4 of the 5 original directors of Crys-Tel are resigning, according to the announcement at biz.yahoo.com
. The 5th director, kept on from the original group, is Anthony Papalia, the corporate secretary, and presumably at the time of the announcement he was the only person associated with the company.
Obviously, Anthony Papalia wrote the news release, and is in control of this little stock promotion.
The departing directors and officers apparently filled little purpose other than to give the appearance of a real company, which might help get investors to buy CYSS stock.
Why did the 4 directors leave? It is likely that they realized that the CYSS stock was inactive, and there was not much hope to sell shares at a high price, so they might as well buzz off.
What will the new directors and officers do? Probably nothing much, besides lending a new set of names to the company. It is interesting that Daniel C. Jentzsch, the new "Chief Technical Officer" is said to have done work for USA Talks.com (formerly NASDAQ USAT). USA Talks was a stock promotion that was shut down by the S.E.C. recently and a number of shareholder class-action lawsuits are pending. Crys-Tel's claimed business activity is almost exactly the same as USA Talks - supposedly to provide IP long distance services.
Why pretend to relocate to California? Probably this gets rid of the tainted Vancouver address, and gives the opportunity to generate some excitement in the form of additional news releases and promotional activity. No doubt the "company" is in search of new suckers - oops I mean INVESTORS, in the USA, because those in Canada have figured out what is going on.
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