada Corporation (the “Company”) accepted the resignation of Ami James as Director and Chief Executive Officer.
On May 9, 2017, Board of Directors of Ami James Brands, Inc., a Nevada Corporation (the “Company”), elected a new Chief Executive Officer, Ira Morris, whose term will continue until a successor is appointed, or until his earlier resignation or death.
Mr. Morris, brings over 20 years’ experience in sales, financial consulting, investor and client relations.
Mr. Morris is President of Black Stallion Oil & Gas Ltd. (BKLG). Prior to serving at Black Stallion, Mr. Morris was Senior Project Manager, for Carpenthouse Consulting Group, 2008 – 2010, where he assisted in development and funding of companies engaged in the emerging states of green related technologies. Prior to serving at Carpenthouse Consulting, Mr. Morris was a consultant with Forbes and Manhattan Inc. in the emerging development of this successful Private Merchant Bank Company, working with the founder, Mr. Stan Bharti. Prior to his time with Forbes and Manhattan, Mr. Morris worked for over ten years as a Consultant for Stotesbury LLC, a Florida based investment company, working with Lexxus Capital, a Manhattan based Capital Company, providing assistance to publicly traded companies. Mr. Morris was responsible for developing new business and long term business relationships with customers.
Mr. Morris successfully completed the Ontario Securities Course, in 1997, and was employed as an investment Advisor for several years, in Toronto, Ontario.
ITEM 9.01 – FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits. The following exhibits are either filed as a part hereof or are incorporated by reference. Exhibit numbers correspond to the numbering system in Item 601 of Regulation S-K.
Exhibit Number
Description of Exhibit
Filing
10.01
Termination Agreement
Filed Herewith
About Ami James Brands, Inc. (OTCMKTS:AJBI)
Ami James Brands, Inc. is a development-stage company. The Company is engaged in the manufacture, distribution, sales and marketing of various products within the apparel industry. The Company focuses on designing, marketing, distributing and selling apparel under the brand names, Ami James and Ami James Ink, to consumers on over four continents, including North America, Europe, Asia and South America. The Company has the right to design, develop, manufacture, distribute and sell a menswear line, a boyswear line, a girlswear line, an infant and toddler line and an accessory line. The Company’s branded products include various categories of men’s and women’s fashions and accessories, footwear, children’s fashions and toys, as well as a range of other categories, such as restaurant franchising, sporting goods, along with health and wellness accessories. It offers denim and knits for women and men, and it also offers hats. As of March 31, 2016, the Company had not generated any revenues. Ami James Brands, Inc. (OTCMKTS:AJBI) Recent Trading Information
Ami James Brands, Inc. (OTCMKTS:AJBI) closed its last trading session 00.0000 at 0.0129 with shares trading hands.