LAS VEGAS, NV–(Marketwired – Apr 27, 2017) – American Retail Group, Inc. (OTC PINK: ARGB) announced today that there has been a change in the control of the Company. Mr. Vassili Oxenuk acquired approximately 90% of the outstanding shares of the Company from Soledad Bayazit, the former CEO and President of the Company, in March 2017. Concurrent with the completion of the sale, Ms. Bayazit resigned from all of her positions with the Company and Mr. Oxenuk was appointed the Chairman of the Board, Chief Executive Officer and President of the Company. Mr. Oxenuk has over 20 years of entrepreneurial, venture capital and private equity experience, and has been involved in the management of various venture capital companies that have primarily focused on providing development capital to early stage, high technology companies in Eastern Europe, and has worked with companies from Russia, Kazakhstan, Ukraine and China seeking to have their securities publicly traded.
April 27, 2017 at 09:39AM
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