The Directors of Quanta, Inc. announced that pursuant to the Company's Transition to a Holding Company, Phil Sands was previously appointed as a member of the Company's Board of Directors. Mr. Sands also appointed as the Company's Chief Executive Officer, with such appointment as CEO to be effective ten days following the mailing of a Schedule 14F Information Statement to the Company's Shareholders. The appointment of Mr. Sands as CEO, the Company has received and hereby accepts the resignation letter of Eric Rice from all officer positions with the Company, to be effective ten days following the mailing of the Schedule 14F Information Statement to the Company's Shareholders.