JOINT ANNOUNCEMENT
Effective close of business Wednesday, April 22, 2009, pursuant to certain agreements, the former stockholders of Glen Rock Building Supply, Inc. Ner Lagman, Myrna Lagman, Michael Tancredi, and Christopher Soboleski have transferred their shares (representing 100% of the issued and outstanding shares) to GRL Holding Corp.
Ner Lagman, President and Myrna Lagman, Secretary, have announced their resignation and withdrawal from the company, effective close of business, April 24, 2009. Mr. Lagman indicated both for health reasons and the financial circumstances in the industry and the company, he and Stephan Leone have agreed to the resumption of the ownership and control of the business by GRL Holding Corp. Stephan R. Leone thanked the Lagman’s for their cooperation and support in resuming control of the business and its operation.
E.B. Leone started the business in 1933 and operated it successfully until his demise in 2000, at which time Stephan R. Leone assumed the responsibility as CEO and operated the business with the management team of Robert Marotta and Daniel DiFilippo as senior vice presidents, until the business was sold to the Lagman’s interest in November 2006. Stephan R. Leone formally operated a similar building material business from 1961 to 1983, at which time he sold the business and went on to law school. Setphan R. Leone is presently engaged in the practice of law with the firm of Carluccio, Leone, Dimon, Doyle, & Sacks, LLC, Toms River, NJ, which was founded by Stephan R. Leone in 1997.
As of April 27, 2009, there is a change of control of Glen Rock Building Supply, Inc. (“The Company”); former owner of Glen Rock Lumber & Supply Co. Inc., in particular Stephan R. Leone, President, has resumed control and operation of the Company. Operational management is now under Robert Marotta, Vice President, Richard Merchant, Treasurer, and Stephan R. Leone, President.
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