St. Louis, MO—Siboney Corporation (OTC BB: SBON) announced today that its Board of Directors elected Ernest R. (Bodie) Marx President and Chief Operating Officer. Marx previously held the position of Executive Vice President of Siboney Corporation and retains the office of President of Siboney Learning Group, the Company’s principal subsidiary.
Tim Tegeler, Chairman and Chief Executive Officer of Siboney Corporation commented: "Since Bodie Marx joined our organization 6 years ago, he has consistently shown his ability to assemble and lead a strong team and produce outstanding operating results. His selection as President is in recognition of those achievements, with the confidence that his successes will continue."
Siboney Corporation recently reported first quarter revenues increased 98.7% and net income grew 175% compared to the same period last year.
Contact:
Siboney Corporation, St. Louis
Tim Tegeler, 314/822-3163
Any forward-looking statement is necessarily subject to significant uncertainties and risks. The words “believes”, “anticipates”, “intends”, “expects” and similar expressions are intended to identify forward-looking statements. Actual results could be materially different due to various factors, including the level of education funding provided by federal and state governments, regulatory developments, product development and pricing strategies undertaken by our competitors and our ability to attract and retain key personnel. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.