Pr Communication Memo

Press Release

CEO Resigns

John Doe Resigns as CEO of XYZ Industries

Honolulu, Hawaii – October 8, 2012 – XYZ Industries’ CEO has announced than John Doe has resigned as Chief Executive Officer and has currently appointed Jane Smith to take over operations. Jane Smith has been voted in by the Board of Directors to represent the CEO position of XYZ Industries until the board has time to appoint a permanent CEO.

There are rumors going around that XYZ Industries has been accused of fraudulent accounting practices and our Board of Directors is thoroughly investigating the situation. XYZ Industries has been blindsided by the situation and is unaware of such doings. XYZ Industries can assure that the financial situation is intact and that its investors do not have to take such rumors seriously.

Over the past 6 months, XYZ Industries has increased revenue by 20% and profits continue to increase with positive expectations moving into next year. The Board of Directors is focused on clearing the accusations and is looking forward to many successful years to come.

“We are on the verge of creating history in our industry and we are slowly taking over market share,” Smith said. “XYZ Industries is on the verge of something special and investors should be looking forward to growth.”

XYZ Industries is focused on creating the best products for its customers and the best opportunities for investors. Look for more updates on the accusations as XYZ Industries looks to clear its name and get back to business.