On January 24, 2012, the board of directors of Protect Pharmaceutical Corporation appointed Keith Elison to become and serve as a director, effective immediately. Mr. Elison has served as company's chief financial officer since April 2011. Mr. Elison has more than twelve years of experience in public company accounting and SEC compliance and reporting issues. Mr. Elison was previously associated as an auditor with HJ & Associates, LLC for five years. For the past seven years, he has been a financial consultant and partner with J & J Consulting, LLC. Also on January 24, 2012, Ramesha Sesha tendered his resignation as a director, chief executive officer, chief operating officer, chief scientific officer, chairman of the board and secretary.