People: Arete Industries Inc (ARET.PK)

ARET.PK on OTC Markets Group

0.27USD
3:44pm EDT
Price Change (% chg)

$0.07 (+34.50%)
Prev Close
$0.20
Open
$0.27
Day's High
$0.27
Day's Low
$0.27
Volume
2,080
Avg. Vol
3,750
52-wk High
$0.89
52-wk Low
$0.15

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Summary

Name Age Since Current Position

Nicholas Scheidt

52 2013 Chief Executive Officer, Director

Donald Prosser

63 2013 Interim Chief Financial Officer, Director

Charles Davis

55 2011 Chief Operating Officer, Director

Charles Gamber

62 Secretary, Independent Director

William Stewart

51 Assistant Secretary, Director

Biographies

Name Description

Nicholas Scheidt

Mr. Nicholas L. Scheidt is Chief Executive Officer, Director of Arete Industries, Inc. Mr. Scheidt joined the Company’s Board of Directors in November of 2012, serving as independent Director, and as a member of the Company’s Audit, Nomination and Compensation Committees. He was appointed as Chief Executive Officer of the Company on April 26, 2013. Mr. Scheidt has served as President and Chairman of Apex Financing Services Corp aka Apex Realty Investments Inc. since 1983; he has served on the Board of Directors of Truck Wash Inc. since 1989; he has served on the Board of Directors of Out Reach Housing Corporation since 1992 and he has served as Chief Financial Officer of Truck Wash Inc. since 1995.

Donald Prosser

Mr. Donald W. Prosser, CPA, is Interim Chief Financial Officer, Director of Arete Industries, Inc. He served as Chairman of the Board, Chief Executive Officer of the Company. Mr. Prosser is a Director and member of Compensation and Audit Committees. Mr. Prosser is a practicing certified public accountant, specializing in tax and securities accounting, and has represented a number of companies serving in the capacity of CPA, member of boards of directors, and as Chief Financial Officer. From 1997 to 1999, Mr. Prosser served as CFO and Director for Chartwell International, Inc, a publicly traded company which filed reports under the Exchange Act which published high school athletic information and provided athletic recruiting services. From 1999 to 2000, he served as CFO and Director for Anything Internet, Inc. and from 2000 to 2001, served as CFO and Director for its successor, Inform Worldwide Holdings, Inc., which is a publicly traded company which filed reports under the Exchange Act. From 2001 to 2002, Mr. Prosser served as CFO and Director for Net Commerce, Inc, a public company selling internet services. From November 2002 through June 2008, Mr. Prosser served as CFO of VCG Holding Corp., a publicly traded company which filed reports under the Exchange Act and engaged in the business of acquiring, owning and operating nightclubs, which provide premium quality entertainment, restaurant and beverage services in an up-scale environment to affluent patrons. His accounting firm performs accounting service for VCG Holding Corp. Mr. Prosser has been a certified public accountant since 1975, and is licensed in the state of Colorado. Mr. Prosser attended the University of Colorado from 1970 to 1971 and Western State College of Colorado from 1972 to 1975, where he earned a Bachelor’s degree in both accounting and history (1973) and a Masters degree in accounting – income taxation (1975).

Charles Davis

Mr. Charles B. Davis is Chief Operating Officer, Director of Arete Industries, Inc. He serves as a member of the Company’s Nominating and Compensation Committees. From January 1981 to June 1983, Mr. Davis was Operations Manager for Keba Oil and Gas Co. where he was responsible for drilling, completion and producing operations. From July 1983 to April 1986, Mr. Davis was Vice-President of operations for Private Oil Industries. From April 1986 until August 1988, Mr. Davis did consulting work related to well site operations. Since August 1988 Mr. Davis has worked for DNR Oil & Gas Inc., as president, overseeing the day to day operations for 150 to 200 wells, and involved in exploration activities. Mr. Davis graduated from the University of Wyoming with a Bachelor of Science Degree in Engineering.

Charles Gamber

Mr. Charles L. Gamber is Secretary, Independent Director of Arete Industries, Inc. Mr. Gamber joined Arête’s Board of Directors in September 2003. He serves as an independent director, and is a member of Nominating, Audit, and Compensation Committees. Mr. Gamber is the owner of Charles L. Gamber, Inc. dba Capital Resource Management LLC and works as a consultant creating business opportunities and relationships with strategic partners and business organizations. He is also the Director of Business Development for MedCenterNetwork. He has over 35 years of sales, customer service and marketing experience. Mr. Gamber started Charles L Gamber, Inc., in 2003. Mr. Gamber received a bachelor’s degree in Business Administration with minors in Accounting and Economics from Western State College of Colorado in 1973.

William Stewart

Mr. William W. Stewart is Assistant Secretary, Director of Arete Industries, Inc. From December, 2001 until August, 2002, Mr. Stewart ran the operations and directed the business plan of Eagle Capital Funding Corp. (Eagle Capital) to pursue capital funding projects. In addition to serving as an outside director, he serves as a member of the Company’s Nominating and Compensation Committees. Mr. Stewart worked in the brokerage industry as an NASD licensed registered representative from 1986 to 1994. Mr. Stewart started his career with Boettcher and Company of Denver, Colorado and left the Principal Financial Group of Denver, Colorado in 1994 to open his own small-cap investment firm, S.W. Gordon Capital, Inc., where he has been its president since 1994 to the present. Mr. Stewart formerly served as CEO and is an owner of Larimer County Sports, LLC, a Colorado limited liability company, which owns the Colorado Eagles Hockey Club a minor league professional hockey franchise in northern Colorado. He has been President of Wenatche Sports Partners, LLC, owner of a minor league hockey team, since 2008. Mr. Stewart attended the University of Denver on a full athletic scholarship where he played hockey from 1979 to 1983 as right wing and served as assistant captain during his senior year. Mr. Stewart graduated with a BS, Business Administration from the University of Denver in 1983, with honors as a Student Athlete.

Basic Compensation

Name Fiscal Year Total

Nicholas Scheidt

--

Donald Prosser

--

Charles Davis

--

Charles Gamber

63,000

William Stewart

35,000
As Of 30 Dec 2008

Options Compensation

Name Options Value

Nicholas Scheidt

0 0

Donald Prosser

0 0

Charles Davis

0 0

Charles Gamber

0 0

William Stewart

5,250,000 120,500
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