Golden Eagle Announces the Appointment of Tracy A. Madsen as Chief Financial Officer
Business Wire - February 13, 2003 09:07
SALT LAKE CITY--(BUSINESS WIRE)--Feb. 13, 2003--Golden Eagle International Inc. (OTCBB: MYNG) announced today that Tracy A. Madsen, 41, has been appointed as the company's new CFO and corporate secretary.
Madsen received a B.A. in finance from Boise State University, and an M.B.A. from the University of Nevada Las Vegas.
Madsen has broad financial and executive experience. From 1987 to 1990, he worked as a branch manager for First Interstate Bank of Nevada. In 1990, and through 1996, Madsen became vice president and CFO of Venada Aviation Inc. During that same period, Madsen served as president and chairman of the board of three subsidiaries of Venada: Arena Aviation Inc., Lancelot Leasing Inc. and Camelot Aviation Corp. From 1996 to 2002, Madsen served as the CFO of a group of five aviation-related corporations: Tracer Corp.; Trace Air International Inc.; Miami Holdings Inc.; Trade Air.com Inc. and Tracer Aviation Services Canada. He also sharpened his entrepreneurial skills as part owner of Miami Holdings Inc. From 2002 to his appointment with Golden Eagle, Madsen was an independent consultant in the areas of accounting, finance, banking, inventory cost management and administration.
"I am very happy with the appointment of Tracy Madsen as our new CFO," stated Terry C. Turner, Golden Eagle's president and CEO. "To attract a CFO with such extensive accounting, financial and executive experience is one more sign that we are growing and strengthening our company at a very dynamic moment for us. He also will play an important role in attracting capital as we expand operations, and in managing the increasing proceeds from our mining activities."
Golden Eagle International Inc. is a gold exploration and mining company located in Salt Lake City, and La Paz, Bolivia. The company is currently focusing its efforts on developing its mining rights on 74,000 acres in the Tipuani Gold Mining District, an area estimated to have produced 32 million ounces of gold in its known history, located in Western Bolivia; and continuing exploration on 125,000 acres in Eastern Bolivia's Precambrian Shield. Golden Eagle is a mining company with a social conscience, having supported many humanitarian programs at its mine site. For the past six years, the company has provided the only hospital, doctor and nurse in Cangalli, Bolivia. Golden Eagle also has provided for the educational needs of the students in the area, and many welfare needs in the community. The company highly recommends that you review its disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found at its Web site: www.geii.com.
CONTACT: Golden Eagle International Inc., Salt Lake City
Sabrina Martinez, 801/619-9320 (Investor Relations) |
