ROI LAND INVESTMENTS LTD. (OTCMKTS:ROII) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 Departure of Directors or certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 10, 2017, Antoine Tronquoy resigned as Chief Financial Officer of ROI Land Investments Ltd. (the “Company”). On that same date the Company engaged Yuhi Horiguchi to serve as its new Chief Financial Officer, to a Consulting Agreement, dated that date. Under the terms of the Consulting Agreement, Mr. Horiguchi will be paid $1,500 (Canadian) a month, plus expenses. The foregoing summary is qualified in its entirety by reference to the text of the Consulting Agreement, a copy of which is filed as Exhibit 10.1 to this Form 8-K and made a part hereof.
Yuhi Horiguchi has over 17 years of experience in finance and accounting serving corporate clients primarily in Asia and the United States with a focus on financial management, business turnarounds, financial restructuring and mergers and acquisitions.
Prior to joining the Company, he was a founding member and/or held executive roles in several Tokyo-based financial advisory firms including JAY Advisors Corporation and Umari Capital Inc. During his tenure, he was involved in various turnaround projects for financial service firms including AIP Securities Co. Ltd., a Tokyo-based licensed securities firm, and GO Markets Pty. Ltd., an Australian-based forex brokerage firm, where he held executive positions and successfully achieved corporate turnarounds.
Prior to founding JAY Advisors, Yuhi was an investment analyst at the Strategic Investment Group of Deutsche Securities Inc. (Tokyo) where he was involved in identifying and analyzing corporate investment opportunities primarily in distressed debt, equity and real estate. Prior to Deutsche Securities Inc., he was an Associate at Imperial Capital LLC (San Francisco) where he was involved in serving corporate clients with various transactions including financial restructurings, acquisitions, and divestitures.
He began his career at Ernst & Young LLP (Los Angeles / San Francisco) where he was an audit manager providing audit and business advisory services to Japanese and U.S corporate clients. He also has held executive director positions on several companies primarily in the financial services industry including Alternative Strategy Partners, Pte. Ltd. (“ASP”), a Singapore-based family office and human resource management consulting company, and All Asia Asset Capital Limited, a London AIM-listed Hong Kong-based investment company and non-executive director positions at Oxbow Enterprise Limited (“Oxbow”) and Fingi Inc., a software company for hospitality businesses.
Yuhi received his Master of Accounting from the University of Southern California and Bachelor of Art in Economics from Keio University (Tokyo) and is qualified as a U.S. Certified Public Accountant (California).
ASP, described above, owns 1,511,429 shares of the Company’s common stock and approximately $1.5 million of Notes. Oxbow, an investment management company, also owns shares of Company’s common stock. Yuhi Horiguchi is a majority owner and a director for both ASP and Oxbow.
About ROI LAND INVESTMENTS LTD. (OTCMKTS:ROII)
ROI Land Investments Ltd. is a land development company that owns and operates businesses in the land development industry. The Company’s business model consists of acquiring land free of zoning restrictions, obtaining the necessary permits, outsourcing developments of the infrastructure and profiting from the sale of the subdivided land units to established residential and commercial building developers. Its real estate projects in development include Beauport, Quebec City; Terrace, British Columbia; Kitimat, British Columbia; Louisette, France; Evans, Colorado, and Sobha Hartland, Dubai. It owns approximately three properties in Terrace. The Evans project features a mix of housing units, including single family homes, town homes, duplexes and condos. The Sobha Hartland project features three, eight-story buildings for a total of approximately 300 units. Each building offers Dubai residents with a range of housing options.