5:27 PM ET 6/11/09 | BusinessWire
TX Holdings, Inc. (OTCBB:TXHG) Board of Directors today announced that they have appointed Mr. Richard Novack as the Company's new president and to the Board of Directors. Mr. Novack replaces outgoing president Mr. Robert Hutchings, who has left the position to pursue other commitments but will remain a Director. This change is effective immediately.
Richard "Rick" Novack, age 50, is a graduate from Indiana University of Pennsylvania and holds a Bachelor of Science degree in Business Administration with a heavy concentration in corporate accounting. Mr. Novack began his career in finance with a major telecommunications company, and later began using his entrepreneurial spirit, starting several new business enterprises, including businesses in the printing, vending and real estate industries. In the past 10 years Mr. Novack has been an active investor in the oil and gas industry.
TX Holdings, Inc. chairman, Buck Shrewsbury, stated, "We feel very fortunate to have Rick lead our management team, and believe his energy and expertise will serve the Company well. We welcome Rick with open arms and look forward to him guiding TX Holdings' future and to soon begin a very active phase and to ultimately be posting consistent operational profitability."
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