NEW YORK, June 20, 2018 (GLOBE NEWSWIRE) -- Williamsville Sears Management Inc. (OTC Pink:WSML) (“WSML” or the “Company”) is pleased to announce today that the Company has formed WSML Africa Group (Pty) Ltd to be the holding company for all its African operations. WSML Africa Group (Pty) Ltd was formed in Johannesburg, South Africa as a wholly owned subsidiary of Williamsville Sears Management, Inc. The Company will be headquartered in Johannesburg South Africa with additional offices in Lagos Nigeria and Accra Ghana.
Amanda J. Wester, the Chief Financial Officer of Williamsville Sears Management, Inc., stated: “WSML Africa Group is not a new thought for us but has been part of the plan all along providing structure on the ground necessary to manage assets overseas. This is exactly the oversight shareholders can expect from Williamsville Sears Management Inc.”
The Chairman & CEO of Williamsville Sears Management, Inc., Kent A. D. Clark stated, “We welcome WSML Africa in to our structure as our first Regional Management Arm. We are focused to expand our diverse portfolio and Management Arms into Africa, Asia, Middle East and Europe in the future. As we expand our portfolios our Shareholders will be able to see the Regional focus by Team. I welcome WSML Africa to the Team and look forward to our partnering efforts around the globe.”
About Williamsville Sears Management Inc.
Williamsville Sears Management is a diversified holding corporation that was formed by Mandla J. Gwadiso. The group operates its own assets through a range of subsidiary companies up under its purview. The group’s primary focus is in real estate, mining, media, transportation, entertainment and technology. The group uses vertical integration as a strategy of diversification and growth. The group plans to grow through acquisitions in Africa, United Kingdom and the United States.
Williamsville Sears Management actively seeks a select portfolio of high-calibre strategic subsidiaries which it acquires based on market trends and their ability to deliver strong returns to shareholders whilst enhancing the communities in which the investments are located. www.williamsville.us
The statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry as well as political and economic conditions present within the industry. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.
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