Diego Pellicer Worldwide Inc. Appoints New CEO and CFO

New Executives Possess Public Company Experience

LOS ANGELES, CA / ACCESSWIRE / May 29, 2015 / Diego Pellicer Worldwide, Inc. (PINKSHEETS: DPWW) “Diego,” a real estate and a consumer retail development company that is focused on developing Diego Pellicer as the world’s first “premium” marijuana brand, today announces the appointments of Ron Throgmartin, as Chief Executive Officer, and David Wells, as Chief Financial Officer. The prior executives were part of a consulting contract with FSCOO, a California-based consulting firm, whose contract expired without renewal.

FSCOO has a proven track record of success in the coordination of projects within the hospitality industry, modifying existing operations, and developing systems for clients, which work effectively, specific to the client’s needs.

Alan Valdes, Chairman of Diego Pellicer, stated, “Specifically, FSCOO was hired to develop compliance systems and procedures for our company, including Financial/Accounting, Securities Compliance, Human Resources and Management. Diego is all about compliance, professionalism and consistency, which happen when you have trained people and proper systems and procedures in place. FSCOO has done a great job in assisting us with this goal.”

The FSCOO team included senior level executives from highly successful companies such as California Pizza Kitchen, Wolfgang Puck, House of Blues, Hard Rock, and Playboy. FS COO provided Diego with their CEO, Philip Gay and their CFO, Nick Roberts. Both will be stepping down at the end of the FS COO contract.

Taking the CEO position will be Diego’s former CEO, Ron Throgmartin. Mr. Throgmartin assisted his family in building a retail business that spread across 23 states with several billion in revenue and is currently traded on the NYSE. He also has extensive experience in real estate, agriculture and marijuana business development, including retail, grow and edible manufacturing.

RON THROGMARTIN, Chief Executive Offi­cer

– Assisted in developing family retail and brand business, which is currently in 16 South Eastern States, and is doing $2.4BN in annual revenue. The company is publically traded on the NYSE. Entrepreneur who has developed several successful small businesses. Owned a development company and built out over 3.5MM square feet. Partner in developing largest privately held beef cattle heard in USA.
– Consulted on the development of grow and retail operations for Marijuana in Colorado. Successfully managed the complicated state licensing process for retail and grow operations.
– Education background: Ball State University, BS

Stepping into the CFO position will be David Wells. Mr. Wells is the Founder of Wells Compliance, an accounting firm specializing in public company compliance. He has been CFO of several public and pre-public companies and led multiple public offerings, private offerings and M&A transactions.

DAVID WELLS, Chief Financial Offi­cer

David R. Wells has served as CFO of several public and pre-public companies and led multiple public offerings, private placements, and M&A transactions: Sionix Corporation (OTCBB: SINX), Voyant International Corporation (OTCBB: VOYT), PowerHouse Technologies Group, Inc. (now Migo Software, Inc.). He has served in numerous other companies as a consultant, including BroadStream, Inc., Hollywood Stock Exchange (HSX.com), and Cord Blood America, Inc. David is the Founder and Chief Executive Officer of Wells Compliance Group, and the creator of F.A.C.T.S. – the innovative cloud-based platform for public companies to outsource preparation of SEC reports. He holds an MBA from Pepperdine University and has been involved in several charitable organizations – The Leukemia Foundation (Team in Training) and Associated Services for International Adoption (ASIA).

Ron Throgmartin, Chief Executive Officer of Diego Pellicer, stated, “It was a pleasure working with FSCOO and we appreciate the consulting and systems they contributed to Diego as we transitioned from a private to a public company.”

The Official end of the FSCOO contract is May 31st, 2015.

About Diego Pellicer Worldwide, Inc.

Diego Pellicer Worldwide, Inc. is a real estate and a consumer retail development company that is focused on developing Diego Pellicer as the world’s first “premium” marijuana brand by adhering to the highest quality and standards for its facilities along with both cannabis and non-cannabis products. The company’s initial focus is to acquire and develop legally compliant real estate locations for the purposes of leasing them to state licensed companies in the cannabis industry. Diego does not grow or sell marijuana or marijuana infused products in the early stages of this plan.

For more information, check out: http://diegopellicer.com.

Forward-Looking Statements

Forward-Looking Statements. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project,” “prospects,” “outlook,” and similar words or expressions, or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could” are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company’s forward-looking statements, please see the Company’s Form 8-K filed on March 19, 2015, including but not limited to the discussion under “Risk Factors” therein, which the Company has filed with the SEC and which may be viewed at http://www.sec.gov.

Contact Information

Hayden IR
Cameron Donahue
cameron@haydenir.com
651-653-1854

SOURCE: Diego Pellicer Worldwide, Inc.

ReleaseID: 429356